Trust Wallet combines Binance Pay and Coinbase Pay
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Answer Trust Wallet combines Binance Pay and Coinbase Pay
The Trust Wallet skyrocketed in popularity immediately after the FTX bankruptcy as users resorted to withdrawing their cryptocurrencies from exchanges into private wallets.
Coinciding with the popularity of the wallet, the company published a long-awaited browser extension and teamed up with Binance Pay and Coinbase Pay to allow customers of both services to transfer funds directly to their Trust Wallet account.
On November 14, Trust Wallet released a new browser extension that is now compatible with Google Chrome and Opera web browsers.
The extension allows users to store, send and receive bitcoins across all Ethereum and Solana networks.
Users may enjoy an error-free experience while using dApps due to a technique known as automatic network discovery, which eliminates the need for users to add networks manually.
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The addition also includes support for multiple wallets and non-EVM blockchain connections.
On November 16, Binance announced the addition of Trust Wallet integration for Binance Pay.
Binance users who wish to use the Trust Wallet as one of their direct withdrawal options will not need to manually scan or enter the wallet address.
There will also be no additional expenses in addition to the blockchain gas fee.
The functionality is only enabled on the Android version of the Trust Wallet app at the time of publication, but Binance promises that an iOS version will be available soon.
The same connection will be possible with Coinbase Pay.
Previously, Binance CEO CZ has publicly supported Trust Wallet, saying that self-storage is a basic human right.
Trust Wallet is a wallet that supports multiple cryptocurrencies.
Of course, Binance’s support for the wallet is not surprising given that Binance owns the wallet service, which was founded in the United States in 2018.
The price of the Trust Wallet Token (TWT) surged nearly 150% in just six days by November 15, bucking the negative trend in the cryptocurrency market, whose net capital fell by nearly $100 billion over the same time period.
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