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Trust Wallet enables FIO Addresses making it easier to transact in cryptos

Trust Wallet enables FIO Addresses making it easier to transact in cryptos

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.

Posted In: , Adoption

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Ali Martinez

Ali Martinez

Technical Analyst @ CryptoSlate

After Ali began forex trading in 2012 In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin.

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