Bancor Wallet: Free Conversion Between ETH and EOS

By Robin Wong | March 14, 2019
Bancor’s Wallet: Free Conversion Between ETH and EOS

Decentralized network Bancor has recently introduced a wallet with free-of-charge, automated conversions between Ethereum (ETH) and Eos (EOS) tokens, according to a press release (Mar 12).  

Per the press, the new wallet dubbed Bancor Wallet, originally built on top of the firm’s recently launched protocol BancorX’s product, is non-custodial and specifically devised to convert  ETH to EOS and vice versa without delay or third party.

Nate Hindman, Bancor’s Director of Communications, highlighted that asset integration time has been reduced “dramatically” after the release of EOS, and that many more tokens like Bitcoin (BTC) and Tron (TRON) could be up on the platform in the near future.

At the moment, Bancor Wallet has enabled free, on-the-spot transactions between 9,700 token pairs, whether available purchasers are present or not, while giving user’s access to its decentralized applications (DApps) on its interface as well.

It also emerged that Bancor protocol will be featured in the new Samsung Galaxy S10 smartphone via blockchain developer Enjin.

After the Samsung announcement, Bancor is seeing an upsurge in network volume in the past week, reaching the peak at $25M, $9M higher than the week before, according to Hindman.

Moreover, data reveals that Bancor’s cryptocurrency, Bancor Network Token (BNT), also rose in price, capping at $0.76/coin on March 10, highest ever since November 2018.

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