This platform has just taken a big step to become a real crypto super app
An app that cuts out the middlemen and brokers to put the power of personal finance in your hands has unveiled a major upgrade.
Blockbank says the plethora of improvements and new features coming with V3 will be hugely beneficial to crypto newcomers as well as seasoned investors.
An upgraded user interface provides a simple, elegant and clean way to access centralized finance, decentralized finance and neo-banking services in one place.
Know Your Customer (KYC) checks are also being speeded up, and support for driving licenses means it will be even faster than ever.
The on-ramp connecting fiat and crypto now also delivers low fees – with research consistently suggesting this is a particular pain point for investors.
But perhaps most important of all is the news that blockbank will now be open to users in the US and Canada for the first time – unlocking access to a vibrant, important market.
A real crypto super app
Super apps have taken China by storm – now hundreds of millions of consumers there have the whole world at their fingertips. From social media to shopping, everything can be achieved in one place.
Elon Musk recently shared his desire to bring this concept to the West as part of his acquisition of Twitter. But blockbank is one step ahead of the game, especially considering that it has already made the integrations required to achieve super app status.
A headline-grabbing collaboration is with Avalanche. V3 of blockchain means that this protocol, and the hundreds of tokens it holds, will be available to all users. Switching can be achieved directly from the app – and developers say it’s both seamless and lightning fast.
V3 also introduces an integration with Unstoppable Domains, the leaders in the decentralized domain space. The application users will be able to purchase custom domain names without leaving the application and replacing a complicated wallet address.
Crucially, none of this has come at the expense of safety. Blockbank recently entered into a high-profile partnership with Fireblocks, which has made its name as a top-tier digital asset infrastructure company. This collaboration has resulted in the introduction of new security layers to the app – further strengthening funds. The goal is simple: to protect customers from cyber attacks and reduce the risk associated with human error.
Make crypto foolproof
Countless consumers around the world are incredibly keen to find out what the crypto world has to offer. Unfortunately, they are confronted with clumsy design, monstrous deposit, withdrawal and transaction fees, as well as overly technical language. And more often than not, fragmentation means they have to hold accounts with multiple exchanges. This can be a nightmare to manage – especially if funds need to be moved quickly. That is why blockbank ensures that assets can be held and exchanged in the wallet, without depositing money.
Anastasija Plotnikova, co-founder and CEO of blockbank, told Cointelegraph: “When we developed V3, some tasks were quite simple. Others felt it was similar to launching a rocket. However, we did not give up any of the features and brought an impressive update to our app.”
This is not a project that plans to sit still. Looking ahead, a shiny new debit card will debut later this year – offering even more benefits to users. And according to the blockbank team, additional exciting news and features are coming to the application in the near future – with the community at the center of everything it does.
Blockbank was also announced as the winner of the European Fintech Hackcelerator run by Accelpoint and was invited to participate in the Singapore Fintech Festival by the Monetary Authority of Singapore on 2-4. November. The crowned winner, blockbank, was the only female-led company to participate in the event.
While crypto has made great strides in offering a compelling alternative to the inflexible, fiat-focused world of traditional finance, it still has a ways to go before it becomes dominant. Thanks to blockbank, crypto and fiat are brought together in one place.
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