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Phantom Introduces New Embedded Wallets to Simplify Onboarding Process

Sep 20, 2024
  1. New Features for Improved Wallet Experience
  2. Goal: Expanding Crypto Access

At the global Solana Breakpoint conference, Phantom announced the launch of new embedded wallets aimed at simplifying the onboarding process for developers and new users.

New Features for Improved Wallet Experience

Phantom’s linked wallets can also be easily navigated and integrated with various applications. New solutions include seedless sign-in, a user interface with all necessary functions, and a single Phantom account. These innovations enable the creation of safe self-wallets using only an email address and a four-digit PIN, excluding complex seed phrases.

Goal: Expanding Crypto Access

The wallet is developed based on an open-source protocol, allowing the blockchain ecosystem to audit and enhance the wallet’s source code and functionalities. This minimizes security risks by adopting a system of fully distributed keys, giving users greater control over their assets. The removal of seed phrases from the design addresses the issue of forgotten phrases, which often leads to loss of control over funds. Users will not need to download any applications or browser extensions to use wallet services.

These innovations support Phantom’s mission to improve cryptocurrency access for a wider audience. The embedded wallets offer a range of applications that will enhance the overall experience of handling digital currencies in the future.

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