Currently, digital wallets have become influential in our daily lives, serving as tools that facilitate our lifestyles, reduce physical contact, and assist in making payments for goods, services, and various expenses conveniently and quickly. There are various types of digital wallets, including Crypto Wallets, Mobile Wallets, Web-based Wallets, and Browser Extension Wallets, each with its own operating principles and functions.
Currently, the most popular type of digital wallet is the Mobile Wallet, often in the form of a Mobile Banking Platform. It's like having a bank in the palm of your hand, allowing you to perform transactions without needing cash. According to the Prachachat news agency, Thai people's behavior has shifted towards using Internet & Mobile Banking, with an increase of over 30%. This has resulted in a decrease of 12% in volume and 25% in value of cash withdrawals over the past 5 years (data as of April 2, 2024).
However, this type of transaction still uses an internal network system that relies on intermediaries like banks. With the increasing widespread use of blockchain, there's a high possibility that it will bring about significant changes to the traditional financial and banking systems.
Conducting transactions through the blockchain with a Crypto Wallet as a tool for storing digital assets, powered by blockchain technology working in the background. Examples of Crypto Wallets popularly used in Thailand include Bitkub NEXT, Metamask, Exodus, Trezor, and others.
This article will take you on a deep dive into Bitkub NEXT, a digital wallet. We'll explore what it is, its functions, and what you can do with it.
What is Bitkub NEXT?
Bitkub NEXT is a digital asset wallet developed by Bitkub Blockchain Technology Co., Ltd. It was launched on May 7, 2021. It can connect and interact with Decentralized Applications (dApps) and participate in various activities on Bitkub Chain. It can be accessed through the website app.bitkubnext.com and used via the application on Google Play Store and iOS.
Bitkub NEXT Functions
Bitkub NEXT is designed to be user-friendly and has undergone rigorous system testing. It operates on Bitkub Chain, with the advantage of working on a decentralized and distributed system through the underlying blockchain technology. This allows users to verify transactions through BKC Scan when transferring digital assets.
1. Digital Asset Management
You can receive, transfer, and store digital assets that operate on the KAP-20 and KAP-721 standards. These are smart contract development standards on Bitkub Chain developed by Bitkub Blockchain Technology Co., Ltd., providing developers and users with confidence and trust in the ecosystem's security.
The KAP-20 standard is used to develop tokens for various projects on Bitkub Chain, such as KKUB, KUSDT, KBTC, LUMI, DK, and more. You can receive, transfer, and store these tokens in other digital asset wallets like Metamask or others. This new format will make it easier for you to understand the process and use it more conveniently.
2. Connect with Bitkub Chain dApp
Bitkub NEXT serves as the key to using Decentralized Applications (dApps). You can use Bitkub NEXT to connect and log in to various dApps within the Bitkub Chain ecosystem and its partners. This includes Bitkub NFT, Bitkub Chain Staking Platform, Dropzone, Bitkub Chain Bridge, Morning Moon Village game, KUB Name Service, and many other projects.
3. Loyalty Platform
Loyalty Platform is a feature on Bitkub NEXT where users can redeem various privileges from Bitkub Chain's partners.
You can use KKUB coins to exchange for vouchers from various brands to receive special privileges such as insurance discounts from Tip Insurance or hotel bookings through Ascend Travel and more.
Start using Loyalty Platform at: https://app.bitkubnext.com/loyalty
How to register Bitkub NEXT account
Bitkub NEXT is designed to meet the needs and be suitable for all types of users. You can easily sign up for Bitkub NEXT with just a mobile phone number in a few simple steps, as follows:
Download and install the Bitkub NEXT app. Then, register your user information using your mobile phone number or email. Please read the "Terms of Service" and "Privacy Policy" and then click "Accept".
Verify ownership of your mobile phone number and email by clicking "Request Verification Code" in the message box. Then, enter the one-time code sent to your mobile phone number and email into the message box in order, and then click "Confirm".
Set a 6-digit PIN Code for future logins. If you are using the Bitkub NEXT app on your mobile phone, you can set privacy settings to secure your Bitkub NEXT usage with Face ID and Biometric (fingerprint).
Congratulations! Your Bitkub NEXT account is ready to use.
Conclusion
You probably now understand that Bitkub NEXT has many features and advantages, such as:
Conducting transactions and storing digital assets like tokens and NFTs.
Connecting to dApps on Bitkub Chain.
Redeeming rewards through the Loyalty Platform.
Easy registration with just a mobile phone number or email.
Logging in without needing a Seed Phrase, just using your email and mobile phone number.
If you're ready to enter the world of Bitkub Chain, you can start signing up for Bitkub NEXT at app.bitkubnext.com, a platform designed to seamlessly connect with the Bitkub Chain ecosystem.
Risk Warning:
Digital assets are risky. Please study and invest appropriately according to your acceptable risk level.
Bitkub NEXT is a Non-Custodial Wallet service provider that is not a business operator under the supervision of the SEC.
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