BKX, the Ethereum-based ERC-20 utility token, is now available in Freewallet. Freewallet is a secure digital currency wallet with built-in exchange for web, iOS and Android devices, and the third most popular online wallet for Android, with 3 million users, according newsbtc. The Freewallet family includes 11 iOS and 27 Android apps.

Please Note: This is a Press Release

Starting today, the BKX utility token becomes available to users of Freewallet, the third most popular online wallet for Android, as per newsbtc.

“We are very proud to partner with one of the most influential companies to bring cryptocurrency into fiat life. We are eager to see cryptocurrencies as a regular payment option in as many places as possible, and we believe Bankex is creating a system that will make it a reality in the nearest future.” — Alvin Hagg, the co-founder of Freewallet.

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/weekly limits that help minimize the risk of theft, 2FA, PIN and fingerprint support.

The BKX Token Cycle in the BANKEX Proof-of-Asset Protocol Ecosystem

The BKX utility token is used as payment in the BANKEX Proof-of-Asset Protocol ecosystem. This ecosystem includes a native Tokenization Engine, KYC Adapter, Security Token Exchange, and Custody Service, the blockchain analog to a safe deposit box, with no minimum deposit limit. Other products in the ecosystem include Trust Service to store and confirm transactions on the blockchain, Smart Justice, which enables users to seek redress for blockchain-based transactions that have not turned out as expected, and other transformative infrastructure products that empower the transparent, legal, and secure management of different asset classes in the digital sphere.

The BKX token is used as the reward in BANKEX Bounty Service. In addition, it is used as a utility token to buy voting tokens in BANKEX Smart Justice, as well as the method to pay the requisite Smart Justice Decision Fee. It is also the fuel for AppToken and MediaToken, two services implementing revenue-sharing strategies to open new pathways for both low-risk development and fundraising for apps and online content. BKX tokens are also used to pay fees in the BANKEX Trust Service, BKX Scan, and other applications. BKX’s listing on top trading services, including Changelly, simplifies access to these products.

Other enterprises are already integrating BANKEX technology to migrate their business to the blockchain. MovieCoin, for example, is a blockchain-based platform that incorporates the BANKEX Proof-of-Asset Protocol, as well as smart contracts, to transform the financing of major motion pictures, television, and other entertainment media.

The BKX utility token can be exchanged instantly or bought with Visa or MasterCard on Changelly. The BKX token can be purchased on CoinSwitch, the world’s leading cryptocurrency exchange aggregator platform, and can also be purchased on Bittrex, the 7th-largest cryptocurrency exchange worldwide by trading volume. The BANKEX token is also available on IDEX, OKEX, EtherDelta, as well as UpBit, the leading cryptocurrency exchange in China.

About BANKEX

BANKEX is a global top-50 fintech company developing the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) product modules and blockchain together to enable digitization, tokenization, and exchange of assets for the full development of a tokenized global ecosystem. Leading BANKEX technologies include the Proof-of-Asset Protocol for tokenization, Plasma Protocol, BANKEX Scan, Smart Justice, Trust Service, Pay, Bounty Service, and the Solidity Floating Point Library.

For more information, please visit bankex.com/en

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About Freewallet

Freewallet is a digital currency wallet with built-in exchange for web, iOS and Android devices. It features such coins as Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, Bytecoin, and a total of 25 cryptocurrencies. Enjoyed by over 3 million users worldwide, recently Freewallet was named the third most popular cryptocurrency wallet for Android.

For more information on this and other press release topics, contact

BANKEX Head of PR Maria Zvyagintseva, e-mail: m.zvyagintseva@bankex.com