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When I install the new updated v8 Silver Colobus Monerujo Beta version from the Google Play store can I use my existing password and wallet files created by v7 Gray Grilse or will I need to recover with my mnemonic seed?

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it should work. BUT it may not, because the wallet folder has been renamed from "Monerujo" to "monerujo" (small m) so you may need to rename the folder with a file explorer.

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