Using Mycelium for Business Operations and Treasury Management

For businesses integrating Bitcoin, Mycelium offers a powerful solution for managing both customer payments and corporate treasury. The wallet’s support for multiple accounts allows a business to neatly separate its operational hot wallet for daily transactions from its long-term cold storage savings. The ability to generate a new receiving address for every customer enhances privacy and simplifies accounting and bookkeeping. For treasury management, the seamless integration with hardware wallets is indispensable. A company can keep the majority of its crypto assets in cold storage for maximum security but use Mycelium on a dedicated device to monitor balances and, when necessary, co-sign transactions. The Local Trader feature can be used to source liquidity or convert a portion of crypto earnings to local fiat currency through trusted peer-to-peer networks. Using a non-custodial wallet ensures the business maintains full control over its assets without depending on a third-party payment processor or custodian. To implement this secure business solution, the integrity of the software is critical. Therefore, the company must ensure it download the official Mycelium APK.