Wanchain (WAN) Support Added to Binance Trust Wallet

Cryptocurrency wallet Binance Trust users will enjoy wallet support for Wanchain, the decentralized interoperability asset transfer protocol, as stated on an announcement on Sept. 26.

As announced, the integration combines Binance’s secure mobile offering with Wanchain’s cross-blockchain payments solution. With the addition, Wanchain joins an exhaustive list of cryptocurrencies supported by the Trust Wallet–including obscure ERC20 and ERC223 tokens.

Malta-based Binance acquired Trust in July 2018 for an undisclosed amount, with many batting an eyelid on the latter’s lack of userbase. However, Trust Wallet is committed towards responsible, decentralization asset management and does not hold funds on native servers.

Instead, it allows the anonymous storage of crypto-assets via an Ethereum-based wallet on the user’s mobile phone. Additionally, the application is said to have undergone a “bank-level” audit, which can be accessed here.

The audit helps generate trust in the integrity and safety of the wallet application. At the user end, an additional level of security is provided to protect against theft of phone – such as personal biometric login and mandatory pin to access.

Another exciting feature of Trust Wallet is of allowing users to interact with decentralized applications (dApps) and exchanges (DEXs) seamlessly, due to its vast support of all ERC20 tokens.

The development is the third crypto-wallet to support WAN tokens, with only Portal Network’s iOS wallet and Wanchain’s WanWallet being the two other dedicated wallet offerings. The former allows users with a Wanchain Name Service feature that, similar to Ethereum’s Domain Name Service, will enable users to transact WAN by using “yourname.wan.”

Meanwhile, Wanchain continues to develop its ambitious platform. The interoperability feature aims to simplify modern finance by providing fast settlement of loans, asset exchanges, multi-asset ICOs, and other asset management capabilities.

Currently, Wanchain 2.0 extends the cross-chain functionalities for the Ethereum blockchain, but come Wanchain 3.0, and the same features shall be extended for Bitcoin and related applications.

Mentioned in this article

Wanchain Ethereum Bitcoin Binance Trust Wallet

Ad

Bitget Announces Strategic Collaboration with SunPump on Growth of Tron Meme Ecosystem

Ad

CryptoSlate on Substack cryptoslate.substack.com

Stay ahead with crypto's key news and insights. Delivered directly, every day.

Join 90k+ subscribers

Latest Malta Stories

OKX chooses Malta as MiCA hub to serve 450 million EU residents

Exchanges 5 months ago

OKX said it selected Malta to leverage the country's high regulatory standards.

First regulated Maltese project to integrate blockchain-based AI services with Belgian retail chain

Adoption 4 years ago

The first Malta VFAA-regulated blockchain project VAIOT this week signed a deal with one of the leading retail shop networks in Belgium, SupraBazar, to use its blockchain-based AI voice commerce solution within the retail e-commerce platform. The integration, expected to be fully rolled out by Q3 2021, will begin with a Proof of Concept project […]

OKEx pushing for global cryptocurrency exchange standards through self-regulated organization

Regulation 5 years ago

OKEx launched an initiative to develop a global compliance standard for cryptocurrency exchanges. This will be done through a self-regulated organization whose members will work together to define and adopt these standards. OKEx leads the way for global exchange standards The lack of worldwide standards for regulating cryptocurrency exchanges has been a persistent problem in […]

Five upcoming crypto and blockchain events worth attending

People 6 years ago

Regardless of how cryptocurrency prices are performing in the open marketplace, there is much going on behind the scenes. Whether its interest from innovative startups, blue-chip companies or national regulators–the blockchain industry is as hot as ever. As such, this year is once again going to be jam-packed with top-grade cryptocurrency and blockchain technology conferences. […]

Latest Ethereum Stories

Coinbase believes tokenization, DeFi will be key themes in 2025 amid pro-crypto policies

Analysis 9 hours ago

Stablecoins and ETFs are also seen by Coinbase as hot topics shaping the crypto landscape next year.

SEC Commissioner predicts early improvements for crypto ETFs under new leadership

Regulation 12 hours ago

Changes such as staking for Ethereum ETFs and in-kind redemptions for Bitcoin products will likely to happen early on, says Hester Peirce.

Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated

Analysis 20 hours ago

Traders across the market saw significant losses in the wake of Fed's latest monetary policy update.

21shares registers Polkadot trust in Delaware in preparation for ETF

ETF 1 day ago

The filing is a potential DOT-indexed exchange-traded fund, a part of a wave of new ETFs expected by analysts.

Latest Press Releases

View All

Gud Tech, Zircuit’s First AI Fair Launch, Surpasses $9M in Staking Value

Chainwire 10 hours ago

Binance Futures Launches CGPT/USDT Perpetual Contracts

Chainwire 10 hours ago

O.XYZ Launches OSOL100 AI Index – The S&P 100 of Solana’s AI Ecosystem

Chainwire 10 hours ago