In the future, every app will have an embedded wallet

It's just an easier, lower-cost way to send and receive payments online (especially as stablecoins grow in prevalence)

Doubly true for tools that let anyone, anywhere build and sell products. Eg a 16yo vibe codes a cool app that people around the world are willing to pay $3/month for? Far easier to spin up a wallet than navigate the financial sausage of current international payments + banking

We all have way too many wallets

We’ve just traded one problem for another by making it easy for every app to spin up its own wallet for each user

Now we have our identity/assets/history fragmented across dozens of wallets 

Unfortunately, I don’t think enough wallet providers care about this problem for users

Investing @variant, writing at https://backoftheenvelope.substack.com/

*taps the sign*

https://warpcast.com/garrett/0x2282956b

Stay Curious // iixii // Head of Crypto at https://www.lazertechnologies.com/  // Prev: CoinDesk, Roc Nation // based @basedevo

Lmao so let me recap

Me: We have too many wallets (mainly bc of embedded wallet providers) 

You: Embedded wallets easily solve this

Me: How?

You: Check out Turnkey (key management software allowing embedded wallet providers / apps to build their own wallet infra to create more wallets) 

this makes no sense

I'm very familiar with them and literally spoke to the CEO this week 

I take it you didn't read my initial post that I shared

It's a problem that they've created and enabled at the expense of composability and interoperability which are two of the biggest reasons to build consumer products on crypto rails

I'm a big fan of all the teams working on this (Turnkey, Privy, Dynamic, Para, etc) and I know they are working hard on some solutions but I still think this remains a persistent problem and I don't have a vested interest  in this race.  I'm just pushing for better product experiences that enable composability and interoperability for end users.

I did read it, and I disagree that it’ll remain a persistent problem

You’re describing a snapshot in time, I’m trying to encourage you to be more optimistic about the hard working teams that have solutions in the pipeline!

But if you’re convinced these teams aren’t working as hard as I think they are, that’s entirely your call. And maybe it’s even a problem you could try to solve!