Decentralized liquidity provider Bancor announced the launch of a wallet that allows it to perform instant crosschain conversions between Ethereum and EOS tokens. This was reported to BlockchainJournal by representatives of the project

Bancor Wallet is created on top of the BancorX crosschain protocol, which provides liquidity for more than 9,000 pairs of EOS and Ethereum tokens.

According to the developers, Bancor Wallet provides users with the ability to directly enter into smart contracts on the blockchain and control their funds and private keys. It is noteworthy that Bancor does not charge fees for converting or moving tokens.

“The functionality of the wallet is based on Bancor's new ability to move the BNT network token between blockchains. Thanks to this, any token can be instantly converted to other tokens on the network, no matter what blockchains they are built on, ”the developers explain.

Now the Bancor network has ERC20 tokens such as DAI (Maker Dao) and BNB (Binance), as well as EOS-based tokens: DICE (BetDice), IQ (Everipedia), BLACK (eosBLACK) and many others.

Wallet provides users with a free EOS account with enough resources (RAM, CPU and NET) to get started.

“Bancor’s goal is to offer a simple way to use wallets on multiple blockchains with intuitive management of tokens and embedded crosschain transactions, making it easier for users to move their assets between their favorite applications, ” said co-founder and product designer Bancor Eyal Herzog.

Earlier, on the background of the news about the integration of Bancor into the new Samsung S10 smartphone via the Enjin gaming crypto platform, the volume of daily trading operations in the network reached an 11-month high, exceeding $ 8 million.

Recall that in November 2018, Bancor announced the start of cross-platform token trading between the networks of Ethereum and EOS.

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