11/02/2019 Singapore: LaLa World, a Singapore based FinTech organization, launched its multi- cryptocurrency wallet today. The wallet, christened ARAX, supports multiple Blockchains, coins, and tokens natively. Arax Wallet will address the absence of utility of cryptocurrencies which has impeded global adoption of these digital assets.
At launch, the Arax supports 12 cryptocurrencies spanning 6 different Blockchains and will add more every week via community voting. Arax supports Bitcoin, Stellar, Ripple, Litecoin, QTUM, Ethereum, LALA Token, 0X, Binance (BNB), Basic Attention Token, OmiseGo, and TrueUSD. Additionally, Arax offers various in-app services, including, mobile bill payments & recharges via cryptocurrencies, remittance, instant cryptocurrency conversions, send crypto nearby via GPS and single storage to multiple digital assets giving each user a true immutable ownership.
During the launch, Sankalp Shangari, CEO – LaLa World said, “Blockchain and its derivative technologies are the future of the world, where they will make one global economy, free of borders and corruption. What is missing today is mass adoption and LALA has been at the forefront of that. Arax Wallet is our next installment to this drive of change, with which the users can leverage the true potential of cryptocurrencies.”
“Using the best of technology and resources, we have created a wallet that can hold poles apart digital assets like Stellar and Ripple together. Functionalities like GPS based exchange, recharges in 140 countries, global partnerships, multiple blockchains like no other Wallet and soon to be launched multiple integrations within the Wallet, make Arax Stand apart. ”, he further added.
The wallet is believed to play a pivotal role in restructuring how the crypto community functions by introducing utility to the digital assets. The interactive interface of Arax will enable users to access the limitless possibilities.