A few days ago Alibaba franchise had planned to launch their own crypto coin named as Alibaba coin. Soon after the announcement, there were various allegations and disbelief about the currency.
So in the Q2 of 2018, the ABBC foundation has decided to launch its own highly secure multi cryptocurrency HD wallet that supports eight types of cryptocurrencies such as ABBC, Bitcoin, Ethereum, Dash, Litecoin, Qtum, Litecoin, Bitcoin Cash and Ripple. It will allow the users to change from one crypto to another spontaneously. The HD wallet will also carry features like facial recognition, multi-crypto storage function, crypto trading, pin code transaction confirmation, online shopping mall connection as well as crypto payment.
The wallet users will have their own private keys, enabling the crypto holders to take accountability and full authorisation of their personal assets.
What sets the Alibabacoin’s multi-crypto wallet apart from its counterparts?
The primary advantage is that the wallet will be accessible for free download with free updates and only needs an internet connection. Another advantage of this wallet is that it is secured using advanced algorithms which prevent any risk of hacking.
Also, ABBC foundation is also one of the first to bring facial recognition into the blockchain world, which reduces any security risk with this wallet further.
ABBC Foundation connects all the applications into one database to resolve the issue of mobility. For instance, the user accounts, transactions, user details are saved in one database that is connected to one service which enables usability, versatility, interoperability, and reusability of the application. Unlike the many other wallets in the crypto market, the Alibabacoin’s HD wallet emphasises a user-friendly interface.
Alibabacoin wallet adopts and achieves the blockchain technology to offer quality assurance, smart contract transactions, peer to peer global transaction and serve as an open stock exchange platform for the users.
So far, the wallet supports 8 major coins but once launched; we might see some more coins added to the list as well.
To know more about the wallet, click on the link to visit their website.