According to ForkLog, the press service announced that P2P Validator, a provider of institutional staking solutions, has launched a non-custodial wallet for digital assets — Key App — on the Solana blockchain.
The company said that Key App enables fee-free transfers and is secured by Web3Auth.
The method splits the seed phrase into parts using cryptography. It can be restored using an Apple or Google account, a phone number and the user’s device. To access, two of the listed methods are required.
“Key App is revolutionizing the crypto-wallets market. With our service there’s no longer any need to memorize seed phrases, pay transfer and exchange fees, or hold a native token for them. This wallet is a big step toward mass adoption of cryptocurrencies,” said Konstantin Lomashuk, founder of P2P Validator.
The app is already available on the App Store and Google Play for users worldwide.
The Braavos startup behind the development of the eponymous crypto wallet, raised $10 million in a funding round led by Pantera Capital.
Earlier in September, the online broker Robinhood launched a beta version of a non-custodial Web3 wallet.
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