Introducing global support for ERC20 tokens
With the recent cryptocurrency craze from last year, many disruptive projects came to life, and most share the same technical standard behind Ethereum blockchain tokens called ERC20. Hundreds of ERC20 tokens are out there. Now that the demand for this new kind of asset and tokens has come into the spotlight, we see 2018 as the moment for real large-scale use cases.
Today, we are proud to announce the support of ERC20 tokens. You can now buy OmiseGo (OMG), Bancor (BNT), 0x Protocol (ZRX), Eos (EOS), Civic (CVC) alongside with Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Ethereum Classic, Dash.
We are relentlessly working, to resolve one of the key problems of our industry: accessibility. There’s a lot of work left to be done on the infrastructure to improve accessibility for everyone — and you can check out why that is here.
Back in 2015, Bitit was born from the idea that everyone, even those in the most remote areas on earth, should be able to access the leading blockchain assets through a simple & intuitive platform to protect and manage their financial wellbeing.
The market is becoming more and more mature, the technology has made great achievements and we think that ERC20 tokens are going to be at the forefront of the crypto democratization.
We are now supporting 12 forward-thinking cryptocurrencies, (and these are just the beginning):
Learn more about the new added tokens
Eos: Decentralize Everything
EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.
OmiseGo: Unbank the Banked with Ethereum
OmiseGO is a public Ethereum-based financial technology for use in mainstream digital wallets, that enables real-time, peer-to-peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Designed to enable financial inclusion and disrupt existing institutions, access will be made available to everyone via the OmiseGO network and digital wallet framework, starting in Q4 2017.
0x Protocol: The Protocol for Trading Tokens
The Ethereum blockchain has become host to a variety of variety of digital assets, with more being created every month. Soon, thousands of assets will be tokenized and moved onto this open financial network. As the token space continues to develop, the need to exchange these assets will be compounded. 0x protocol will act as a critical piece of infrastructure for the token economy, allowing Ethereum smart contracts to programmatically and seamlessly exchange Ethereum-based assets.
Bancor: A hierarchical monetary system
The Bancor protocol is a standard that allows anyone to easily create completely liquid “smart tokens” that calculate their own prices & enable a single party to convert any token to another, without requiring a second party to exchange with. Thereby enabling the long-tail of completely liquid cryptocurrencies. Smart tokens hold other tokens in reserve, and can be used as decentralized token baskets (like ETFs), token changers (like shapeshift), project & protocol tokens (like GNT & REP), community currencies (like Ithacash & reward miles), and a lot of other use cases. The BANCOR network token will hold a single reserve in Ether. Other smart tokens, by using BANCOR as (one of) their reserve(s), connect to the BANCOR network. The BANCOR network token forms a monetary structure where increased demand for any of the network’s smart tokens drives up the value of the common BANCOR token, benefiting all other smart tokens holding it in reserve.
