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Merlin Egalite
@merlinegalite
→ Wallets and Fintechs are converging. Web3 native apps and services are way too complicated for newcomers to navigate. To onboard the next millions onchain, there’s an urgent need to improve the UX and accessibility. At the same time, wallets must find a path toward usability and profitability to continue innovating and provide their users the best experience and safety. They need ways to provide value-add beyond just access to onchain apps in their products. Both @ledgerofficial and @trustwalletapp are leaders in non-custodial wallet spaces and both are exploring value-add services on top of their core offerings. It will be clear that wallets and fintechs will look very much alike in a few years.
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Merlin Egalite
@merlinegalite
→ Why is it an important step for wallets in general? For a long time, users wanted diversity of choice and optionality. So, they used whatever wallet they could to connect to DeFi protocols or web3 projects to which they had affinity. This has changed. Wallets have understood that they're not just providing a simple noncustodial wallet; they're the gateway to the onchain world. One classic example is Coinbase's revamp of Coinbase Wallet to be the gateway to all Coinbase onchain products and more. The next growth target is those who aren't Web3 native and coming from Web2. They are usually less technical, or don't really care about having full optionality and discovering new projects every day. They just want something that is native in the wallet interface so that they can do what they need to do: swapping one asset for another, getting onchain yield, taking out an onchain loan on a Sunday from their phone, etc. → So, how do you solve this? Bundling products within the same simple interface.
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normancomics.eth
@normancomics.eth
I keep saying this… not only does it need to solve a problem or scratch an itch, it needs to pass the grandma test & still keep the veteran users interested.
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Stuphs
@stuphscrypton
Yeah fr, wallets are basically becoming fintech apps at this point. UX still holding a lot of people back, it has to be fixed if we want real adoption.
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J Milles 🎩
@jmilles
I recommend trying Infinex, if you haven’t. Non-custodial, on-chain verifiable, slick UI of a centralized app and the flexibility of DeFi (more integrations being added). Too many features to mention quickly in replies. https://app.infinex.xyz?r=PH7NF5V5
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