As the crypto industry has enjoyed a prolonged bullish period, platforms looking to bring in new clients and appease existing ones have started shifting to more all-in-one style services. This can be seen in the latest updates made by Freewallet, one of the most popular crypto wallet platforms, to their exchange features. The changes consist of the introduction of instant, fee-free exchanges and a significant reduction in the minimum sum required to make a transfer.
Crypto projects of all kinds are adopting the approach of trying to provide their clients with a one-stop service that can meet all their needs — whether that is storage, investment, or transactions. While Freewallet has long offered transactions to its users, these latest developments underline the emphasis being placed on transforming the platform into a kind of crypto Swiss army knife.
Looking at the broader picture, the improvements to Freewallet’s exchange functionality come at a significant time for the industry. With BTC climbing back to ATH levels, and the industry as a whole enjoying something of a renaissance, Freewallet users will be in prime position to take action in a market where speed can mean everything. Trying to put their users in a good position while this spell of market growth continues has motivated a number of different platforms to expand their services and shore up areas in which they were weak.
The biggest winners from this trend seem to be users, as companies across the industry compete to offer more convenient and useful services. The simple approach of companies like Freewallet will appeal to new users but more experienced users are also likely to take advantage of the improvements made to their transactions.
With more and more companies going a similar route, the competition will add more life to an already thriving industry. While the past few years have seen some of the giant exchanges gobble up territory in the digital asset market, with the influx of new users and the new approaches being taken up by Freewallet and others, their hegemony is likely to be challenged.
Freewallet, which has envisioned itself as a guide and indispensable tool for navigating the crypto space for users of all experience levels, is among the services looking to simplify the entire digital currency experience — from purchase and transfer to storage. While it is a far cry from the intense experience offered by many of the major exchanges, with the new influx of people looking to take advantage of the latest bull run, this kind of approach may attract more clients.
Regarding the changes, Freewallet’s Head of PR Solomon Brown commented: “This is a big step for us and where we are going as a platform. For a long time, we have wanted to make Freewallet a place where users of all experience levels could simply and conveniently take care of all their crypto needs. Now, with the fastest exchange speeds, low transaction fees, and the best security out there, we are really proud of what our users are getting.”
The Freewallet Family was launched in 2016 and now includes 30+ standalone applications and Freewallet Lite – an HD wallet for iOS and Android. Freewallet: Crypto Wallet was named the third most popular online wallet for Android in 2018 and today supports 50+ coins and a vast range of ERC20 tokens on the web and for iOS and Android devices.
For more information visit the Freewallet website: freewallet.org
The Freewallet mobile app: https://clck.ru/MjRhj
Freewallet’s Twitter: https://twitter.com/freewalletorg