What is the Ownbit - Blockchain Wallet application, how does it work?

According to the introduction of www.bitbill.com, Ownbit - Blockchain Wallet is a Finance app on the Android platform. There is currently a 4.13.1 version released on Mar 23, 2020, you can see the details below.

Ownbit is a safer place for cryptocurrency and gives you more control of them: Offline creation of Mnemonics, SegWit, Private Key export and import, UTXO customization, Cold Wallet, Offline Signing, MultiSig, and more...

- You own your private keys

The mnemonics, seeds (used to generate private keys) of Ownbit wallet are encrypted and stored on the phone side. The private key is completely under your control. In addition, you can control more aspects of your wallet.

- Secure and easy to use MultiSig

Support BTC, ETH, ERC20, LTC, BCH, BSV, DASH, DOGE and DGB MultiSig, Convenient for you to manage assets with others. The MultiSig design follows common standards and are proved to be secure.

- Offline Cold Wallet

Turning the phone network off or in flight mode to enable Cold Wallet functions. By collaborating with a Watch Wallet, the Cold wallet can perform offline signing and send transactions safely and easily.

- Merchant Wallet

Help merchants accept Bitcoin & Crypto online payments.