Today, the technology has changed the way we live and do business. Our lives are filled with internet-based technology through which we communicate, work, play and even engage with. More than ever before, banks and financial institutions need to build applications and functionality that gains top-of-mind awareness of digital payment.

People literally can't live without it.

The Emergence of Cryptocurrency

There are powerful technologies making their mark on the digital world, one of them is cryptocurrency. Unlike fiat money, cryptocurrency provides payment services in the following two ways: Instantly, it carries out payment without any intermediary and Anonymous, a payment transaction without revealing your true identity. It is a digital currency which uses cryptography to create new units of the currency and to secure and manage all transactions. Just like fiat money, currently there are thousands of cryptocurrencies with different purposes, but they are not connected to each other in any way.

Each cryptocurrency is unique. Unlike money issued by governments, there is a finite number of cryptocurrency, ensuring they cannot be affected by inflation and are impossible to counterfeit. That's why "cryptocurrency wallet" is playing an important role in modernizing the way cryptocurrency and traditional industry operates with the help of blockchain technology. But most of current crypto wallets are having trouble for keeping it getting hacked, lost or stolen. Not to mention that most wallets can only accept a few crytocurrencies with limited access. This will hinder progress in building a self-sustaining cryptocurrency ecosystem.

Rise of Bancor Wallet

Bancor is a blockchain protocol that allows users to convert between different tokens directly as opposed to exchanging them on cryptocurrency markets. In other words, it allows you to convert between cryptocurrency out of the hundreds tokens right there in your own wallet.

Unlike other wallets, Bancor wallet can connect different tokens with different needs, in the fastest most efficient way, all from the safety of the decentralized blockchain network.

For the last few months, people have been using their disruptive technology to convert between 500 tokens without need to register for an account, no spreads, no deposits and no withdrawal fees. Bancor protocol allows the autonomous conversion of cryptocurrencies, enabling all parties to instantly purchase or sell any token. With the launch of their wallet, Bancor will boost its outreach to the community and expand its work with more cryptocurrencies.

Bancor's native wallet, enabling users to buy, store and manage any ERC20 token and offering built-in access to token conversions with instant on-chain settlement between any token on the Bancor Network. Driven by design and built with simplicity in mind, the new wallet (along with Bancor's new fiat-to-crypto integration via credit card) makes Bancor an end-to-end decentralized solution for frictionless, on-demand access to tokens.

New users can create a Bancor Wallet using their Telegram, WeChat or Messenger account, and import any existing ERC20 wallet to start converting instantly.

This is how Bancor is positively changing the digital wallet industry and provides life-changing experiences for its users. This is how we are saving cryptocurrency.