Binance Trust Wallet Introduces Wanchain Integration for Improved Transfers
Wanchain is a protocol that supports decentralized interoperability asset transfers. Though they have been integrated with multiple entities, the latest integration they are a part of is Binance’s Trust Wallet. As Binance works to improve the services and safety of their community, Wanchain is excited about the ability to give “a secure and intuitive mobile wallet for all Wanchain users.” The company announced the integration through a Medium post on September 26th.
Trust Wallet is no stranger to integration. Along with Wanchain, there have been many others that they have decided to accept, like ERC20 and ERC223 tokens. The Trust Wallet that Binance uses was only acquired in July 2018, even though the userbase was rather small. Still, there is no way for these wallets to hold funds on their native servers, and they thrive on the concept of responsible decentralization.
However, this wallet lets users anonymously store their assets. To ensure security, the application has already been through a bank-level audit. This audit discovered additional security, in the even of theft. However, adding to the benefit, users have the option to use the wallet to get involved with decentralized application and exchanges, since it is compatible with every ERC20 token.
Anyone that uses Trust Wallet as their main storage has the option to use email and social connections to resolve any concerns as they happen. Tokens can easily be added to the digital portfolio, and they have completely control of their private keys.
Even though Binance is not a stranger to these integrations, WAN tokens are not even close to being widely accepted. They have only been integrated into two others, which include their own platform and the Portal Network iOS wallet. According to the Medium post,
“The Wanchain infrastructure simplifies the creation of distributed financial applications for individuals and organizations to access financial services such as loans, asset exchange, multi-asset ICOs, and other asset management capabilities. Wanchain 2.0 enables the cross-chain functionalities with Ethereum. Wanchain 3.0, which will launch before the close of 2018, will enable the same functionalities with Bitcoin.”