- The company’s top executive
- And she added an important detail
Co-founder and director of customer experience Yee He confirmed information that Binance has begun tests of its own Web3 wallet.
“Currently, the Binance web3 wallet is in the testing phase, and it continues to add several blockchain. Thank you for your support.”
Recall that in April, Binance introduced the Wallet SDK tool for Web3 developers. It will help integrate third-party protocols with the Binance DeFi wallet. This will allow the Web3 teams to greatly improve the functionality and usability of their products.
Binance DeFi Wallet is built on the latest multiparty computation (MPC) cryptographic standard.. It assumes that each party in smart contracts has its own key fragment. This minimizes the risk of attacks. In addition, the future wallet will receive the full range of features of the Binance ecosystem – including Binance ID, support for SoulBound tokens, etc.
The developers are now implementing features to facilitate integration with various Binance services.. And they’re also adding new networks – as Yee He says in a new tweet.
The Wallet SDK was originally only available to close ecosystem partners. Testing requests can be obtained by contacting the Binance Business Development team. The crypto-exchange is looking for partners who will provide some intermediary services for future DeFi-Wallet users