The developer of the decentralized mobile network Qlink announced the conclusion of an agreement with the Binance Cryptocurrency Exchange, within which the Binance Coin token will be integrated into its own decentralized Qlink application.
The first application, allowing users to share a Wi-Fi connection and supporting the functionality of the wallet, was introduced by Qlink in January this year at Github. It is expected that the application will appear in Google Play in April.
Under the agreement, Binance Coin will be integrated into the Qlink ecosystem in several ways. First, users will be able to store BNB in the Qlink application. Secondly, Qlink will add a BNB/QLC trading pair, so that users can buy QLC using BNB. A similar pair was launched at Binance itself this Monday. The data for the exchange of tokens inside the Qlink application will be drawn from Binance.
Third, along with QLC, users will be able to use BNB to pay for access to the network via Wi-Fi or VPN using the Qlink application.
In the future, companies intend to add the ability to pay for other Qlink services using BNB.
“Qlink stands out by a strong team of developers and solid applications. The market demonstrates an obvious interest in providing secure access to the network, especially those users who are more concerned with information security, and who are aware of the advantages of decentralized technology. Qlink is the ideal partner for the further distribution of BNB,” Binance CEO Changpeng Zhao said.
The QLC/BTC and QLC/ETH pairs were added to Binance on 26 March.
The rate of QLC against the background of this news rose by 11%.