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.
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.
Posted In: Binance, Adoption
“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.