BANKEX: BANKEX Monthly Update: September 2018updates tech plasma ethereum bitcoin
October 2018 has begun, so it’s time to look back on everything BANKEX achieved in September. In the first month of autumn, we presented the first use case of BANKEX Plasma, made the BKX token available in Freewallet, updated BANKEX Pay, and, last but not least, we launched BANKEX Custody Service.
New Tech and Services
BANKEX Custody Service
This September, our team launched BANKEX Custody Service, a world-class decentralized cryptocurrency depository for enterprise and individuals. BANKEX Custody utilizes enterprise-level cloud solutions that ensure asset security superior to that of any banking organization. BANKEX Custody Service has no minimum deposit, so anyone can use it to store BTC, ETH, LTC, and BCH. BANKEX Custody is also fair and transparent for its users; it has free deposits, withdrawals, and transactions with no hidden fees. The only commission for storage is a monthly fee that doesn’t exceed 0.2% of total stored volume.
Click here for a BANKEX Custody Service free trial.
Or read more about BANKEX Custody Service:
- BANKEX Custody Service — Your Personal Crypto Vault: Part 1
- BANKEX Custody Service Part 2: What Makes It Tick
An Update to BANKEX Pay
BANKEX Pay is a powerful and easy-to-use Ethereum wallet that’s been customized for iOS devices. It’s a robust solution that enables you to make transactions, estimate gas costs, and generate receipts. However, anything that has been made can be made better, so we updated the design, simplified the navigation, added new home screen, introduced customization options, and localized the app for Chinese users
The First Use Case of BANKEX Plasma
To show how BANKEX Plasma works in real life, our team implemented it in the BANKEX coffee vending machine. In the video below you can see how BANKEX Plasma works:
New Online Wallet for BKX Token
BKX Token is Available in Freewallet
BKX, the Ethereum-based ERC-20 utility token, is now available in Freewallet. Freewallet is a secure digital currency wallet with a built-in exchange for web, iOS, and Android devices. It’s the third most popular online wallet for Android with 3 million users, according to newsbtc. The Freewallet family includes 11 apps for iOS and 27 apps for Android.
In 2017, Freewallet users saved up to $500,000 thanks to free transfers between Freewallet users. Moreover, Freewallet offers high-level security, with cold storage, multi-signature confirmation for each transaction, daily and weekly limits that help minimize the risk of theft, 2FA, as well as PIN and fingerprint support.
This September we highlighted one of the most important problems of cryptocurrencies, the volatility of the crypto market.
Our team has partnered with Codex Protocol, a decentralized registry for unique assets, to establish an end-to-end solution to securitize valuable collectibles. This partnership will be an exciting opportunity to provide more liquidity to collectors and more investment opportunities for capital providers. This, in turn, will lead to further securitization while preserving the privacy of both parties, something financial markets and individuals increasingly demand.
The Kickoff of the MovieCoin Presale
The presale of MovieCoin, the fintech platform for the entertainment industry powered by BANKEX, started on September 12th. For more info, click here.
- First real-life usage of Plasma: don't wait a second to buy coffee with cryptocurrency - AMBCrypto
- The First Use Case for BANKEX Plasma
- BANKEX and Codex Protocol Announce Integration Partnership to Open the Arts & Collectibles ("A&C") Market to Different Investors - Ethereum World News
- BANKEX is now Live in Freewallet
- The Safest Way to Store Cryptocurrency Goes Live with an Open Beta
In September the BANKEX Team visited the Global Innovation Institute GI2 and made presentations in two sections: Interactive Workshop: Partnering with Fintech, and Investment Bank Case Studies.
What to Expect in October
We’re still working non-stop to merge real-life assets with blockchain technology, so you can look forward to significant events in the upcoming month..
In October the BANKEX Foundation team will take part in ETH San Francisco, the world’s largest Ethereum hackathon.
The middle of autumn will be very eventful, as we are launching a number of major blockchain products and technologies.
We love to interact with our blockchain community, so feel free to contact us with any questions you may have. We are always glad to meet new people interested in fintech and explain how this crypto stuff works and make new friends.
In the BANKEX Monthly Update, we publish news and notes about the hardworking BANKEX team, its professional activities, and achievements. We also announce plans for initiatives and milestones towards realizing ongoing projects and goals, and we share information about BANKEX’s participation in events in fintech, blockchain, and other spheres.
BANKEX Monthly Update: September 2018 was originally published in BANKEX - Proof-of-Asset Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.
Original article was created by: BANKEX at blog.bankex.orgDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
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