Scotcoin announces fee-free instant transfers

The Scotcoin Project CIC is pleased to announce the launch of its transaction fee free wallet. Scotwallet.com is now fully operational, and available for all new and existing Scotcoin holders to make use of.

The wallet has been developed as a layer 2 application on the Ethereum mainnet. Once within layer 2 all participants are able to send SCOT to any other wallet on the system at nil cost. The energy usage is negligeable, and the transaction is instantaneous.

See our video on our YouTube channel at  https://www.youtube.com/c/ScotcoinProject/

And you can access Scotwallet here: https://scotwallet.com

Temple Melville CEO of the Scotcoin Project CIC said: “ This is a huge step forward, particularly in light of the ongoing high Ethereum gas fees. You can do hundreds of transactions for free within the wallet, then take them back to Layer 1 for just one fee.”

Brian Mackay, Head of cyber security for Scotcoin, said : “ This has been tested very extensively by our own network and users, as well as third party testers. We are satisfied that it is both secure and trustworthy. It will be a huge bonus for Scotcoin holders. Users should please read the user guide first before signing up by clicking on “How it works” and the link to https://scotwallet.com/how-it-works. If you have any problems please contact us on [email protected]. We can send the user guide in word or PDF format if requested. ”

For further information:

General information:

1.The Scotcoin Project is a Community Interest Company focussed on the ethical sector and assisting the disadvantaged within the Scottish community

2. Temple Melville is available for interview.

3. The new Scotcoin website can be found at: www.scotcoinproject.com

4. Scotcoin’s social channels are listed below:

Twitter: @ScotcoinProject

Facebook: https://www.facebook.com/scotcoin 

Insta: https://www.instagram.com/scotcoin_official/ 

YT: Scotcoin Project

LinkedIn: https://www.linkedin.com/company/the-scotcoin-project-cic

Telegram: https://t.me/Scotcoin

6. Key contact:

[email protected]

7: Scotcoin is a member of both Fintech Scotland and Cryptouk.