Crypto Wallets
Simplifying Crypto Adoption for Masses
Wednesday. July 10 at 3:30 AM
1 min. readTo bring the first billion mainstream cryptocurrency users onto the blockchain, user-friendly applications are essential. The current onboarding process is complex, hindering mass adoption, as stated by Coinbase's Chintan Turakhia. He highlighted issues like setting up wallets, transaction fees, and the need for specific tokens. Coinbase, a major exchange, introduced a smart wallet with simplified features like easy sign-ins and sponsored gas fees. Turakhia emphasized the importance of consumer apps utilizing blockchain for daily use, citing the success of Hamster Kombat on Telegram. This game attracted millions of users rapidly, showcasing the potential for mass adoption. By focusing on enhancing user experience and accessibility, the crypto industry aims to overcome barriers and attract a broader audience amidst discussions of potential impacts of financial crises on the market.