eFIN All Set to Launch Its eFIN Bridge on Sep 6, 2021
September 04 2021 - 1:21PM
NEWSBTC
Like a phoenix rising from the ashes, eFIN is back stronger than
ever with new services and products that add value to a next-gen,
decentralized ecosystem. Among several new use cases and products,
eFIN is unveiling a tool that will increase the interoperability
capabilities of the eFIN ecosystem, and help it become a one-stop
decentralized exchange for all crypto asset trading needs. eFIN is
set to launch eFIN Bridge, a digital bridge between different
blockchain networks on September 6, 2021. With this launch, eFIN
will come one step closer to achieving true interoperability with
low fees and greater rewards. eFIN Bridge, prior to the launch, has
generated hype in the community because of its advanced
capabilities. Here’s a quick look at what eFIN Bridge offers. eFIN
Bridge eFIN has developed its native blockchain network on which
eFIN operates. eFIN in itself is a custodial multisig solution that
has native tokens and its BSC equivalents as WeFIN coins. But to
provide the users with ease of use, eFIN has developed a bridge
between eFIN native blockchain and Binance Smart Chain, turning the
ecosystem into a multi-chain solution. The eFIN Bridge ensures
to-and-fro movement of digital assets between the two blockchains,
and helps the users to take advantage of its native Bitcoin
features and smart contracts on BSC simultaneously. Another great
use of eFIN Bridge is its scalability, allowing the ecosystem to
use the Binance Bridge API to connect to more blockchains in the
future with a small fee. Starting with the Ethereum Network, eFIN
Bridge will create a 3-protocol token that will help boost its use
cases. Besides the Ethereum Network, eFIN Bridge will also link
with Bitcoin and Litecoin chains to become a universal bridge. Upon
the launch of eFIN Bridge, the capabilities of the eFIN Mobile
wallet will also be optimized, giving the users the ability to
store, trade, sell and buy their digital assets residing on
different blockchains in a single place. eFIN Bridge will open up
several new use cases for the eFIN ecosystem including the ability
to trade eFIN coins in the Binance Smart Chain. Users can simply
wrap their eFIN coin to WeFIN coin using the eFIN Bridge, and then
trade the WeFIN coins in the Binance Smart Chain. Using the eFIN
DEX will not charge users any cost. However, when users convert
eFIN to WeFIN, they have to pay eFIN network fees; and if users
convert WeFIN to eFIN, they have to pay gas fees. Soon, the company
will be unveiling its product, the eFIN Bridge, so stay tuned for
more details! eFIN Ecosystem eFIN is a revolutionary platform that
merges the boundaries of centralized finance and decentralized
finance’s functionalities. The company achieves this using a
focus-driven approach and a network of like-minded partners. eFIN
is making the use of cryptocurrencies for daily payments more
accessible, and promoting its mass adoption simultaneously. eFin
ecosystem is powered by its robust product set, including eFIN
Bridge, eFIN Coin, eFIN DEX, eFIN Swap, eFIN Mobile Wallet and
WeFin (Wrapped eFIN Coin).
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