Israel-based developer of blockchain applications, Kirobo, announced its integration with the well-known Binance Smart Chain (BSC) and the addition of blockchain guru Dr W. Scott Stornetta to its advisory board today. The company highlighted its plan to expand services in the future through the creation of a multi-chain service suite.
The integration with the hugely popular Binance Smart Chain will enhance the reach of Kirobo’s Defi applications. Moreover, Kirobo’s collaboration will facilitate the company’s goal of providing efficient services to users in the global crypto ecosystem.
The integration will provide several opportunities to the Binance Smart Chain users as they will be able to take advantage of Kirobo’s innovative products for cryptocurrency management.
Kirobo’s Undo Button has been making considerable waves in the crypto community, Having safely processed $1.7 billion worth of crypto transactions, its revolutionary ‘undo button’ is believed to have rescued $7 million in recalled transactions on the Ethereum network. In addition, the company’s P2P Swap Button provides a high level of security to direct token Swaps.
Launched in September 2020, BSC is one of the most popular services of cryptocurrency exchange Binance. BSC has already overtaken Ethereum in terms of the number of transactions per day. The integration connects Kirobo services with WBNB and BUSD, the two main gateway tokens to the BSC network. Moreover, the users of BSC can now use Kirobo’s services with a wide range of digital currencies.
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“Ethereum is a powerful platform, but as it struggles with throughput, exciting alternatives have appeared. People want to take advantage of them safely and effectively,” said Asaf Naim, Co-Founder and CEO of Kirobo. “By integrating with arguably the world’s most promising smart contract-capable blockchain, we’ve extended the reach of our services to a much broader section of the crypto ecosystem. It’s just one milestone in our roadmap towards multi-chain support for all our current and future products.”
Addition of Scott Stornetta
In the latest press release exclusively shared with Finance Magnates, Kirobo announced that the company has added Dr W. Scott Stornetta, known as one of the founding fathers of blockchain technology and cryptocurrency, to its advisory board. In the last few years, Stornetta contributed considerably towards the development of the cryptocurrency market through research and consultation. “We are honored to welcome Dr Stornetta to our team. His importance to the cryptocurrency ecosystem can’t be overstated,” said Tal Asa, Co-Founder and CTO of Kirobo.
“I’m delighted to be joining the Kirobo advisory board, and I’m very much looking forward to advising the team on the development of its products and services. I’ve had a front-row seat to the evolution of the blockchain industry and been fortunate to work with some incredibly talented and dedicated individuals over the course of the last 30 years, so when I met Asaf and the Kirobo team I immediately knew that they were doing something special. Kirobo’s offering is innovative and unique, and I’m excited to be part of its journey,” Stornetta said.
Kirobo also welcomed Nir Geffen Shimoni, Co-Founder and Managing Partner of Better Alternatives, to its advisory board.