Key Takeaways
- Trust Wallet introduces SWIFT, a smart contract wallet designed to ease entry into blockchain and DeFi for new users.
- SWIFT focuses on user-friendly features such as one-click transactions and biometric security.
Trust Wallet has launched a trial of SWIFT, an upgraded smart contract wallet enhanced to attract newcomers to blockchain technology and decentralized finance.
Open to the public, SWIFT represents Trust Wallet’s ambitious vision to be a trendsetter and provide simple, secure Web3 accessibility to the industry’s mythical next billion users.
SWIFT is built on Trust Wallet’s market-leading mobile legacy.
Well-known among seasoned cryptocurrency adopters, Trust Wallet already serves as the industry’s leading mobile self-managed wallet solution with over 80 million users globally. The company’s customer loyalty comes in part from its multi-chain agnosticism, linking assets across a decentralized distributed ecosystem.
However, CEO Eowyn Chen and team recognized the onboarding hurdles that hindered cryptocurrency migration beyond niche power users. Addressing the perceived complexity and safety concerns of key and asset management has created a bottleneck for mainstream towing.
According to Chen “We are excited to leverage our pioneering role in the Web3 wallet industry to spread Account Abstraction (AA) technology to a wider audience. Staying true to our mission to build a seamless and open Web3 hub for mass adoption, we are continuously working to improve the security and onboarding experience, especially for new Web3 users. By integrating AA technology with a practical yet secure key management solution, we expect to preempt a surge in Web3 adoption and significantly upgrade the user experience with a potential bull market just around the corner.”
SWIFT overhauls UX and security to accelerate adoption.
It is a bridge to Trust Wallet that provides distributed participation even to beginners through user-centered design. SWIFT Wallet integrates enhanced experiences such as one-click transactions, biometric login protection for your keys, and dynamic gas fee payments of up to 350 tokens.
By abstracting away cumbersome account management, you can enable plug-and-play Web3 navigation without tripping over your shoelaces. SWIFT provides guardrails to keep newcomers safe and a space for discovery.
And visual scrutiny integrates comprehensive threat monitoring into your wallet protocol without compromising security. In addition to the internal review, external auditors Halborn and Certik examined SWIFT’s defenses against technical deficiencies and potential cyberattacks. Integration with Ancilia also enables rapid response to new risks.
Path to adoption through accessibility and assurance
SWIFT Beta incorporates the core design principles of accessibility and scalability that define Trust Wallet’s user-centric approach. It currently supports 7 major EVM-compatible low-cost blockchain networks, including Polygon, Arbitrum, Avalanche, and more. More integrations are planned in the future.
By leveraging a variety of protocols optimized for scalability and cost, Trust Wallet enables seamless asset movement and decentralized app usage across an evolving multi-chain ecosystem.
The fusion of an enhanced user experience and institutional-grade wallet protection is intended to finally deliver on cryptocurrency’s long-standing promise of financial access and control for everyone.
Trust Wallet seeks to extend its functionality across higher-level protocols and devices to meet users wherever they are in their web3 journey. Along with Android and iOS phones, SWIFT can be integrated with the Trust’s fast-growing web and hardware wallet segment, which has over 80 million users globally.