Tel Aviv-based Kirobo, a cryptocurrency solutions developer, has announced that its crypto transfer "undo button" is now available for transactions involving UNI, Chainlink, BNB, USDT, Sushi coin, as well as its native utility token KIRO. This extends the reach of Kirobo's solution to over 4.5 million holders of these coins.
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The "undo" solution, which has so far only been deployable for BTC and ETH transactions, represents Kirobo's first product, and allows users to reverse a crypto transfer sent in error − eliminating the myriad of human error risks inherent to the execution of crypto transactions. The company plans to integrate its solutions across several crypto exchanges over the course of 2021.
Commenting on the announcement, Kirobo CEO Asaf Naim said: "The entire spectrum of crypto users, from entry level participants to seasoned traders, stand to benefit greatly from Kirobo's breakthrough transaction 'undo' feature, which eliminates the risk of fund losses due to human error. As the crypto landscape continues to evolve, with mainstream and institutional involvement intensifying, this type of robust transaction safety net will become an industry centrepiece. We've all heard the horror stories of funds being sent to the wrong address or the wrong type of address, or in many unfortunate cases, wallet addresses that are simply missing one digit."
