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Cryptocurrency News Articles

SUI Net Inflows Outpace Solana & Ethereum Combined, SafePal Partnership Brings CeDeFi Wallet to Telegram, Plus Wallet Redefines Mobile Crypto Management

Nov 07, 2024 at 02:09 am

SUI has recently captured attention with net inflows of approximately $24.3 million, outpacing Solana and Ethereum combined. But it’s not only tokens vying for interest—crypto tools are also pushing the boundaries.

SUI Net Inflows Outpace Solana & Ethereum Combined, SafePal Partnership Brings CeDeFi Wallet to Telegram, Plus Wallet Redefines Mobile Crypto Management

Amidst the dynamic cryptocurrency landscape, several notable updates have recently emerged. Here's a closer look at some of the most significant developments:

1. SUI Net Inflows Outpace Solana & Ethereum Combined: In a remarkable development, SUI has recorded net inflows of approximately $24.3 million, outpacing the combined net inflows of Solana and Ethereum, which saw around $10 million and $9.7 million, respectively. This significant inflow might be attributed to growing interest in SUI's scalable blockchain approach, particularly its parallel transaction execution and zkLogin features.

2. SafePal's Visa Partnership Brings CeDeFi Wallet to Telegram: Continuing its strategic partnerships, SafePal recently announced the launch of the Mini Wallet App for Telegram users, marking a new phase in the SafePal partnership. The app introduces CeDeFi (centralised-decentralised finance) features that combine regulatory compliance with crypto convenience. Developed in line with Swiss FINMA standards, it enables Telegram's vast user base to set up compliant bank accounts within the messaging app.

3. Plus Wallet: Mobile-First Crypto Management with Cross-Chain Support: Designed to revolutionise crypto management on mobile devices, Plus Wallet is a next-generation crypto wallet available on both iOS and Android. By consolidating all essential functions into one app, Plus Wallet removes the need for multiple wallets or platforms, making crypto management easy and accessible from anywhere.

Plus Wallet also boasts another powerful feature: cross-chain functionality. This capability allows users to manage and transact across blockchains within a single app. Users can hold, swap, and interact with multiple cryptocurrencies—such as Bitcoin, Ethereum, and more—all in one place. By supporting diverse assets without requiring multiple wallets, Plus Wallet makes navigating the complexities of different blockchains smooth and straightforward.

Plus Wallet enhances ease of use with a unique rewards program, allowing users to earn crypto rewards by swapping or referring new users. Combining convenience, cross-chain support, and added incentives, Plus Wallet offers a reliable, versatile solution for anyone looking to manage digital assets confidently.

These updates from the crypto world highlight the continuous innovation and diverse approaches being undertaken to enhance accessibility, cater to user needs, and advance the adoption of digital assets.

News source:techpoint.africa

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