Right after I had pushed the “Publish”-button for the latest rumour article mentioning nothing concrete happening from the user’s point of view, that article already got old since I noticed Pascal had posted a message to Discord telling there was an Update released to Bitdorado App.

By now this update should have come to everywhere in the world to Apple Appstores and Google Playstores.

What is interesting in this update is that it now includes Telos wallet in it.

So if you been wondering where to store your coins but you have felt exchanges as too insecure and real wallet as too complicated, then this would be something from the middle.

It is a very simple wallet, basically a kind of wallet I personally find very appealing, for it gives most of the security that a regular wallet offers, yet you don’t need to worry about keeping it up-to-date, but you can basically just leave it be and come 5 years later back to immediately use it again. Only drawback for me is that it is in a mobile App, for I dislike using things on Mobile phones, and prefer doing things with tabletop computers, but quite many people nowadays are exact opposite on this, hence this is probably a perfect solution for many.

This part is bit more of rumour side, but I can start seeing the picture Pascal is drawing here for us.

Now you might think this is just a handy Wallet now, but I think this is going to be part of something bigger.

Pascal mentioned in Discord that he either got it already, or was in process of getting some sort of banking right to Bitdorado in such way that he can offer FIAT Bank Accounts in Bitdorado.

Just a little bit of imagination, and you could see that Bitdorado could become your ultimate banking solution which would also include cryptos.

You could have a FIAT bank account, where you could store all your FIAT money (of every FIAT currency), and then use this account the pay your everyday bills.

Now, on top of this, you could simply choose to buy some Telos to your Telos wallet with the current exchange price, and this would happen in real time. 10 Euros becomes into 0.00001 Telos, and then when you notice your electric bill is already due, but you have no Euros (or USDs, or Yuans, or whatevers), you would simply, once again in real time, change 0.0002 Telos into 200 Euros and get electricity bill paid.

Actually, you could technically pay it even with Telos. Just put your invoice details which tells the due amount is 200 Euros, choose from a list that you wish to pay it with Telos, and Bitdorado will handle it so that it sells enough Telos to have enough Euros to pay the bill, and this all happens instantly.

Now even if you wouldnt appreciate the Telos to FIAT and back real-time conversion, for regular folks this would also work as an excellent way to make some investment money kind of thing.

Nowadays people might for example buy 100 Euros worht of Funds each month, which isnt a bad idea, but it is not simplest possible thing, and there often is for example at least 1 days, and often even longer while before you can actually get your money out of them back to use, plus you cant choose an option to pay a bill and choose to take that sum from the Fund directly.

Telos wallet and FIAT bank account in Bitdorado however opens an interesting opportunities.

The first one is obvious, you could simply put 100 euros a month always to one of the Bitdorado pools. You could, for example, buy Bitcoins instantly to your bitdorado Coin & Growth pool, and this way get a nice percentage to your Bitcoins each month, and if needed, pay a bill using Coin & Growth funds.

Another interesting possibility is that instead of having Euros in your account, you could instead decide that all your money is in cryptos all the time. That right when your boss pays you 1000 Euros, it would instantly be changed into Telos, and this way you could gain interest on the money (cryptos) that you are holding in your wallet, and then when needed to pay your everyday bills, you would use Telos to do that.

My guess is, that something like this is what Pascal is planning on achieving, and that is a pretty great idea.

Time to go to Apple Appstore or Google Playstore and search “Bitdorado App”