Takeaways:
- Major banks Custodia and Vantage are launching platforms to digitalize deposits on blockchains.
- The financial sector is responding to explosive growth in the digital dollar market.
- Best Wallet is helping break down technological barriers to crypto ownership.
- The $BEST utility token, currently in presale, has raised $16.6M+.
The banking industry is undergoing a dramatic transformation as established financial institutions race to adopt blockchain technology. Custodia Bank and Vantage Bank have just unveiled a blockchain infrastructure that tokenizes customer deposits using stablecoins, which they’re offering to other banks.
By enabling banks to store customer deposits as tokens, Vantage and Custodia aim to bridge the gap between bank-issued digital dollars and cryptocurrency stablecoins, reducing fragmentation across the crypto services industry.
According to a joint press release, Vantage and Custodia’s patented platform will be open to US banks of all sizes with regulatory compliance for stablecoins outlined in the GENIUS act built into the infrastructure.
It’s great news that the crypto industry is maturing with seamless token transfers between banks, but the crypto retail services sector is lagging behind. Part of the issue is the lack of easy-to-use crypto tools for first time users, which is where the Best Wallet app and its native $BEST are making a difference.
Let’s delve into how this mobile crypto wallet is disrupting the industry.
Best Wallet – Easy Crypto Trading With a Mobile-First Wallet
The Best Wallet app eliminates much of the complexity you’d normally associate with crypto. Even if you have no previous experience with trading or buying digital asset’s, Best Wallet’s mobile-first offering makes it as simple to use as any other banking app.
Crypto adoption is growing, yet the industry still lags behind in terms of providing user-friendly crypto-management solutions for the everyday retail investor. The fragmented nature of crypto certainly doesn’t help – if you trade on different blockchains, you’ll end up juggling a heap of wallets.
Best Wallet solves this problem with an app that uses comprehensive multi-chain integration. Currently, it supports the following blockchains:
- Bitcoin
- Solana
- Ethereum
- Base
- BNB ChainPolygon
Eventually, Best Wallet plans to support up to 60 different blockchains, making it the ideal way to manage your entire digital asset portfolio inside a single app accessible from your phone.
If you struggle to keep track of your crypto, Best Wallet can consolidate it all in one place today – the app is available for download from the Best Wallet site right now. Even if you’re just looking to expand your existing crypto holdings, Best Wallet has an in-app marketplace with tons of vetted presales to buy.
Buying crypto through Best Wallet is simple. You can trade using your existing crypto assets, or top up your account with fiat using a credit/debit card. There’s no need to worry about complex seed phrases either, as Best Wallet takes care of security by protecting your wallet with Fireblocks’ MPC-CMP.
Even if you lose your phone, your digital assets can be downloaded to any other Best Wallet app. All you need to do is make an encrypted cloud backup of your wallet, which can be restored at any time. Within minutes, you’ll be able to access your crypto again and get back to trading.
⬇️ Download the Best Wallet for free today.
Best Wallet Token ($BEST) – Adding Value to Best Wallet
There’s more to the Best Wallet ecosystem than its top-notch non-custodial wallets. Enter its native Best Wallet Token ($BEST), which unlocks a bunch of extra features and ensures you get the maximum value out of buying crypto via the app.
Holding $BEST, for example, reduces your transaction fees when executing trades.
You also receive early access to the best new presales directly through the Best Wallet app, with staking options too. Through the upcoming Best Wallet staking aggregator, holding $BEST gives you the best possible APY.Don’t see the blockchain support you want on the Best Wallet app? Grab some $BEST and you’ll also have governance rights. That means being able to vote in the Best Wallet DAO on existing proposals or suggest your own features for the app.
When the $BEST token goes live, it’s expected to be in high demand due to the range of applications it has in the Best Wallet ecosystem. In the meantime, download the Best Wallet app for free today in preparation for the end of the $BEST token presale.
💰 Best Wallet users are already snapping up $BEST – the presale has already raised $16.6M+. If you buy now, you can grab $BEST for only $0.025835 but, as it’s a dynamic presale, the price will keep going up over time. While you’re at it, any $BEST you buy can be staked for up to 79% in rewards per annum.Buy $BEST today for the most value on Best Wallet.
