Massive Adoption: Opera (182M Users Wordwide) Just Launched Built-In Crypto Wallet For Its Desktop Browser
Massive Adoption: Opera (182M Users Wordwide) Just Launched Built-In Crypto Wallet For Its Desktop BrowserOpera has launched the a built-in crypto wallet for its desktop browser, continuing to hold the distinction of being a major popular browser to directly support cryptocurrency, the company announced on April 9. This follows an update to the Android browser, which received crypto support recently.
Reborn 3, the code name for this particular evolution, is a preparation for a world where peer-to-peer transactions are the norm. The upgrade, in the form of the launch of Opera Touch, is also soon expected to arrive on the iOS app store.
Putting an emphasis on building for “Web 3.0”, the Opera crypto wallet allows users to pay merchants directly from the browser, use it in apps, and make transfers to other users. ERC-20 tokens are a strong focus for the initiative, as the wallet will automatically detect these tokens and collectibles, like Cryptokitties, as well. Currently, only Ethereum-based tokens are supported.
The announcement for crypto support first arrived in the middle of 2018. At the time, Opera Product Manager Charles Hamel explained some of the company’s intentions,
We believe the web of today will be the interface to the decentralized web of tomorrow. This is why we have chosen to use our browser to bridge the gap. We think that with a built-in crypto wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.
Opera is also well known for its built-in VPN support, which “protects users’ data from third parties and secures their geographical location”, which is a reason why several users use the browser. Opera also allows users from Denmark, Norway and Sweden to purchase Ethereum through the Android browser.
Opera currently holds roughly 3% of the browser market share – while this is not much, in combination with the growth of the Brave Browser, it bodes well for those looking to enter the Web 3.0 era. With the rumors of Facebook launching its own cryptocurrency, it really does look like some established entities are gearing up for next generation of the web.