openPR Logo
Press release

Exscudo wallet killer feature: synergy of accounts conversion

10-24-2017 02:13 PM CET | IT, New Media & Software

Press release from: Exscudo

After completing the EON blockchain testnet we will launch a bunch of products, united by the EON platform. One of them is the Channels wallet, decentralised, safe, fast and transparent, which is planned to be launched in Q1 2018. Within this wallet a user can have several accounts: in Bitcoin, Ethereum and other cryptocurrencies. These accounts will be operated with color coins, equivalent by value to the corresponding cryptocurrencies. For the user’s convenience we added to the wallet a “killer” feature, which enables to convert funds from one currency to another, and transfer them from one internal account to another at the rate set by the user (or at the exchange rate). And you even do not need to exit your wallet to do this!

How it works:
Channels issues a letter of credit for any color coin in EON network, and this letter goes directly to the Exscudo exchange. The exchange accepts it and conducts a conversion operation. After that color coins are transferred to the corresponding Channels account, and the balance is returned to the user’s deposit account. Letter of credit has a period of validity - if the price set by a user does not interest anyone on the exchange the operation is canceled and money is returned to the user’s account.

Example. How it works from the user’s point of view:
User N has Channels wallet with EON, BTC and Ethereum accounts in it. He wants to exchange one bitcoin for the corresponding amount of ethereum at rate 1ETH = 0.0726BTC. His order is sent to the exchange where it meets the relevant offer, and the transaction is made. Then 1 BTC is written off from the user N’s BTC account and his ETH account is credited with 13.77ETH. The balance is sent to the deposit account. The only case when this operation will not work is if user N sets the rate which simply cannot find a counter-proposal on the exchange, such as 1 BTC = 1 ETH. But even then user N has nothing to worry about: after the letter of credit validity period expires his funds will be returned to his deposit in safety.

Exscudo strives to create a platform, which unites the world of traditional finance and the cryptocurrency market. Our main goal is to create an easy-to-use, fast, legal, and secure access to the cryptocurrency market for every person with access to the Internet and credit card.

Tallinn
Merirahu 58

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Exscudo wallet killer feature: synergy of accounts conversion here

News-ID: 783336 • Views:

More Releases from Exscudo

Announcing The First Active EON Tokens in Exscudo Channels App
Announcing The First Active EON Tokens in Exscudo Channels App
Today is a special day for Exscudo, when we take next steps towards a fundamentally new reality. Token Distribution Event is a stage, when thousands of users around the world get EONs to open the gates of innovations. On May 25 we distribute investment and bounty tokens to investors ICO accounts in Exscudo Exchange main version. We want to give our users an opportunity to make their first transactions –
Exscudo launches the first app to combine crypto wallet and messenger
Exscudo launches the first app to combine crypto wallet and messenger
Exscudo is excited to announce our newest great product Exscudo Channels App which is the first app combining payment and communication functionalities on the global market. It is a tool for sending money and messages from any mobile device, outreaching every existing payment and communication solution. Exscudo Team has taken the best blockchain practices to provide you with ultimate security and reliability of Channels App. The Exscudo Team developed Channels App as
EON Mainnet Launched!
EON Mainnet Launched!
Exscudo Team is happy to announce that we have reached an important milestone by launching the EON Mainnet for our users. It is the most waited mainnet launch for the year 2018. We’re thrilled to report the Mainnet has been a complete success. The following services: registration portal, blockchain explorer and monitoring page are available from now on. Currently, registration to Mainnet requires SMS verification. This big launch brings even more
Exscudo rolling out: global update
Our team is proudly presenting you the results of our work on Exscudo beta exchange. We are launching a big update, including a new interface and more advanced features. You can test beta version of Exscudo exchange HERE: https://test.exscudo.com/#/signin The following features were added on the exchange: • New quotations interface. Now you can see more information in quotation field: last price for a currency pair, 24-hour trading volume and 24-hour price change. • Now

All 5 Releases


More Releases for BTC

Bitcoin (BTC) Plummets, BTC Holders Earn $9K Daily Through Contracts
Bitcoin whale dumped 24,000 BTC, triggering a market crash that sent the price plummeting by $110,000. Depressed market sentiment led to the liquidation of numerous leveraged long positions, triggering a sell-off among retail investors. At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of falling Bitcoin prices and help Bitcoin holders generate daily returns. What is GoldenMining? GoldenMining is a platform that provides computing services to
$43,000,000 USD / 1 BTC
Go VIP Worldwide Secures $100,000 USD FDIC-Backed Loan Against Bitcoin Holdings To Further Accumulate More BTC. MIAMI BEACH, FL - On July 29, 2025, Go VIP Worldwide-a privately held company solely owned by entrepreneur Matthew Barnes-executed a strategic $100,000 loan against its Bitcoin holdings through an FDIC-insured bank. The entirety of the loan was immediately redeployed into additional Bitcoin acquisitions. This move underscores a deliberate divergence from the leveraged Bitcoin accumulation strategies
EarnMining app brings stable daily BTC rewards regardless of BTC price fluctuati …
Although market forecasts suggest substantial growth, Bitcoin's history reminds us that every surge is often followed by significant pullbacks. The cryptocurrency market is inherently volatile, and investors often find themselves trapped in a cycle of emotional buying and panic selling. EarnMining: Turning Bitcoin into a Daily Revenue Stream EarnMining offers a smarter alternative to traditional HODLing. Rather than waiting for Bitcoin's price to rise, users can convert their idle BTC into a
Whale Sells 80,000 BTC, Sparking Panic: SunnyMining Launches BTC CloudMining Con …
A major early Bitcoin whale recently liquidated 80,000 BTC at a market high, triggering volatility and unease among BTC holders. While institutions continue to accumulate, ordinary Bitcoin holders are increasingly focused on one key question: how to earn steady income from BTC holdings without selling. From Holding BTC to Earning Daily Returns Despite BTC's price fluctuations, SunnyMining now offers a new way for users to earn daily passive income-without trading or market
BTC Capital Group Review (btccapitalgroup.com) - Bitcoin Trading Performances
BTC Capital Group is a Forex Broker specialized in Crypto Investments. Official Website: https://www.btccapitalgroup.com/ Bitcoin news: Bitcoin surpasses $50,000 for first time ever as major companies jump into crypto. Tesla’s recent $1.5 billion purchase of bitcoin sparked speculation over whether other major companies would follow suit. Bitcoin hit a record high of more than $50,000 on Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies. Individual Traders can take advantage
BTC Capital Group - Build your Capital with Cryptocurrencies
BTC Capital Group is a international platform specialized in Crypto Currencies and Live Investing. Crypto Investments specialized website: https://www.btccapitalgroup.com/ BTC Capital Group provide investors with exchange and trading software solutions to operate professionally on the real-time markets: The Fox Trading platform multi-devices Access and the new Fox WebTrader to invest in Crypto instantly from any internet browser or device. Dedicated market Analysts support, daily technical analysis and forecasts for Cryptocurrencies. BTC Capital Group is