Binance Trust Wallet: Present State and Future Plans for 2019

On Thursday (January 24th), the team behind crypto currency exchange Binance's "official" mobile wallet app, Trust Wallet, talked about where things stand now and what new features were coming during the remainder of 2019.

Trust Wallet, which was first released (for Android) on 25 October 2017, was acquired by Binance in July 2018. Originally it only supported Ethereum (ETH) and Ethereum tokens, but after it got acquired by Binance, support for other coins started to happen, with the latest announcement in this area coming on January 9th, when we found out that both the iOS and Android versions of Trust Wallet had been updated such that they supported Bitcoin (BTC), Bitcoin Cash (BCH), and Litecoin (LTC). Furthermore, support for more coins was promised during the next two weeks. 

In Trust Wallet's latest blog post (titled "Trust 2.0 - Making Crypto More Accessible"), the team started by explaining where this multi-cryptocurrency wallet stood now:

  • "As of today, Trust supports a total of 14 different blockchains."
  • "Both our Bitcoin wallet and Litecoin wallet have been built from scratch with native SegWit support in mind, which means you can utilize the latest bech32 standard when sending, receiving and transacting cryptocurrency." The benefit for users is faster and cheaper transactions.
  • "For DApps, we now offer a beautiful, streamlined experience for your ERC-721 crypto collectibles and have added support for DApps across 4 different blockchains (Ethereum, Ethereum Classic, GoChain and POA Network)."

As for future plans, here are the main things on the development team's radar:

  • "... we are committed to supporting the top 20 cryptocurrencies, such as Tezos, Zilliqa and EOS. We prioritize privacy projects. So, you can expect us to soon add privacy coins like ZCoin, ZCash, Monero, and even upcoming and coming ones like Grin and Beam."
  • "... to build an infrastructure to enable support for almost any blockchain easily" through the release of "an open source SDK called “Wallet Core”, which allows developers to integrate their blockchain projects with Trust through a simple GitHub pull request."
  • "Trust Wallet is expanding from its root of mobile only to both mobile and desktop"
  • "With the impending launch of Binance Chain and its corresponding decentralized exchange (DEX), Trust will become the first native decentralized wallet for DEX and also support the new native Binance coin (BNB) on Binance Chain." This means that "you will benefit from Binance Chain’s fast confirmation time and won’t have to worry about using another interface as it’s built into the same easy and user-friendly environment that you are already familiar with."
  • "We are working closely with several manufacturers on not only integrating hardware wallets with Trust, but also setting an industry standard to make adding future hardware wallets more easily."

With regard to the Binance decentralized exchange, earlier today, Binance tweeted that hardware wallets would be supported from day one:


Featured Image Courtesy of Binance