TechFlow reported on July 9, according to Coindesk, that cryptocurrency wallet provider Exodus has launched a new "Passkeys Wallet" aimed at simplifying the Web3 user experience. The wallet enables users to access decentralized applications (dapps) without seed phrases, browser extensions, or email verification.
According to David Reising, Exodus' product lead, new users can create a self-custodial crypto embedded wallet with just one click. The Passkeys Wallet supports multiple blockchains including Bitcoin (BTC) and Solana (SOL), and employs Multi-Party Computation (MPC) technology for security. Exodus stated that developers can integrate the wallet into their applications with just a few lines of code, and the company will share on-chain transaction revenue with developers.
In addition, Exodus has partnered with several payment processors to help new users easily fund their Passkeys Wallet. Currently, Exodus Wallet's Class A shares are traded over-the-counter under the ticker EXOD. Although the company plans to list on NYSE American, the listing has been delayed due to ongoing review of its registration statement by the U.S. Securities and Exchange Commission (SEC).
