Key Insights
- Exodus launches Passkeys Wallet, allowing users to create and fund embedded wallets within applications without seed phrases or browser extensions.
- The new wallet offers rapid developer integration, built-in asset purchases, cross-chain swapping, and supports Ethereum Virtual Machine, Bitcoin, and Solana blockchains.
NEW YORK (MarketsXplora) – Exodus Movement, Inc. (OTCQX: EXOD) announced on Tuesday the launch of its Passkeys Wallet, a new product designed to streamline cryptocurrency access and usage without the need for traditional seed phrases or browser extensions.
The Passkeys Wallet allows users to create and fund an embedded wallet directly within applications, offering a frictionless entry point into the world of digital assets. This innovation aligns with Exodus’ longstanding mission to simplify user access to the evolving financial ecosystem.
“We’re ecstatic to launch the Exodus Passkeys Wallet, a uniquely self-custodial and simple stand-alone solution, with the easiest on-ramp experience and the fastest integration,” said JP Richardson, CEO and co-founder of Exodus.
Features of Exodus’s Passkeys Wallet
Key features of the new wallet include rapid developer integration, built-in digital asset purchases, cross-chain swapping capabilities, and enhanced security measures utilizing Multi-Party Computation (MPC) technology.
Notably, the Passkeys Wallet supports Ethereum Virtual Machine (EVM), Bitcoin (BTC), and Solana (SOL) blockchains, offering users broad access to various blockchain ecosystems and decentralized applications (dApps).
Exodus claims the wallet can be integrated into platforms in under 10 minutes with minimal coding, potentially reducing new user drop-off rates and unlocking liquidity from previously unsupported blockchain networks.
The company has opened a waitlist for early access to the Passkeys Wallet, inviting interested users to sign up via their website.