diff --git a/main.cpp b/main.cpp
index 7b2799d4..43ef8186 100644
--- a/main.cpp
+++ b/main.cpp
@@ -56,6 +56,7 @@ int main(int argc, char *argv[])
     qmlRegisterUncreatableType<Wallet>("Bitmonero.Wallet", 1, 0, "Wallet", "Wallet can't be instantiated directly");
     qmlRegisterUncreatableType<PendingTransaction>("Bitmonero.PendingTransaction", 1, 0, "PendingTransaction",
                                                    "PendingTransaction can't be instantiated directly");
+
     qRegisterMetaType<PendingTransaction::Priority>();
 
 
diff --git a/main.qml b/main.qml
index e890a75b..b96b5dea 100644
--- a/main.qml
+++ b/main.qml
@@ -35,6 +35,7 @@ import Qt.labs.settings 1.0
 import Bitmonero.Wallet 1.0
 import Bitmonero.PendingTransaction 1.0
 
+
 import "components"
 import "wizard"
 
@@ -50,6 +51,7 @@ ApplicationWindow {
     property var wallet;
     property var transaction;
 
+
     function altKeyReleased() { ctrlPressed = false; }
 
     function showPageRequest(page) {
@@ -122,7 +124,7 @@ ApplicationWindow {
 
 
     function initialize() {
-
+        console.log("initializing..")
         middlePanel.paymentClicked.connect(handlePayment);
 
         if (typeof wizard.settings['wallet'] !== 'undefined') {
@@ -143,24 +145,34 @@ ApplicationWindow {
             }
             console.log("Wallet opened successfully: ", wallet.errorString);
         }
+        // display splash screen...
 
+        console.log("initializing with daemon address..")
         if (!wallet.init(persistentSettings.daemon_address, 0)) {
             console.log("Error initialize wallet: ", wallet.errorString);
             return
         }
+        console.log("Wallet initialized successfully")
+        // TODO: update network indicator
 
         // subscribing for wallet updates
         wallet.updated.connect(onWalletUpdate);
-
+        wallet.refreshed.connect(onWalletRefresh);
+        console.log("refreshing wallet async")
         // TODO: refresh asynchronously without blocking UI, implement signal(s)
-        wallet.refresh();
-
+        wallet.refreshAsync();
         console.log("wallet balance: ", wallet.balance)
 
     }
 
     function onWalletUpdate() {
-        console.log("wallet updated")
+        console.log(">>> wallet updated")
+        leftPanel.unlockedBalanceText = walletManager.displayAmount(wallet.unlockedBalance);
+        leftPanel.balanceText = walletManager.displayAmount(wallet.balance);
+    }
+
+    function onWalletRefresh() {
+        console.log(">>> wallet refreshed")
         leftPanel.unlockedBalanceText = walletManager.displayAmount(wallet.unlockedBalance);
         leftPanel.balanceText = walletManager.displayAmount(wallet.balance);
     }
@@ -206,10 +218,10 @@ ApplicationWindow {
 
             transactionConfirmationPopup.title = qsTr("Confirmation")
             transactionConfirmationPopup.text  = qsTr("Please confirm transaction:\n\n")
-                        + "\nAddress: " + address
-                        + "\nPayment ID: " + paymentId
-                        + "\nAmount: " + walletManager.displayAmount(transaction.amount)
-                        + "\nFee: " + walletManager.displayAmount(transaction.fee)
+                        + qsTr("\nAddress: ") + address
+                        + qsTr("\nPayment ID: ") + paymentId
+                        + qsTr("\nAmount: ") + walletManager.displayAmount(transaction.amount)
+                        + qsTr("\nFee: ") + walletManager.displayAmount(transaction.fee)
             transactionConfirmationPopup.icon = StandardIcon.Question
             transactionConfirmationPopup.open()
             // committing transaction
@@ -288,6 +300,19 @@ ApplicationWindow {
         }
     }
 
+    Window {
+        id: walletInitializationSplash
+        modality: Qt.ApplicationModal
+        flags: Qt.SplashScreen
+        height: 100
+        width:  250
+        Text {
+            anchors.fill: parent
+            text: qsTr("Initializing Wallet...");
+        }
+
+    }
+
 
     Item {
         id: rootItem
diff --git a/src/libwalletqt/Wallet.cpp b/src/libwalletqt/Wallet.cpp
index e6368ad2..3697984e 100644
--- a/src/libwalletqt/Wallet.cpp
+++ b/src/libwalletqt/Wallet.cpp
@@ -14,6 +14,45 @@ namespace {
 
 }
 
+class WalletListenerImpl : public  Bitmonero::WalletListener
+{
+public:
+    WalletListenerImpl(Wallet * w)
+        : m_wallet(w)
+    {
+
+    }
+
+    virtual void moneySpent(const std::string &txId, uint64_t amount)
+    {
+        // TODO
+        Q_UNUSED(txId)
+        Q_UNUSED(amount)
+    }
+
+    virtual void moneyReceived(const std::string &txId, uint64_t amount)
+    {
+        // TODO
+        Q_UNUSED(txId)
+        Q_UNUSED(amount)
+    }
+
+    virtual void updated()
+    {
+        emit m_wallet->updated();
+    }
+
+    // called when wallet refreshed by background thread or explicitly
+    virtual void refreshed()
+    {
+        emit m_wallet->refreshed();
+    }
+
+private:
+    Wallet * m_wallet;
+};
+
+
 
 QString Wallet::getSeed() const
 {
@@ -88,6 +127,11 @@ bool Wallet::refresh()
     return result;
 }
 
+void Wallet::refreshAsync()
+{
+    m_walletImpl->refreshAsync();
+}
+
 PendingTransaction *Wallet::createTransaction(const QString &dst_addr, const QString &payment_id,
                                               quint64 amount, quint32 mixin_count,
                                               PendingTransaction::Priority priority)
diff --git a/src/libwalletqt/Wallet.h b/src/libwalletqt/Wallet.h
index 241b89d8..4d6a1ea0 100644
--- a/src/libwalletqt/Wallet.h
+++ b/src/libwalletqt/Wallet.h
@@ -77,6 +77,10 @@ public:
     //! refreshes the wallet
     Q_INVOKABLE bool refresh();
 
+
+    //! refreshes the wallet asynchronously
+    Q_INVOKABLE void refreshAsync();
+
     //! creates transaction
     Q_INVOKABLE PendingTransaction * createTransaction(const QString &dst_addr, const QString &payment_id,
                                                        quint64 amount, quint32 mixin_count,
@@ -103,6 +107,10 @@ public:
 signals:
     void updated();
 
+    // emitted when refresh process finished (could take a long time)
+    // signalling only after we
+    void refreshed();
+
 
 private:
     Wallet(Bitmonero::Wallet *w, QObject * parent = 0);
@@ -110,6 +118,7 @@ private:
 
 private:
     friend class WalletManager;
+    friend class WalletListenerImpl;
     //! libwallet's
     Bitmonero::Wallet * m_walletImpl;
     // history lifetime managed by wallet;