,

BIFROST launches new Biport multichain DeFi wallet

BIFROST has today announced the launch of its Biport wallet which is designed to give users access to multichain decentralised finance. Users will be able to manage all their cryptocurrencies on different blockchains on one wallet.

Source: cryptodaily.co.uk

BIFROST has enabled true multichain connectivity with the release of its Biport wallet. The wallet gives the ability to connect to multiple blockchain networks and will support Bitcoin, and cryptocurrencies on the Ethereum, Binance Smart Chain, Avalanche, and Klaytn networks.

As more new users onboard into crypto there is a need for platforms that are secure and that allow these new users access to true variety of cryptocurrencies across blockchains.

The Biport wallet is the BIFROST answer to this need. The wallet will allow users to send, receive, and store a wide range of cryptocurrencies.

Biport wallet also supports MetaMask, which is arguably the most widely used wallet in use today. This will enable users to interact with all dApps supported by MetaMask.

Dohyun Park, CEO & Co-Founder of BIFROST, said of the Biport wallet launch:

“Blockchain has changed the fabric of our financial system in less than a decade. Yet despite the compelling advantages of the technology, there are still many inherent challenges that hold it back from achieving its true potential. As we envision a truly interoperable DeFi landscape, the launch of Biport Wallet marks an important milestone in fulfilling our mission of providing efficient, convenient, yet secure DeFi products for all users — whether it’s early adopters, advanced traders, or new users.”

Park added:

“At BIFROST, we are committed to developing innovative products that not only solves the pain points for users looking to participate in DeFi, but also engineer reliable products with security and scalability in mind. As we continue to create a multichain decentralized infrastructure that allows capital to flow seamlessly across blockchains, our innovation will not stop here — with Biport Wallet as a gateway to crypto, DeFi, NFTs, and GameFi, we will continue to bring the latest developments and the best features to our users, bringing the best multichain experience for all users,”

BIFROST will also integrate the Biport wallet with all its BIFROST and BIFI products over the next few months.

Leave a Reply