Hello everyone! Let’s talk more about Universal CryptoWALLET™ and CryptoTRANSFER™ Blockchain Service, the first blockchain applications crafted by our team and powered by IBA™ Flash Network.
When developing the first IBA™ implementations, we at Splend decided to specifically focus on the financial market and find solutions to improve its bottlenecks.
First, we targeted digital peer-to-peer transfers. By 2021, international digital P2P transfers conducted via mobile and online platforms will exceed $300 billion globally, and users will need cheap, fast and easy ways to make transactions. At the same time, security remains one of the weakest areas of the whole crypto industry: the biggest cryptocurrency hacks and thefts reached approximately half a billion dollars in damages to crypto owners. So, our aim was to improve users’ experience by offering zero fees, fast P2P crypto transactions, and ensure the security of their crypto funds. We have achieved these goals by offering the Splend Universal CryptoWALLET™ and CryptoTRANSFER™ Blockchain Service.
How is UCW™ different from other crypto wallets?
Universal CryptoWALLET™ (UCW™) is the interface to the various blockchain applications that will potentially run on the IBA platform (see Appendix 1). It stores public and private keys and interacts with the Ethereum blockchain to enable users to send and receive digital currency. With UCW™, users can store, send and receive all ERC20 compatible tokens.
The key characteristic of UCW™ is the industry’s first 12-level security shield, which includes the user’s dashboard password, user’s private key, and Splend’s private key (see Appendix 2). Such multi-level protection guarantees that the wallet is protected from any malicious attempts. We can proudly say that our team has created the most secure crypto wallet now available in the market. Splend’s fully reliable and phishing-proof blockchain network enables a worry-free personal finance experience.
The process of signing up for the Splend Universal CryptoWALLET™ is very fast and effortless. It takes only few seconds, and all that is required is an email address. The app is user-friendly, supports iOS, Android, and web browsers, and can be downloaded on the official Splend’s website.
How to create one? Here are three simple steps:
1. Enter the user’s email address.
2. Splend will send an email link to confirm the user’s email address.
3. After that, the user can proceed to create his dashboard password.
Splend Universal CryptoWALLET™ is created. Well done!
Revolutionary Splend’s Verified ID
Another important UCW™’s feature is Verified ID (VID). Since both the user’s private key and Splend’s key must be used for transaction confirmation, we have developed VID in case all Splend servers are shut down globally. In order to be verified, the user will need to provide a form of ID such as passport number, Social Security number, or driver’s license. Once a VID is issued, this information is stored on the blockchain. After the VID is issued, it can never be issued again for the same Splend Universal CryptoWALLET™. It allows the user to withdraw all crypto funds from the UCW™.
A personal Telegram assistant
For a seamless user experience, we also introduce the Splend IBA™ Telegram Bot. It allows Splend’s UCW™ features to run inside Telegram in both inline and keyboard modes. You don’t have to spend hours waiting in banks, now you can manage your account 24/7 from anywhere via Telegram.
CryptoTRANSFER™ Blockchain Service
Understanding the growing blockchain adoption and the demand for fast and secure transactions, our team has developed the Crypto TRANSFER™ Blockchain Service for unprecedented, near-instant crypto peer-to-peer transactions. We intend to support all ERC-20 tokens, BTC, and BCC. A small transaction fee is Splend’s strong side in this case as well. For example, when both sender and receiver use the platform, we don’t charge a fee, and the confirmation will be sent instantly through a secure, proprietary blockchain network.
Splend’s CryptoTRANSFER™ Blockchain Service includes:
- Blockchain to blockchain — send tokens from an external wallet into Splend’s wallet
- Blockchain to blockchain — send tokens from an external wallet to another external wallet
- Off-chain to blockchain — send tokens from a Splend wallet to an external wallet
- Blockchain to off-chain — send tokens from an external wallet to Splend’s wallet
- Off-chain to off-chain — send tokens from a Splend wallet to another Splend wallet
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The advantage of Splend’s solutions is their cross-platform accessibility. The user can access his digital funds worldwide from any device and spend, transfer and receive crypto quickly, easily and securely.
Appendix 1 — UCW™ Features
Appendix 2–12 levels of UCW™ security
To learn more about IBA™, request a copy of the White Paper on ourwebsite.
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