At present, the average transaction volume on the Ethereum blockchain is topping 1.039 million transactions per day. It is the preferred blockchain for buying, selling, and trading NFTs, and the most popular protocol for deploying smart contracts.
An integral tool for engaging with the Ethereum ecosystem is an EVM wallet. With MyEtherWallet, Ethereum’s original wallet, you can manage your digital assets and interact with DApps while optimizing the efficiency and security of the Ethereum network.
Rise is excited to announce that you can now use MyEtherWallet as an owner or delegate for your RiseID.
Take your self-sovereign, on-chain identity to a new level with your favorite Ethereum wallet.
Connecting MyEtherWallet to Rise Pay
With the integration of MyEtherWallet into the Rise Pay platform, you can now mint your RiseID with MEW as the owner wallet, or add it on later as a delegate.
Getting started with a Rise Pay account and minting your first RiseID, a unique and self-owned smart contract, is quick and easy.
Once you go through the KYC (know-your-customer) process, you’re ready to mint your RiseID with the wallet of your choice from the list of Rise-compatible wallet options. If you choose to assign your MEW as the owner wallet, you will onboard with it during the initial creation of your Rise Pay account.
If you have a pre-existing Rise Pay account and want to add your MEW as a delegate, connect it following the steps below:
- Using the following link, sign into your Rise Pay account.
- On the left-hand menu, select the option for ‘RiseID’.
- Click the ‘Add’ button next to ‘Delegates’, input your MyEtherWallet’s name and address, and you’re ready to start using your MEW with your Rise account!
MyEtherWallet: How it Works
MyEtherWallet, or MEW, is a non-custody, open-source Ethereum wallet. This means that MEW does not have access to a user's private keys or assets. Instead, the wallet’s owner is their sole manager and keeper.
MEW is thus a truly decentralized product and allows you to be your own bank. MEW users can buy, sell, and trade digital assets without needing to wait on overhead clearance from a centralized power; wallet owners have complete control over their funds, security, and privacy.
What this also signifies is that if the wallet’s owner misplaces or forgets their twelve-word seed phrase, or private key, there is no remediation. Without the private key, all assets are lost with no chance of recovery on behalf of MEW.
MyEtherWallet supports ETH and Ethereum-related currencies such as ETC and all ERC-20 tokens. Buy, sell, and trade your crypto assets without leaving the MEW interface through MEWs integrated partners MoonPay and Simplex.
Ready to experience web3 with Ethereum’s original wallet? Get started with your first MyEtherWallet today and interact with your favorite crypto, dapps and now the Rise ecosystem.
Automate and Scale with Rise Pay
Staying competitive in a market that continues to trend towards digitization and automation means offering advanced payroll options for your global teams.
As web3 continues to capture the public’s attention, providing crypto payment options for contractors is crucial. Rise provides you with an extensive selection of digital wallets to connect to your Rise Pay account to ensure compatibility for all users across blockchains.
Additionally, with Rise you can pay employees and contractors in whatever currency you hold in your treasury, whether that’s fiat money or your DAO’s native token.
Streamline your payroll today with the tried-and-true conventions of traditional finance paired with the innovations of blockchain technology.
Get started with your onboarding today and experience how web3-enabled payroll can help you scale your business.
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