Kirobo Makes ‘Undo Button’ Available for USDT, BNB, UNI, Sushi, Chainlink, & KIRO Transactions
Kirobo, a leading cryptocurrency solutions developer, has announced that its crypto transfer ‘Undo Button’ is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. This extends the reach of Kirobo’s solution to over 4.5 million holders of these coins.
The Undo Button solution, which has so far only been deployed for BTC and ETH transactions, is Kirobo’s first product, and allows users to reverse crypto transfers sent in error — eliminating the myriad of human error risks inherent to the execution of crypto transactions. The company plans to integrate its solutions across several crypto exchanges over the course of 2021.
Kirobo’s logic layer functions by requiring the sender to create a unique transaction code that must be entered by the recipient in order to receive funds. Until the recipient has entered the correct code, the sender may retrieve the funds at any time.
Earlier this month, artificial intelligence and cryptocurrency technology solutions provider DigiCrypts Blockchain Solutions Inc. (DigiMax) announced a strategic investment in Kirobo, geared towards expediting the release of Kirobo’s soon to be launched crypto management, custody and trading products. Kirobo also recently announced the addition of crypto pioneer Brock Pierce to its advisory board. He will provide strategic guidance around the global launch of the company’s portfolio of products. Pierce previously co-founded EOS Alliance, Block.one, Blockchain Capital, Tether and Mastercoin, and currently serves as Chairman of the Bitcoin Foundation.
Kirobo has developed a range of solutions tailored to crypto holders and merchants, designed to further improve the DeFi ecosystem. Those solutions are set for release over the course of Q2 and Q3. Elements of Kirobo’s new tech solutions have helped the company yield two highly revered grants from the Israel Innovation Authority.
Commenting on the announcement, Asaf Naim, Kirobo CEO, said: “The entire spectrum of crypto users, from entry level participants to seasoned traders, stand to benefit greatly from Kirobo’s groundbreaking Undo Button, which eliminates the risk of fund losses due to human error. As the crypto landscape continues to evolve, with mainstream and institutional involvement intensifying, this type of robust transaction safety net will become an industry centerpiece. We’ve all heard the horror stories of funds being sent to the wrong address or the wrong type of address.
At Kirobo, we want to make crypto management as seamless and secure as online banking by giving crypto users better control of their money. In doing so, we’re driving the maturity of crypto finance and strengthening the viability of blockchain technology as a store of value. In the weeks and months ahead, we will be making our Undo Button feature available to more coins, and unveiling new features that will revolutionize the way funds are handled in the wider crypto space — underlining our credentials as enablers of risk-free crypto transactions.”
The article is not investment advice and must be used for informational purposes only. It is very important to do your own analysis. You can use KIRO for utility purposes only. Israeli, Canadian, and USA citizens cannot buy KIRO.
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