Change, a blockchain-based mobile finance application has announced a partnership with Kyber Network, a decentralized and trustless exchange that facilitates the instant conversion of crypto-assets with guaranteed liquidity. Kyber’s protocol will be key to promote liquidity of crypto-assets in the blockchain ecosystem and improve the perception of tokens as a tradable asset class to the greater public.
Kyber Network not only tackles the liquidity and security issues of modern crypto exchanges but also eliminates delays caused by long confirmation times. It also aims to be a payment service that allows anyone to pay for goods and services in any token, while the recipients get paid in their preferred token.
The Singapore-based startup has raised 200,000 ETH in a record token sale with the launch of its own ERC20 token KNC.
Change also announced earlier in the month it would begin shipping user Change cards by the end of the month, but the team has hit some resistance to these original plans. The company said that although the development of the card functionalities was completed on its side, they are forced to delay the shipment of the first Change Cards until the next quarter, due to unforeseen circumstances with the card integrator.
Despite the card delay, the release of first usable Change digital wallet is on schedule. The team recently integrated the feedback obtained from over 500 core beta testers, which has been instrumental in its development. CryptoNinjas will update as soon as Change announces full-go its card shipments and release of the first version of its digital wallet.
The Change team said:
“Change is pleased to be Kyber Network’s latest partner in our ambitious common goal of finance without borders. The integration of Kyber’s protocol with the Change Wallet will allow more users to exchange ERC-20 tokens with very little fuss. Change users will be able to use Kyber’s on-chain, conversion services to send and receive different cryptocurrencies without ever leaving the App or using any other interface, allowing for simple portfolio management.”
Earlier this month, Change completed a rebrand with a visual identity update, on this, the team commented:
“In the sectors of banking and insurance, we are used to seeing legacy brands that have been around for a long time. Even if some of their propositions were very exciting and unique at some point, traditional financial institutions have grown to adopt a one-fits-all approach, neglecting the uniqueness of each target segment and competing directly against each other with the same offers. The result of this is a weak connection with millennials, who see financial services as mere commodities.
At Change, we want to make things differently. We understand the value of building a user-centric banking App, and we wanted our new brand to tell it right away: Change is secure, authentic, and sophisticated.”