Arax - a Universal Crypto Wallet Launched by LALA World
LALA World, a Fintech Organization founded in Singapore, launched its multi-cryptocurrency wallet today. The wallet is named Arax and it supports multiple cryptocurrencies and blockchains. Arax Wallet is a step towards providing utility to the cryptocurrencies, the absence of which has stalled the global adoption of digital assets.
At the time of launch, the wallet supports 17 cryptocurrencies along with 7 different blockchains and vows to add more tokens to this list every week. At present, Arax supports Bitcoin, Stellar, Ripple, Litecoin, Ethereum, LALA Token, 0X, Binance, Basic Attention Token, OmiseGo, TrueUSD, Tron, EoS, DAI, Lisk, Poly, ZIL, and AE. There are various in-app services that Arax offers. These include mobile recharges and bill payments with crypto in 160+ countries and 900+ operators, remittance services, instant crypto exchange, instant crypto transfer via GPS and crypto portfolio management.
At the launch, Sankalp Shanghari, CEO & Founder of LALA World said, “Blockchain and its products technologies is the revolution of tomorrow, the tool that will establish one global economy, free of centralized control. With Arax, we have taken the first step to be a part of and accelerate this revolution. Using this crypto wallet, the crypto users will be able to leverage the full potential of cryptocurrencies. It is not just a bitcoin wallet but a wallet that accommodates all the digital currencies that unite the world and blur the borders.”
LALA World, the parent company of Arax, is a well established and continuously expanding fintech company operating in Asia. It is leveraging the blockchain technology to prompt the wave of change. It was founded in the year 2016 in Singapore. Within 3 years, the company has managed to establish its presence in 5 geographies and is steadily moving in the direction of becoming a renowned name in the Fintech domain.