Norway’s BiorBank, a non-custodial Web3 banking platform, has announced that it will soon be launching its application for both iOS and Android mobile.
The platform has also announced that its Ethereum-based currency will launch on March 20 and its iOS and Android mobile app will launch on March 24.
By combining real-world banking features with cryptocurrency wallet functionality, something no other platform has done successfully, the platform is poised to upend the market.
BiorBank’s Mobile App Features
With the new app, users will have complete control over their funds because it’s a non-custodial wallet, which eliminates any risk or limitations from third parties.
With BiorBank’s support for several blockchains, such as Ethereum, Bitcoin, Solana, and Cosmos, users can manage a wide range of assets. Access to more than 2000 liquidity pools with minimal slippage for effective trades is provided by the integrated DEX aggregator.
Easy, secure sign-ins are achieved by replacing laborious seed words with social logins like Google or Twitter.
BiorBank also integrates Web3 and banking services, and it will soon include virtual cards, bill payment, and an on/off ramp.
“For years, users have been stuck choosing between crypto wallets that do too little and banks that control too much,” said CEO & co-founder, Hassen Kadhim, of BiorBank. “We’re launching BiorBank to put real control back into users’ hands while giving them the banking features they actually need.”
Also Read: Spanish Bank BBVA Set to Launch Bitcoin and Ether Trading in The Nation After Regulatory Approval
How Will The App Help Users?
Self-sovereign banking solutions are becoming more popular as customers’ concerns about centralized exchange failures and changing rules grow.
The debut of BiorBank app coincides with an increase in demand for decentralized asset management. BiorBank claims to be more than just a standard cryptocurrency wallet with the debut of its token on the Ethereum network on March 20 and the app for iOS and Android on March 24.
It gives customers complete control over their assets and presents a revolutionary approach to financial sovereignty. With its launch, a new era in decentralized finance begins.
New Move Coincides With Market Trends
Traditional banks’ introduction of cryptocurrency apps benefits consumers and the financial system in a number of ways. By allowing users to manage both fiat and cryptocurrency assets on a single platform, these apps offer a smooth transition between traditional banking and the decentralized world.
With integrated encryption and regulatory compliance, they provide improved security and lower the possibility of hacking.
Additionally, Bitcoin apps can make cryptocurrency markets more accessible, reduce fees, and speed up transactions. By integrating with current financial services and ensuring customers of the security and legitimacy of their investments, banks help lend credibility to the cryptocurrency market.