What is Kyber?

With advancements in technology, the world is becoming borderless. But how about money? Transferring money across the globe can still be expensive and take days.

What if we made money global? What if everyone is invited to the global economy with the same financial opportunities? Cryptocurrencies like Bitcoin and Ether allow money to be accessible no matter where you’re from. Transactions are backed by the blockchain – a distributed, immutable database that removes the need to trust a middleman.

Today, there are thousands of different cryptocurrencies and blockchain applications. But it is not practical for one person to hold so many currencies. There needs to be a convenient way to exchange them. Kyber’s technology solves this problem by allowing open contribution of crypto liquidity, while any application, asset management platform, or other financial service can integrate Kyber to exchange tokens easily and support their liquidity needs. All transactions happen seamlessly on the blockchain, in a transparent and verifiable manner.

Kyber has facilitated more than $165 million worth of transactions. Over 80 applications are using Kyber and over 70 tokens can be traded. Build with Kyber, the transaction layer for the crypto economy.

Post Author: CoinCryptoNews