Bitget Wallet Rises to the Most Downloaded Web3 Wallet, Outlining Roadmap for Social and Payment Integrations

Victoria, Seychelles, September 26th, 2024, Chainwire


Bitget Wallet, a leading Web3 non-custodial wallet, has surged to become the most downloaded globally, achieving nearly 2 million monthly app downloads in August, according to App Store and Google Play data. The platform now boasts over 30 million users globally, fueled by its mission to simplify Web3 access for the next billion users. During the TOKEN2049 conference, Bitget Wallet unveiled its roadmap for expanding mass adoption of blockchain technology, focusing on integration with Web2 social platforms and a streamlined payment solution.

A key driver of Bitget Wallet's explosive growth has been its deep integration with Web2 social platforms, particularly Telegram. By enabling users to create and manage Web3 wallets using familiar logins like email, Google, and Telegram through keyless MPC (Multi-Party Computation) technology, the platform has significantly lowered the entry barrier to Web3. "Leveraging Telegram's massive user base has been a game-changer. We've brought millions of users into Web3 who previously had no exposure to crypto". said Alvin Kan, COO of Bitget Wallet. This seamless experience has led to a 2.7x increase in its MPC wallet creation, with over 40% of Bitget Wallet's users now adopting TON-supported MPC wallets. 

Bitget Wallet's growth has been bolstered by its all-rounded involvement in the TON ecosystem, where popular Tap to Earn (T2E) Telegram mini games on TON network have driven significant user engagement. Tomarket, for instance, attracted 20 million users in just two months. Bitget Wallet's mobile-first approach has proven particularly effective, with 68% of TON game users now using the wallet app. As a result, Bitget Wallet has contributed over 17% of all active addresses on the TON network. 

To further onboard Web2 users, Bitget Wallet is preparing to roll out a payment solution that will enable users to seamlessly convert crypto into fiat and spend crypto directly from their wallets on everyday purchases, all while retaining full self-custody of their assets. "Our goal is to blur the lines between Web2 and Web3, starting with payments," Kan explained. "By offering crypto-to-fiat conversion directly within self-custodial wallet, we're enabling users to spend crypto as easily as fiat, which is key to driving broader adoption."

Going forward, Bitget Wallet will also focus on fueling the growth of the broader Web3 ecosystem by partnering with major networks like Bitcoin, Ethereum, Solana, Base, and TON. These collaborations, combined with robust incentive structures and an all-in-one platform that supports everything from swaps, potential earning, trading and multi-chain Dapp explorer, are designed to drive users' long-term engagement.

“We're building an ecosystem where both users and developers can thrive, aiming at creating seamless experiences that keep users engaged in the long run while driving the adoption of decentralized applications," said Kan.

About Bitget Wallet

Bitget Wallet stands as one of the world's leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.

For more information, users can visit: Website | Twitter | Telegram | Discord


Contact
PR team
media.web3@bitget.com

Comments

Post a Comment

Popular posts from this blog

LBank Breaks Down Bitcoin's Double-Digit Price Surge

Image
Road Town, BVI, 25th March, 2023, Chainwire Global cryptocurrency exchange LBank has analyzed Bitcoin’s spot performance, which has culminated in an eight-month high of $28,000. LBank Co-founder Johnason Chan and LBank Labs board of directors member Czhang Lin have provided in-depth analysis of the price increase.  Shortly after the collapse of Silvergate Bank, Silicon Valley Bank (SVB), and later Signature Bank , liquidity concerns for decentralized fintech players piled up. Many believed a valuation drop would have been inevitable for crypto. However, Bitcoin has performed beyond expectations, starting the week off with a 27% rise to just below $28,000 . At the time of writing, the world’s largest digital asset by market capitalization seems to have stabilized, continuing to hover around $28,000. The market movement of Bitcoin is hard to make sense of, considering the ongoing unraveling of a banking crisis and expectations of further US interest rate hikes . However,...
Read more

How to Buy Bitcoin in 2023

This is the best time to get into the Bitcoin trade. Cryptocurrencies are now widely accepted and they are making their way to traditional stock exchanges, with the backing of some large investors. They are easy to use and countless businesses accept them as a payment option. In this article, we’ll explain what are the best ways to buy Bitcoin and how to do it as a novice. We’ll also present you with a few options when it comes to exchanges since all of them have some unique benefits that may be useful to a specific group of investors. The Essentials  Before getting into the different exchanges and how to use them, we’ll first go over the essentials. The basic process for buying Bitcoin is the same regardless of which exchange you’re using and how much Bitcoin you’re buying. The process is done in 4 simple steps. Open an Account with an Exchange  Visit any exchange you want and set up an account on it. The process is similar to setting...
Read more

Core's Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Image
Singapore, Singapore, 30th March, 2023, Chainwire Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability. Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).  With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BT...
Read more