Non-custodial instant cryptocurrency exchange Changelly has today announced that it has integrated the Foundation for Interwallet Operability Protocol. The integration will enable Changelly users to exchange and send cryptocurrencies to simple easy-to-read addresses.
The new feature is designed to simplify the process of interaction between users and the platform. It allows users to initiate transactions using human-readable and memorable identifiers like john@crypto. The integration of the FIO Protocol will create a usability layer that makes navigating the cryptocurrency ecosystem easier and safer for people put off by potential man-in-the-middle attacks or miscopying long complex cryptocurrency addresses.
“The last decade has been transformational in how people conceive of value and its transfer free from centralized counterparties,” said Eric Benz, Changelly CEO. “The next decade could see mass adoption of cryptocurrencies and use from people who have traditionally been excluded. However, for this to happen, the user experience will need to improve, and FIO provides the protocol for this to happen.”
“The disruptive potential of blockchain technology for financial services and other industries is one of the most misunderstood and overlooked stories of our time,” said Luke Stokes of FIO. “Although we are still at the innovator’s stage of the adoption cycle, mass adoption could arrive before we know it. For this to happen, however, there needs to be a usability layer that sits on top of the current infrastructure that anyone can feel comfortable using, and that is what our team at FIO is focused on providing.”
Changelly users can now create their own FIO address using this link and send selected coins to an FIO address instead of a long complex address. Users can also create requests, making up for one of the more overlooked cryptocurrency design flaws that require people to send assets to anonymous addresses without any record.
The FIO Protocol is a blockchain that enables easier, safer and more joyful crypto transactions on any type of token or coin. It serves as a usability layer for the entire blockchain ecosystem enabling, among other things, human-readable wallet names that replace complex public addresses, the ability to request crypto payments versus just sending, and the ability to include data, such as notes, order carts or invoices alongside crypto transactions on every blockchain. The Foundation for Interwallet Operability is an industry-guided nonprofit entity whose mission is to facilitate the improvement and adoption of the FIO Protocol. Many of the industry’s leading wallets and exchanges have integrated the FIO protocol, thereby enabling access to its capabilities for their users, who, combined, represent millions of people.
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Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto. Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 160+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggy-backing the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.
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