Binance's Official Non-Custodial Mobile Wallet Adds Support for Tezos (XTZ)

On Wednesday (April 3), the team behind Binance's official wallet app, Trust Wallet, announced that it had added support for Tezos (XTZ).

Trust Wallet, which was first released (for Android) on 25 October 2017, was acquired by Binance in July 2018. Originally it only supported Ether (ETH) and Ethereum tokens, but after it got acquired by Binance, support for other coins started to happen.

On March 12, support was added for XRP as well as support for in-app cryptocurrency purchases (XRP, BTC, BCH, LTC, and ETH) using debit and credit cards.

As of March 28—when support was added for  Stellar (XLM), Thunder Token (TT), Kin (KIN), Nimiq (NIM), and Aion (AION)—Trust Wallet supported 22 blockchains, including Bitcoin, Bitcoin Cash, Ethereum, XRP, Stellar, Litecoin, Ethereum Classic, TRON, Wanchain, VeChain, Dash, ICON, and EOS, as well as 20,000+ ERC20-compatible, ERC223-compatible, or ERC721-compatible Ethereum tokens (such as Basic Attention Token or Augur).

Then, yesterday, the Trust Wallet team announced via a post on its official blog that it had "enabled tezos wallet support" and would soon be adding "a native token staking feature." More specifically, it said that its "next iteration", which is "tentatively planned for end of Q2 2019", would be adding "native support for the delegation of all users who would like to stake their tokens and participate in the Tezos on-chain governance."

This means that Trust Wallet now supports 23 blockchains:

Trust Walet - Supported Blockchains - 4 Apr 2019.PNG

Viktor Radchenko Founder said:

“Tezos is a leading on-chain governance and PoS protocol and we are excited to work together to bring staking and delegating mechanisms to Trust Wallet mobile users, which allows everyone to be a participant in securing the network and validating transactions. Additionally, the Tezos Commons Foundation team conducted great work on adding support for Tezos to the Trust Wallet Core, an open-source cross-platform and cross-blockchain wallet library, which made its integration possible for the Trust Wallet mobile app.”

As for the staking feature, what this means is that by keeping your tokens in the Trust Wallet app, you "gain the ability to vote and generate an income for validating transactions," and the team says that it is "working on an entirely new native solution for Trust Wallet, so you can stake all your tokens from one single interface."

Trust Wallet's Staking Support.PNG


All Images Courtesy of Binance