Creditcoin launches EVM-compatible mainnet and CreditWallet app to enhance financial inclusion

From Investing.com

August 28, 2024 10:30 AM:

Creditcoin, the foundational L1 blockchain, launched an EVM-compatible mainnet to enhance global financial inclusion. The upgrade allows easy migration of existing dApps and smart contracts, reducing costs associated with cross-chain operations. The introduction of a Universal Smart Contract layer streamlines secure interactions across blockchains without the need for bridging.

New CreditWallet mobile app simplifies cross-network transfers between Creditcoin’s EVM and Substrate chains, offering a user-friendly interface for seamless asset management. Existing Creditcoin Classic users will have token balances transferred based on a snapshot taken on August 21, 2024, with opportunities to explore new staking options through the updated dashboard.

Creditcoin is a foundational L1 blockchain creating a public ledger of credit transactions and loan performance for cross-chain credit markets. Partnering with fintech lenders like Aella, Creditcoin aims to secure capital financing, build credit history, and facilitate trust for underserved financial customers worldwide based on the principles of RWA.

Read more at Investing.com: Creditcoin Mainnet Launches with EVM Compatibility and New CreditWallet App By Chainwire