BlockBank has announced something special for its users. As per the latest reports, BlockBank is planning to join hands with Elrond Network’s EGLD And ESDT Tokens. They are integrating to amplify the features of traditional mobile banking with smooth crypto integration.
Traditional mobile banking isn’t working for crypto users, Therefore they needed an advanced platform that could help them with seamless integration. In due course, this integration will help many crypto users.
BlockBank is an artificial intelligence-powered platform designed for seasoned traders and retail market participants. A new version will reportedly be launched this year. The app will have four key components, namely a centralized custodial wallet, banking, a non-custodial web 3.0 wallet, and an AI-based Robo advisor.
ESDT and EGLD issued assets on Elrond Network are supposed to be available on Blockbank application version 2. This will enable stake token users to access the decentralized financial products that are running on the Elrond Network.
According to Benianmin Mincu, the CEO of Elrond Network, the eGold and Elrond asset integration is an intuitive and robust BlockBank app. The move is rather significant for seamless access to blockchain innovation on a global scale.
According to Darren Franceschini, the co-founder of BlockBank, Elrond blends great technology with the asset that acts as a strong store of value and a vast partner network. The integration will be an event of strategic value for the expansion of DeFi services with regard to BlockBank.
The integration will be beneficial to both Elrond and BlockBank.