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Trust Wallet claimed that Binance’s newly launched Web3 wallet, unveiled during the company’s Blockchain Week, is a product of its WaaS technology.
Decentralized wallet provider Trust Wallet has announced the launch of its new product Wallet as a Service (WaaS) to boost the adoption of the Web3 ecosystem.
in one Announcement On Wednesday, the company said that WaaS was designed to provide businesses with various tools to provide Web 3 services to their customers.
“In a digital economy where decentralization is fast becoming the new frontier, we are proud to announce our Wallet as a Service (WaaS) – a groundbreaking initiative that enables businesses of all sizes to connect their users to the Web 3 space. Designed to empower with tools to engage. “Seamlessly,” the company said.
Available to both crypto natives and traditional companies
Trust Wallet said in the announcement that the newly launched product will be available to a variety of companies, including decentralized finance (DeFi) applications, centralized exchanges, and even new startups.
The company will also expand its services to corporate entities and small businesses outside the crypto ecosystem, clearly looking to expand its offering with crypto solutions designed to create customized Web 3 experiences with unparalleled ease and security. Making plans.
“With our WaaS, companies can combine the adaptability of Web3 with the operational ease of traditional platforms, creating a space where innovation and user-friendliness co-exist.”
In addition to businesses, WaaS is also suitable for individual users, acting as a seamless adoption of Web3, removing barriers that traditionally make navigation and security a challenge.
Trust Wallet claimed that Binance The newly launched Web3 wallet, unveiled during the company’s Blockchain Week, is a product of its WaaS technology.
“For companies, this means the ability to offer, for example, at a recent showcase at Binance Blockchain Week, Binance launched its Web3 wallet, a product of Trust Wallet’s Wallet as a Service technology.”
Trust Wallet invites businesses to explore their new product
Trust Wallet has invited companies that want to explore “the transformative potential of blockchain technology” to work together to achieve their goals.
“If you are a company that wants to delve deeper into decentralized applications or are an innovator eager to push the boundaries of what is possible in the Web3 domain, we are here to help turn your vision into reality. Are here.”
The company said it is deeply committed to the Web3 revolution and building an open ecosystem for all.
Meanwhile, the company’s native crypto, TWT, suffered a setback after Binance announced the launch of its new self-custodial wallet.
The token has fallen more than 12% over the past 24 hours to $1.45, according to CoinMarketCap data. However, in the past week, the digital asset surged by more than 60% after being listed on Binance Futures. The listing saw its daily volume surge from $80 million on November 6 to nearly $476 million.
Recall that Binance completed the acquisition of Trust Wallet in 2018 in a deal that included cash, Binance shares, and a portion of the BNB token. Since then, the company has been operating under the umbrella of Binance Global Holdings.
Despite owning a self-custodial wallet provider, the company released its own Web 3 wallet with the help of the team of software engineers at Trust Wallet.
Chimamanda is a crypto enthusiast and experienced writer who focuses on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed her interest in emerging economies. She combines her passion for blockchain technology with her love for travel and food, bringing a new and fascinating perspective to her work.
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