The team of NAV Coin, a digital currency, announced that their web wallet has gone live and the cryptocurrency has joined Proof Of Stake wallet (POS wallet) which is an online community connected to a group of proof of stake coins.

“Instead of holding your Nav investment in secure offline storage or on an exchange Nav investor now have a third and very desirable option. To store your Nav coins in a secure online wallet that grows as it reaps proof of stake rewards, without having to run your own computer with the wallet open in staking mode” the official release said.

The POS wallet are interested in proof of stake coins that shows development of interesting ideas. It  selected Nav due to its high-end programming and unique technology. In a statement to Nav team, POS wallet said that they have evaluated a few dozen coins so far and have chosen 12 that would be included in the launch of online wallet, with Nav being one of them.

"The Nav team were very proud to be approached by POS. They were passionate about making their coin proof of stake initially so that their investor could earn rewards without the server costs and set up involved in mining. The joining of POS wallet has been a fulfilment of a long-term vision for Nav as a high earning, easy to use and access coin”, Nav team said.

In addition to online access to their wallet, Nav investors will gain additional advantages including instant transfers globally, low transaction fees (1%), tightened security among others.

The next upgraded level of POS wallet will enable users to download the private keys to their wallet, providing unrivaled assurance to the users that they can access the coins even when the website is not available. The current total market cap of NAV Coin equals $ 700,019 at the time of writing.

NAV Coin is a digital currency which is based on open source bitcoin Core. The system is peer-to-peer; users can transact directly without needing a centralized authority like a bank or credit card issuer to verify transactions. With NAV Coin, users are able to send money anywhere in the world within 30 seconds and for only 0.001 NAV Coins per transaction.