According to the reports, the browsing giant, Opera Corporation becomes the first browser to include cryptocurrency wallet to its browser, opposing the requirements for applications and third-party extensions. Undoubtedly, in doing so, Opera has moved a step forward by adopting an interesting approach towards the collateral.
The firm Opera is headquartered in Norway, and it is used by 322 million users around the world. Many developers claim that the integration of cryptocurrency wallet is because of the overwhelming response that Opera has received from the crypto community.
Earlier this year the multinational firm launched a crypto-wallet supporting DApps (Decentralized applications) and Ethereum (ETH) for Android browser.
In case if users want to send someone money using the Android crypto-wallet, they will have to verify the transaction by signing it using phone’s fingerprint reader instead of remembering long phrases and typing them out. Following the response opera Ltd has decided to facilitate its 322 million users with a built-in crypto-wallet at the desktop level.
In fact, the corporation’s product lead crypto, Charles Hamel had this to say regarding the new launch of crypto-wallets in its desktop browser:
“By adding a crypto wallet directly into the browser, we removed the need for complex extensions or separate apps. Opening up the PC browser to crypto marks Opera’s second step towards making cryptocurrencies and Web 3.0 mainstream.”
With the launch, Opera browser’s built-in wallet will remove two significant hurdles related to the cryptocurrency management. The very first obstacle will be removed by allowing users to avoid extensions related to cryptocurrencies as they’ll be allowed to connect the crypto-wallet mobile app to the desktop browser by scanning the QR code. Opera has been using this system to synchronize the desktop-mobile applications for many years.
The second complication to be removed is associated with security, as per Opera’s announcement, it will use the secure system of the phone to store necessary credentials. As said above, this will allow users to bypass paraphrasing using their phone’s fingerprint reader.
Charles Hamel further said on the subject:
“Some users prefer to perform crypto payments or interact with Dapps on their desktop. The move was also related to usability, as users will be able to “browse Web 3.0 and use Dapps on their computers. They can now do so in a simple way by using the same wallet they have on their mobile phone.”
Earlier this year in January, Opera added cryptojacking software to its mobile and web browser. Consequently, after a positive response from massive users, it really seems that Opera will inspire other tech giants to follow in their footsteps for the ease of users.
Image Courtesy of Pixabay.
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Crypto
The world's leading digital assets exchange Binance announced staking support for its native BNB tokens on Aug 12. The users …
The Bitcoin price is currently displaying a slightly bearish movement. The cryptocurrency market is a mix-up of red and green. The …