Trust Wallet Collaborates With Web3Auth to Simplify Web3 Onboarding Using Social Logins

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Trust Wallet’s newly deployed MPC (Multi-Party Computation) solution, powered by Web3Auth, eliminates the current requirement of a written-down seed phrase, safeguarding users from human error and a single point of failure and thus strengthening account safety and security. Users will be able to access Trust Wallet services directly and quickly using their existing Google, Apple, Telegram, and Discord accounts, significantly reducing the barrier to entry for new Web3 users.

For enhanced security and ease-of-use, users also have the option to use SMS OTP and email recovery. Currently, the MPC feature is in its beta version and will be expanded to all users in the near future.

Previously, users had only two types of choices when it came to major wallets: a custodial solution with easier access but lower transparency, or a fully custodial solution with more risk and complexity. This integration offers users additional options with the new MPC two-factor solution, enabling Trust Wallet users to simply explore the Web3 world across 70+ main blockchains in a seamless and secure way, while maintaining full ownership of their assets.

Also Read: How to Retain Brand Integrity and Ensure Brand Safety in Web3

Eric Chang, Head of Product at Trust Wallet said:

This is a significant step for us because it benefits everyone involved. Users can now enjoy an easy-to-use experience while still choosing a self-custodial wallet to manage their cryptocurrencies. By integrating with Web3Auth, we keep providing greater user experience and long-term value to boost broader Web3 adoption.

Zhen Yu Yong, Cofounder and CEO of Web3Auth said:

Lost seed phrases are just very messy business, and pose to be one of the major risks for billions of dollars in crypto losses. I believe it’s only the beginning of the long-term adoption of Two-Factor Wallets for more security in the industry, and this partnership with Trust Wallet is a massive step forward for us, in our attempts to democratize enterprise-grade MPC for everyone.

TalkMartech Bureau
TalkMartech Bureau
TalkMarTech keeps marketing leaders updated with the newest technology innovations, disruptive tech initiatives, and the most relevant MarTech-stack updates and conversations across the globe.   ·.   ·

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