Trust Wallet Launches WaaS to Enable Decentralized Services for Businesses

Binance plus Trust wallet banner

Trust Wallet, a popular crypto wallet app owned by Binance, the world’s largest cryptocurrency exchange, has announced the launch of WaaS (Wallet as a Service), a new platform that enables businesses to provide a variety of decentralized services to their users. WaaS allows businesses to integrate Trust Wallet’s features and functionalities, such as Web3 browser, DApp browser, decentralized exchange, and NFT marketplace, into their own applications and websites, without requiring users to download or install Trust Wallet.

Enabling users access and interaction with decentralized applications (DApps)

According to Trust Wallet’s blog post, WaaS aims to lower the barriers to entry and adoption for decentralized services, by offering a simple and seamless user experience. Users can access and interact with decentralized applications (DApps) and protocols, such as DeFi, gaming, and social media, using their existing accounts and wallets on the businesses’ platforms, without having to switch between different apps or interfaces. Users can also enjoy the benefits of Trust Wallet’s security, privacy, and interoperability features, such as biometric authentication, encrypted storage, and cross-chain compatibility.

Binance Wallet is compatible with Trust Wallet

Trust Wallet also stated that Binance’s recently launched Web3 wallet, Binance Wallet, is a product of its WaaS platform. Binance Wallet is a browser extension that allows users to connect to Binance Smart Chain (BSC) and Ethereum (ETH) networks, and access various DApps and services, such as Binance DEX, PancakeSwap, and OpenSea. Binance Wallet is compatible with Trust Wallet, meaning that users can import their Trust Wallet accounts and assets to Binance Wallet, and vice versa.

WaaS is currently in beta testing

Trust Wallet’s founder and CEO, Viktor Radchenko, said that the launch of WaaS is a milestone for Trust Wallet and the crypto industry, as it will enable more businesses and users to embrace the decentralized web.

“We believe that WaaS is the future of crypto wallets, as it will make decentralized services more accessible, convenient, and user-friendly. We are excited to see how businesses will leverage WaaS to create innovative and engaging experiences for their users, and how users will benefit from the freedom and flexibility of WaaS,” he said.

WaaS is currently in beta testing, and Trust Wallet is inviting interested businesses to apply for early access. Trust Wallet said that it will provide technical support and guidance to the selected businesses, and that it plans to roll out WaaS to the public in 2024.

Author: Chinedu Peter

Chinedu Peter is a medical student who loves writing and hopes to take his writing skills to the next level by constantly creating content revolving around cryptocurrency, blockchain, technology innovations, etc.