PRESS RELEASE. G-Wallet, a decentralized crypto platform and wallet provider, has unveiled a series of updates on its blockchain ecosystem. Updates focus on developing its hybrid wallets and other features offered by the blockchain platform.
G-Wallet Builds a Sustainable and Decentralized Wallet Ecosystem
G-Wallet has been developing a hybrid wallet that will offer several features including integrating a decentralized exchange platform and a p2p exchange platform. This initiative is part of G-Wallet’s attempt to build an extensive platform for users to access crypto features from its wallet applications.
The decentralized exchange is expected to offer an ideal environment for consumers to trade crypto assets without centralization restrictions. Users will be able to exchange defi products on the G-Wallet blockchain platform.
In addition, the decentralized exchange is expected to include an atomic swap feature that will allow users to swap the platform’s native ticket LEVEL G for other stellar tickets in the wallets.
G-Wallet will also integrate a dedicated tracker on its decentralized exchange as part of its defi feature. The smart tracker is built as a kind of product AI and scans the Stellar blockchain for the best token exchanges and production offers. G-Wallet also confirmed plans to implement popular defi features like staking, lending and lending on its smart contract.
The p2p exchange is also a major aspect of the G-Wallet ecosystem and is built to enable the exchange of assets directly supported by traders on the exchange. The exchange offers similar features seen on other P2P platforms and traders will be able to exchange supported tickets directly from the G-Wallet platform. To mitigate against fraudulent transactions, G-Wallet has integrated a built-in escrow system in the exchange.
The escrow holds funds during transactions and only releases funds when transactions are completed. Currently, traders can trade BTC, ETH, USDT, XRP and XLM on the P2P exchange.
The Wallet platform will be secured using SSL encryption which ensures that the stored data would be safe from leaks and hacks. As it is built on the Stellar network, G-Wallet offers immutability and security features from the Stellar blockchain.
G-Wallet has also continued to develop its GKYC system which seeks to provide a different kind of user identification on its platform. The GYKC procedure forces users to embark on an authentication process that ensures that the crypto exchange services offered by the blockchain platform are free of fraudulent transactions and cybercriminals.
Highlight use cases of LEVEL G Token
G-Wallet will be powered by a native utility ticket called LEVEL G. The stellar-based ticket will give users access to P2P features offered within G-wallet. It has similar features with other Stellar-based tokens and offers cheap cross-border transactions.
Users will be required to hold a minimum of LEVEL G to be eligible to use services offered by the exchange. The token can also be exchanged for other crypto assets using the atomic exchange feature on the decentralized exchange.
LEVEL G was listed on some exchanges and has a limited supply of twenty-one million tickets. In the long term, G-Wallet aims to partner with card companies such as MasterCard and Visa to expand the use cases. There are also plans to partner with debit card companies to release LEVEL G debit cards which can be used as regular debit cards for payments.
G-Wallet is a blockchain platform that offers complete digital wealth solutions in one place. G-Wallet aims to provide financial freedom for consumers and create a truly devolved system.
Learn More About G-Wallet- https://gwallet.tech/
This is a press release. Readers should do their own due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in the statement to ‘ press.
Image Credits: Shutterstock, Pixabay, Wiki Commons