The crypto-exchange in a report gathered earlier has announced the expansion of its exchange capabilities. It is expected that this new expansion will not only add more digital assets to the firm but also improve the speed of crypto transactions on its platform. Freewallet aims to achieve the aforementioned by reducing its minimum transaction amount by 50%. Additionally, the core updates on the platform are significantly expected to improve user experience and increase the gross market capitalization of Freewallet.

Head of PR happy with the development

With the crypto space attracting new market participants in 2020, Freewallet is poised to maximize its earnings with this new upgrade. The head of PR at Freewallet, Solomon Brown, believes that this is a giant leap for the organization. He argues that the organization have always wanted an opportunity to show the world that Freewallet is the go-to place for users of all experience levels to take care of all their crypto needs conveniently. He further stressed that the organization is proud of all the new implementations in the system from the fastest exchange speeds, low transaction fees, and the best security.

Freewallet is one of the fastest-growing blockchain platforms in the world, and the organization remains one of the most sought after platform for digital asset investors. A quick look at the impact of this new upgrade which analyst believes will cement the status of Freewallets among its competitors.

The users of the wallet already enjoy the most amazing speed in the crypto space before now, and this upgrade will seek to improve the user’s transaction experience. With its support for more than 50 digital assets, users will see quick exchange speeds on popular cryptocurrencies such as BTC, USDT, ETH, LTE, XRP, and many others, of less than a minute per transaction. The company was capable of bolstering its speed by leveraging on smart exchange technology.

Freewallet will provide users with cheap services

As it is always expected that better services come at a higher price, this is not so with the Freewallet upgrade. The platform had ensured that the rates for transactions would remain the same even if the minimum transaction amount per transaction were reduced from $10 to $5, a whopping 50% decrease.

The cryptocurrency space has been overwhelmed in the last one month with increased interest from retail and institutional investors. The recent surge of investors and traders into the cryptocurrency space had ensured that the Freewallet upgrades come at the perfect time for both the company and customers. The new customers will have a good experience in a market place with high volatility and immense transaction speed.

Freewallet founded in January 2016 and was the first company to release Bitcoin Cash (BCH) and Bitcoin Gold (BTG) wallets for Android. In 2018, the company was listed as the third most popular online wallet for Android. As of 2019, the Freewallet Family includes dedicated wallets for cryptocurrencies available on Android and iOS, as well as the Crypto Wallet app with a web interface.