CBNK Ltd. Updates CryptoBank Mobile App and Withdraws Existing Acquisition
CRYPTO BANK, a virtual asset total financial solution, announced that it has added a new function through an update to its mobile application.
CryptoBank is an all-in-one mobile application platform that can manage, transmit, and pay for virtual assets of various exchanges in an integrated way. Through this update, CryptoBank can check the status of virtual assets through API linkage with Binance, Huobi, and Coinone exchanges. Cryptobank plans to add support for continuous linkage with major exchanges in the future.
Virtual asset transfer has been simplified. The existing transmission method was to copy and paste complicated and long wallet addresses one by one, but in CryptoBank, it is possible to transfer easily through friend registration. A merchant recommendation function has been added. This is a promotion to secure more active platform users and expand usage, and a portion of the fees paid by users will be paid as compensation to affiliates registered as recommenders. Lastly, a news feed corner has been added that allows you to check the status of the virtual asset market in real time through partnership with CoinNess.
Meanwhile, Cryptobank Foundation CBNK Ltd. acquired the existing blockchain-based integrated payment platform Polestar and KVI chain for efficient business development of each project amidst the uncertainty of the recent rapidly changing virtual asset market. It was decided to cancel the transfer agreement. The direction of global financial policy has become unclear amid the unprecedentedly increased liquidity of the asset market while the real economy is rapidly recovering due to the Covid pandemic. “We believe that it is advantageous to proceed with the project while responding to the current market.” a core CBNK team member said.
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