Crypto Project Says It Can Reverse Transactions and Recover Accounts Without Private Keys

WORBLI enables businesses and individuals to enjoy "Seamless access to financial services," and paves the way for developers to build their own applications on its network.

Firstly, users benefit from fast and feeless transactions, allowing applications on the network to operate without bottlenecks and delays - and they also have the ability to amend nefarious transactions and recover accounts, should they need to.

Its founders strike an upbeat tone by saying that WORBLI will be at "The forefront of product innovation" in these sectors and more.

Eliminating barriers to entryThe company is seeding and launching a fiat and digital currency bank known as Gamma that will provide traditional banking products for crypto customers and everyday users.

Through WORBLI, users are only going to need a single account when they are storing, buying and trading blockchain assets.

WORBLI is the first sister chain of EOS which is going to deliver a full suite of financial services and decentralized applications to the crypto world.

Describing the startup's mainnet, Domenic Thomas, the company's CEO, told Cointelegraph, "We have been in continuous communication with the EOS community, making strategic partnerships all over the world, and it's clear that a solution like WORBLI is a much [welcomed] and essential addition as a sister chain to EOS.".

Apps prepare to launchSeveral inaugural DApps are already in the pipeline at WORBLI, and these are expected to launch shortly after the network has gone live - including a charity payments application, insurance and risk transfer products, innovative exchanges, remittance, payroll services and custodian wallets.

Over time, WORBLI plans to integrate with an array of crypto wallets as well as a number of payment gateways, enabling customers to buy WBI tokens in a broader range of currencies.

Next year, the emphasis is going to remain on recruiting and retaining top talent to help drive WORBLI forward, including a "World-class executive team" to develop Gamma and its other applications further.