Coins.ph, the Philippines' leading blockchain digital wallet has introduced three new cryptocurrency tokens: USDC, Chainlink, and Kyber Network Crystal (KNC) starting July 16, 2021. Coins.ph customers can buy, sell, and store these three new tokens directly using the app.
"We are excited to announce the addition of USDC, Chainlink and KNC tokens on our virtual assets platform," said Nauman Mustafa, CEO of Coins.ph. "This is the first of many additions and enhancements we will release this year. As Coins.ph continues to be the Philippines' biggest Virtual Assets Exchange, we owe it to our customers to keep innovating our products and services to create greater value."
USDC is a stablecoin pegged to the value of the US Dollar. A stablecoin is a crytocurrency designed to reduce volatility by basing its value on stable assets. USDC was developed by a partnership between Circle, a peer-to-peer payments technology company and Coinbase, one of the world's largest cryptocurrency exchanges.
Chainlink is a decentralized oracle network that allows smart contracts on Ethereum to access data from third-party data providers.
Kyber Network Crystal (KNC) is the native token of the Kyber Network, one of the most popular decentralized exchanges on the Ethereum network.
"We are glad to see that Kyber's utility token KNC is now easily accessible to the Philippine community through the Coins.ph mobile wallet," said Loi Luu, CEO and Co-Founder of Kyber Network. "With KNC, Coins.ph users can also participate in Kyber's governance through the KyberDAO."
While the three tokens are new, Coins.ph app is still the trusted mobile wallet service operating for more than seven years. "The goal of Coins is to make access to cryptocurrencies easy and convenient, and we hope to achieve that goal by expanding our users' selection of tokens on the platform," added Mustafa.
You can download the Coins.ph app via Google Play, App Store or Huawei AppGallery. Customers though need to be Level 2 verified to avail of these cryptocurrency services.
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