As a seasoned researcher with a background in blockchain technology and digital assets, I have witnessed the evolution of cryptocurrency wallets over the past few years. The latest development that has caught my attention is the rebranding of XDEFI to Ctrl, a new non-custodial wallet designed to simplify onboarding into Web 3.0 and enhance user experience.
Expert: XDEFI, a Web 3.0 wallet, is undergoing a rebranding process and will be known as Ctrl moving forward. This transition comes with an emphasis on facilitating a straightforward experience for new users, aiming to make their entry into the world of Web 3.0 smooth and uncomplicated. The beta version of the revamped Ctrl wallet is slated for release in August.
XDEFI, Now Ctrl, Wallet Focuses on Providing Wholesome User-experience
Approach: With over 90% of cryptocurrency users currently off the blockchain, XDEFI, now known as Ctrl, aims to cater to this significant population. Its newly designed non-custodial wallet is intended to be a comprehensive solution. Notably, it enables crypto holders to delve into the realm of Decentralized Finance (DeFi) and Web 3.0 possibilities.
Ctrl encompasses a fusion of Web 2.0 and Web 3.0 features as it uses the capability of the former to address the pain points of the latter. The Ctrl wallet abstracts the need for gas fees on every chain, thereby providing frictionless onboarding and enhanced user experience. Compared to other Web 3.0 wallets, Ctrl offers support for more blockchains with 1,800 networks integrated into it.
The CEO of XDEFI, Emile Dubié, firmly believes that self-custody is a fundamental right for individuals. As a provider of digital wallets, it is XDEFI’s duty to ensure this right is both secure and accessible to all. In Dubié’s perspective, people should not encounter any obstacles when it comes to having complete control over their financial assets. They deserve an experience free from the complications often encountered with traditional cryptocurrency wallets.
“Currently, we hold the title for having the most extensive cryptocurrency network among wallets. Over the past year, we’ve focused on creating an user-friendly experience based on this technical edge, making our products as simple and effective as popular apps such as Revolut. Ctrl aims to be the go-to solution for bringing in large numbers of new users, regardless of their familiarity with crypto,” Dubié stated.
Ctrl Promises Users Top-notch Security
With Ctrl Wallets, you can eliminate the requirement for storing seed phrases by utilizing social login instead. This feature allows Ctrl wallet to ensure secure authentication through platforms like Google or even social media. By doing so, users will benefit from safer on-chain transactions and the opportunity to engage with various economic prospects across numerous blockchains. Furthermore, managing multiple wallets becomes more convenient as Ctrl eliminates the need for gas tokens.
For those who are eager to join, there’s currently a waitlist open for newcomers. No need for existing XDEFI users to worry or take any steps, as their current wallets will be upgraded to Ctrl once the launch is complete.
As a crypto investor, I’ve noticed a significant shift towards non-custodial wallets following the collapse of FTX in 2022, which is based in The Bahamas. With my assets at risk, I joined many other enthusiasts in search of safer alternatives. This incident presented an opportune moment for digital asset companies to introduce more non-custodial wallet solutions into the market.
Over the course of time, companies such as Telegram, Nexo, and MoneyGram have rolled out their non-custodial digital wallets.
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2024-07-17 17:12