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The non-custodial Trust Wallet introduced Wallet as a Service Wallet as a Service (WaaS), which will allow corporate clients to launch decentralized applications on top of the company’s stack.
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“WaaS is designed for a broad audience: from Web3-users and centralized crypto exchanges to startups and traditional enterprises seeking to expand their offerings with blockchain solutions,” the press release said.
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An important advantage of the service is the speed of deployment, with development time reduced from several years to a couple of months.
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According to Trust Wallet’s statement, WaaS provides simplified Web3 technology deployment while also offering improved navigation and security.
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This gives companies the opportunity to grow their business by integrating services for managing digital assets, cross-chain transfers and seamless connectivity with other ecosystems.
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As an example of WaaS implementation, project representatives cited the Binance wallet. Notably, after the product’s launch on November 8, the TWT token belonging to the Trust Wallet exchange fell by 15%.
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At the time of writing the coin had slowed its decline and was trading around $1.46.
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In October, Trust Wallet conducted a rebranding, changing its logo and app design intended to improve the experience of interacting with the Web3 space.
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Earlier ForkLog reported that the non-custodial wallet opened the ability to convert digital assets into fiat currencies directly through the app interface.