Trust Wallet enables FIO Addresses making it easier to transact in cryptos 🚨 This article is 5 years old...
Trust Wallet enables FIO Addresses making it easier to transact in cryptos
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Updated: Nov. 8, 2019 at 7:57 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Trust Wallet, a secured multi-cryptocurrency wallet, announced that it will enable a feature that lets its clients simplify their blockchain public addresses.
The firm will integrate FIO Addresses into its platform available for purchase to all users. FIO Addresses make it easier to transact with cryptocurrencies because it replaces the need for cryptic blockchain public addresses with an address that is formatted like: “username:domain.”
The co-founder of Ethereum Vitalik Buterin, for instance, could replace his Ethereum address, 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B, for something like “vitalik:trust” if he was using the Trust Wallet platform.
“This is a big step forward in user experience that will improve crypto usage and it is available for all coins supported with Trust Wallet,” said Viktor Radchenko, founder of Trust Wallet.
The integration of FIO Addresses will also allow users to request payments in the cryptocurrency of their choice and add metadata to transactions, such as notes, for storing purposes. These addresses can be reserved on the Trust Wallet app and will have an annual fee of 2 USDC.
Trust Wallet was originally released in November 2017 as an open-source Ethereum wallet. Now, it supports a wider range of digital assets and a browser for several decentralized applications (dApps). On July 2018, Trust Wallet was acquired by Binance to add an on-chain mobile wallet to the list of Binance services with other future integration possibilities.
“The Trust Wallet brand and team will retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance, including the broad user base and the upcoming DEX,” read the announcement.
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Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Trust (Binance’s official wallet) is a mobile wallet that supports Ethereum and ERC20, ERC223 tokens.
Viktor Radchenko is recognized as the entrepreneurial force behind Trust Wallet, a leading multi-coin cryptocurrency wallet that achieved significant acclaim for its features and user-friendliness.