Binance integrates Binance Pay with Trust Wallet

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Blockchain
Binance integrates Binance Pay with Trust Wallet

Binance announced the integration of its pay option with Trust Wallet on Wednesday. This feature will allow fee-free transactions between the Binance funding account and Trust Wallet. Additionally, users will enjoy an in-depth and seamless exploration of Web3. 

Enhanced transactions between both platforms

Trust Wallet stated in a publication to Coinjournal that the fusion will enhance transactions between both platforms. For example, users can move their assets from Trust Wallet to Binance funding wallet easily and freely, and vice versa. Also, it will bring Web3 closer to Binancians and Trust Wallet users.

The Trust Wallet team added that the coalition solves specific issues users encounter while transiting assets across these platforms. For example, high network fees, slow transaction time, and others. Therefore, users can now have a better user experience with these applications. 

Besides the setbacks mentioned earlier, there is the problem of multiple cumbersome steps in transferring cryptocurrencies. Here, users must enter the receiver’s wallet address, navigate between apps and select the appropriate network option to complete a transaction. Interestingly, the tide has turned for users through establishing the new initiative.

That is, users may no longer undergo the tedious process they used to. Instead, they can transact assets between both platforms through very few easy steps. Also, it comes with a perk of little to no transaction fees.

Special features contributed by the Binance Pay link 

Jonathan Lim, the Global Head of Binance, commented on the latest progress of the firm. Lim expressed how thrilled Binance pay is linking with Trust Wallet toward a similar end. He added that the fusion would break down the activities between the two services.

Jonathan further asserted that Trust Wallet was Binance’s first choice of decentralized wallet. Hence, Binance pay seeks to become the key to confluencing the worlds of CeFi and DeFi. Notably, one of the significant purposes of the liaison is to connect DeFi and CeFi so that users can experience the best of both spheres. 

The Head of Products at Trust Wallet, Eric Chang, shared his two cents on the latest coalition. According to Eric, Trust Wallet seeks to ease the exploration of DeFi and CeFi among existing and potential users. Hence, incorporating Binance pay will facilitate seamless and affordable access to Web3 by users. 

Simultaneously, the move will make for frictionless exploration of the product. Trust Wallet allows users to stash away more than 8 million digital assets, including non-fungible tokens. It is easy to use, secure and remarkable for its non-custodial policy. 

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Ifeanyi Egede

Ifeanyi Egede is an experienced and versatile writer and researcher. He has keen interest in blockchain technology, cryptocurrencies, NFTs, Web3, metaverse, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.