El Salvador made history in 2021 by making Bitcoin legal money, expecting it to change the financial world. However, after three years, Bitcoin use in the country has dropped by 99.96 percent due to adoption challenges.
Even though the plan did not work as expected, it opened the door for new innovations in the crypto world.
WallitIQ is a platform that uses artificial intelligence and machine learning to boost asset management. It provides features like personalized alerts, predictive modeling, automated trading, and fraud prevention, all designed to assist users in managing their digital assets securely and efficiently.
As the wave of AI-financing keeps rising, WallitIQ is taking center stage in the conversation on the future of decentralized asset management. The platform recently rolled out a minimum viable product (MVP) version of its Crypto Wallet Management Mobile App, which enables users to simulate ETH and USDT transfers to feel the pulse of its transaction process.
The version also includes a real-time crypto price tracker powered by CoinGecko, displaying market prices in the form of candlestick charts.
Presale is currently ongoing, that Early investors have successfully undergone a SolidProof audit, which speaks to its commitment to security and transparency.
The forthcoming beta launch will enable users to test its AI-driven wallet tools, with plans to refine the platform based on user feedback. Upcoming features include a QR-code-based Scan-to-Pay function and Escrow Connect, aimed at enhancing the security of peer-to-peer transactions.
Meanwhile, Bitcoin continues to dominate the crypto market, holding a 59 percent market share, as reported by Nomad Folcrum. Additionally, Jacob King has indicated that El Salvador revoked Bitcoin’s legal tender status to secure an IMF loan.
Bitcoin Remains Strong Despite El Salvador Scaling Back Adoption
Recent data by Nomad Folcrum indicates that Bitcoin continues to dominate the crypto market, capturing over 59 percent of the market share. This is an indicator of how Bitcoin is performing well despite El Salvador scaling back its use of the cryptocurrency.
Jacob King observes that El Salvador has just withdrawn the legal tender status of Bitcoin to obtain a loan from the IMF. The nation has also suspended its Bitcoin purchases, which had earlier included a Bitcoin A Day program. Though this is a dramatic policy shift, the market presence of Bitcoin has remained strong, with the trading volume up by 156 percent over recent days.
At present, Bitcoin is experiencing price volatility, trading in a weekly range of $92,876 to $105,893. Nonetheless, market analysts report that investor sentiment remains positive, with some viewing this as an opportunity to venture into other crypto investments.
At the same time, in the crypto market, interest in AI-based financial solutions is rising. Main trends include AI-based crypto wallets, offering automated transactions, predictive analytics, and improved security measures. While blockchain technology advances, there is greater interest in AI-based asset management solutions in decentralized finance, therefore impacting the future of the digital economy.
