PRESS RELEASE. The Foundation for Interwallet Operability (FIO) celebrates the first year anniversary since the community launched the mainnet of the open-source FIO protocol. With over one-hundred and fifty thousand users and some of the industry’s leading service providers such as ShapeShift, Coinomi, AscendEX (formerly Bitmax), Liquid.com and Edge integrating the FIO protocol, the team are on course to ensure cryptocurrency transactions are simple, private, secure and joyful.
The FIO Protocol was designed to ensure the cryptocurrency user experience is uncomplicated and lays the foundation for cryptocurrency mass adoption. Long complex addresses have been replaced with user-customized FIO Addresses such as “user@fio” that enable decentralized sending, receiving and payment requests (invoices, order carts, etc.), as well as, cross-chain end-to-end encrypted metadata (the information for those invoices, order carts, etc.) that can work across all blockchains.
Luke Stokes, Managing Director, FIO: The last year has seen the FIO Protocol and cryptocurrency industry mark a number of significant milestones. Many people are predicting continued exponential adoption for cryptocurrencies over the next few years mirroring the path the Internet took towards a billion users. For this to become an everyday reality, the user experience must improve. Sending an email used to be hard. Using the internet was difficult. Prior to the creation of http, we had no usability layer to bring about the browser revolution and the World Wide Web. We are now at a similar stage with cryptocurrencies and the FIO Protocol is designed to ensure the user experience for sending digital assets is as simple as sending an email.
Within the first year since the mainnet launch, the FIO Protocol has been adopted by more than a dozen of the industry’s leading wallets ane exchanges, the FIO Token has been listed on Binance, Liquid, AscendEX, Whitebit, ChangeNow and other exchanges, and over 150,000 FIO Addresses have been registered. The FIO community is actively improving the protocol to include greater features such as FIO Staking and a FIO Dashboard to make buying, selling and managing a user’s FIO Addresses and Domain NFT’s easier than ever. As more and more institutional and retail investors begin to realize the potential benefits of blockchain application and asset allocation, the need for standardized infrastructure is only going to increase.
About FIO: 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 non-profit entity whose mission is to facilitate improvement to 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 which, combined, represent millions of people.
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