Users of the European cryptocurrency exchange WhiteBIT of Ukrainian origin will have access to the platform's services even in the absence of an Internet connection and from a push-button phone. This became possible thanks to the technological integration of WhiteBIT and lifecell, which combined blockchain ecosystems with communication services.
RBK-Ukraine reports this with reference to the WhiteBIT press release.
It is noted that access to the exchange ecosystem will provide using the USSD channel. This technology allows you to carry out transactions with cryptocurrency without an Internet connection.
In particular, WhiteBIT users with a connected lifecell number will be able to check the rates of trading pairs USDT, BTC, UAH, WBT, general and trading balances, view detailed information on each of the balances, send funds between balances, buy or sell existing virtual assets on trading balances, take a cryptocurrency deposit to the user's balance.
The use of this technology increases the security of transactions, since the mobile operator transmits such transactions through a secure environment, built by lifecell and WhiteBIT. This makes phishing (one of the types of Internet fraud aimed at gaining illegal access to confidential user data) virtually impossible. That is, WhiteBIT users will have reliable, stable and secure access to the services of the exchange.
“Together with lifecell, we found a solution to provide Ukrainians with access to cryptocurrency despite the lack of an Internet connection. It allows WhiteBIT users to carry out cryptocurrency operations 24/7 regardless of the circumstances. Access to exchange products will be the same as simple and familiar as the ability to write an SMS message. And it doesn't matter whether you have a smartphone in your hands or an old Nokia 3310 push-button phone. This is also a great way to support the country's economy. We not only act in the interests of users, but also prove once again: Ukrainians – a nation of indomitable people. And let all those who have not yet understood this hear: no difficulties will break us or stop us,” said WhiteBIT CEO Volodymyr Nosov.
Within the framework of cooperation, lifecell and WhiteBIT will continue to develop the Web 3.0 products and a common ecosystem to make the use of cryptocurrency more convenient and accessible for Ukrainians.
In particular, companies are already working on ensuring the possibility of replenishing mobile phones in the near future. cryptocurrency exchange and replenishment of the WhiteBIT wallet from a mobile account.
We remind you that WhiteBIT is the largest cryptocurrency exchange in Europe. Meets all KYC and AML requirements. It is among the top 2 security exchanges in the world based on Hacken's independent audit and has a AAA rating. The company has Ukrainian roots: it was established in 2018 in Kharkiv and has a team of more than 500+ specialists.
lifecell is a Ukrainian telecommunications operator that provides mobile communication and data transmission services based on high-speed Internet. The company's digital portfolio includes: multifunctional messenger BiP, secure cloud storage lifebox, mobile payment service, TV+ applications, lifecell music, etc.
As of the end of the third quarter of 2022, the active 3-month subscriber base of lifecell was 8, 2 million users.