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Trust wallet is a mobile cryptographic portfolio that supports ETH and over 20,000 Ethereum tokens including those of the ERC223, ERC20 and ERC721 standards. He recently revealed that he would now support BTC.
#bitcoin $ BTC (#SegWit included) is now supported by our multi-currency iOS portfolio https://t.co/NndKVByIOl pic.twitter.com/csBPSt4e1z
– Trust – Ethereum Wallet (@TrustWalletApp) December 9, 2018
Details of the announcement
In the announcement, the iOS Trust Wallet now it will offer segwit media and will allow BTC deposits via Bech32 addresses. The company claimed that the capacity would soon arrive on Android devices in about 2-3 weeks. News arrives only after the portfolios have added TRON support (TRX). Trust Wallet also supports POA Network, GoChain, EThereUM Classic, VeChain and Wanchain.
Binance Acquisition Of Trust Wallet
Binance has acquired the Trust Wallet in July, by buying the portfolio, the exchange wanted to offer better services and improve the security of Binance users. Trust Wallet is an open source, secure and decentralized portfolio. It has seen its user base grow significantly since it was launched in December 2017.
The company has a reputation for being a secure portfolio. It has the policy of never accessing users' portfolios, keeping their private keys or requesting personal details from users. With this acquisition, Binance added an on-chain mobile wallet to its list of services. At that time, he promised further integration; a promise, which he has kept.
Binance promised that the Trust Wallet team would continue to enjoy the same freedom and autonomy for portfolio development. At the same time, they would benefit from the synergy that Binance has to offer, including the large user base.
Binance is a technology-based company. By purchasing Trust Wallet, he has shown that secure wallet technology has an important role to play in the cryptic world. The purchase marks the first public acquisition made by Binance. Since then, the portfolio has continued to be fairly reliable.
How the acquisition of Binance helped Trust Wallet
Binance said that they would increase portfolio development. Beyond that, they would make it part of the decentralized Binance exchange. The founder of Trust Wallet was quite satisfied with the purchase. He said that buying them would help them continue to grow and have a positive impact on the industry.
For one, it would mean that they were no longer pressed for resources. As a result, they could focus more on growth and development instead of worrying about the scarcity of development resources. It would also allow Trust Wallet to focus on the use of the portfolio by those who do not use it.
In the past, Trust Wallet had sought to raise funds by holding a symbolic sale. However, they had to cancel it due to regulatory problems. Therefore, it was difficult for them to compete with the boys without compromising on safety due to lack of resources. However, the purchase changed everything for them.
Information on Binance
Binance is the second largest exchange encrypted by commercial volume. By the end of 2018, the company expects to have a turnover of $ 1 billion. It is currently registered in the jurisdiction of Malta.
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