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CDS Crypto News Trust Wallet Launches SWIFT: A Smart Contract Wallet Facilitating Effortless Web3 Connectivity

Crypto News

Trust Wallet Launches SWIFT: A Smart Contract Wallet Facilitating Effortless Web3 Connectivity

Trust Wallet SWIFT sets a new standard for smart contract wallets, emphasizing user experience and security right from the beginning.

Ecem EFE20/02/20241 Mins read228

Trust Wallet Launches SWIFT A Smart Contract Wallet Facilitating Effortless Web3 Connectivity

Crypto News- In a significant announcement made on February 19, Trust Wallet, a well-known name in the crypto space, unveiled its latest offering: the Trust Wallet SWIFT. This new smart contract wallet is currently in beta, with its public rollout commencing just yesterday. The full-scale availability of the wallet is slated to kick off next week, starting from February 26.

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Trust Wallet Launches SWIFT: A Smart Contract Wallet Facilitating Effortless Web3 Connectivity

The Trust Wallet SWIFT is designed to harness the power of smart contract technology, promising users a seamless and secure journey into the realm of Web3. With its launch, Trust Wallet aims to democratize access to Web3 for users of all levels of expertise. Powered by Account Abstraction, SWIFT simplifies the complexities of Web3, catering to both newcomers and seasoned crypto enthusiasts. It addresses common hurdles faced by beginners, including navigating complexity, security concerns, and managing private keys, all while delivering a smooth user experience.

One standout feature of the Trust Wallet SWIFT is its innovative gas fee abstraction, allowing transactions in over 200 tokens—a remarkable 350% increase compared to existing offerings in the market.

Security Takes Center Stage with Trust Wallet SWIFT

Additionally, the wallet offers user-friendly features like one-click transactions and enhanced security through biometric-protected Passkeys, setting it apart from traditional players in the market. Trust Wallet SWIFT sets a new benchmark for smart contract wallets, placing utmost priority on user experience and security right from the outset. Security has been a top priority since its inception, with rigorous internal audits, comprehensive external reviews by industry experts, and ongoing smart contract monitoring support.

Upon its launch, SWIFT extends Trust Wallet’s multi-chain tradition by supporting seven major EVM chains known for their low costs and scalability. These include Arbitrum, Polygon, BSC, opBNB, Base, Optimism, and Avalanche, with plans for further expansion.

To incentivize users to explore the benefits of Account Abstraction, Trust Wallet has introduced gas fee discounts with TWT tokens and gas fee sponsorship in collaboration with partners during the beta testing phase.