Magic Sq., a pioneering Web3 app retailer platform backed by Binance Labs, has introduced a brand new partnership with Exodus Motion, Inc. (OTCQX: EXOD).
This collaboration brings Exodus’s revolutionary Passkeys Pockets to Magic Sq.’s ‘Magic Retailer’ and ‘Magic Launchpad’, offering customers with a straightforward and safe approach to create and handle crypto wallets instantly throughout the app.
The combination of Passkeys Pockets is designed to supply customers a streamlined expertise, permitting them to arrange a crypto pockets in only a few faucets with out the necessity for putting in browser extensions.
The pockets helps a variety of authentication strategies, together with FaceID and TouchID, and offers a seamless multi-chain expertise throughout a number of blockchain networks, together with Bitcoin, Polygon, Solana, Ethereum, and extra. Further networks are anticipated to be added quickly, additional increasing the pockets’s attain and performance.
Enhanced safety and consumer expertise
One of many key options of the Passkeys Pockets is its use of Multi-Social gathering Computation (MPC) know-how, which considerably enhances safety by requiring passkey authentication for any pockets motion.
This know-how ensures that customers can handle their crypto belongings with better peace of thoughts, understanding that their wallets are protected by industry-leading safety measures.
The combination additionally permits customers to finish Know Your Buyer (KYC) processes and buy cryptocurrencies instantly with a card throughout the Magic Retailer, all whereas having fun with a unified expertise throughout a number of blockchain networks.
This improvement is predicted to cut back consumer drop-off charges and appeal to a broader consumer base to the Magic Sq. platform, contributing to the expansion of the Web3 ecosystem.
Strategic collaboration for Web3 adoption
Magic Sq.’s Chief Working Officer, Michael Landsberger, highlighted the importance of the partnership, stating,
We’re thrilled to combine Exodus’ Passkeys Pockets into the Magic Retailer, Magic Launchpad, and throughout our whole ecosystem. This integration represents a major step ahead in simplifying the crypto expertise, enabling our customers to handle their belongings securely and conveniently inside a well-known interface. It additionally enhances the onboarding course of for Web2 customers as they transition to Web3, paving the way in which for the mass adoption of crypto throughout all our merchandise.
Exodus CEO JP Richardson echoed this sentiment, noting the partnership’s potential to reinforce the Web3 consumer expertise.
Integrating Passkeys Pockets with Magic Sq.’s ‘Magic Retailer’ elevates the consumer expertise by offering a seamless and safe approach to handle and spend crypto belongings. This collaboration with Magic Sq. is a testomony to our dedication to enhancing the Web3 ecosystem by making it extra accessible and safe for all customers.
Each corporations are dedicated to driving innovation throughout the Web3 area, with a deal with enhancing the multi-chain expertise for customers.
By combining Exodus’s superior pockets know-how with Magic Sq.’s complete Web3 platform, the partnership goals to make the crypto ecosystem extra accessible and safe, supporting the continued transition from Web2 to Web3.
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