BitYard is thrilled to announce its plans to integrate FIO Send into its ecosystem to allow better crypto usability for its users. With this planned integration comes the listing of the native token, FIO on the exchange.
Foundation for Interwallet Operability (FIO) is a protocol that is bridging the gap between wallets and payment processing platforms by providing a decentralised service layer of data, requests and confirmations. The protocol enables a more efficient way of sending, receiving and requesting blockchain-based value and is decentralised, secure, private, interoperable as well as e-commerce ready.
BitYard’s integration with FIO Send would allow its users to complete easier, hassle-free withdrawals and transfers of crypto using the platform in the future. The following benefit can be achieved by utilising the FIO send feature on the platform:
- Option to send/withdraw crypto using FIO handle (bob@domain) as the destination address rather than long public keys
FIO handles are human-readable, indelible and more efficient than their blockchain address counterparts, allowing for fewer errors and more accuracy during the withdrawal process. We believe this will allow users to have better experiences during withdrawals and brings better overall crypto usability.
About FIO:
FIO, the Foundation for Interwallet Operability, is a decentralized consortium of blockchain organizations and community members supporting the ongoing development, integration, and promotion of the FIO Protocol. The protocol is an open-source, decentralized usability layer solution that works across all blockchains, and uses human-readable Crypto Handles to replace the complexity, risk, and inconvenience that comes with blockchain-based transactions using public addresses.
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About BitYard:
Founded in late 2019 and headquartered in Singapore, BitYard is a leading global cryptocurrency derivatives exchange. As one of the fastest-growing exchanges, BitYard has continuously optimized and upgraded the platform and has brought many quality trading services to users worldwide. With the new corporate slogan “Grow Your Future in the Yard” BitYard will continue to help investors around the world to achieve their goals through providing one-stop financial trading services.
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