The CEO of Binance supports VeChain following its incorporation into the platform’s Trust Wallet, which has added support for VeChain (VET) and Wanchain (WAN) now among others.
On September 27, as a mobile Ethereum Cryptocurrency, Trust Wallet shared on Twitter that it is now supporting VeChain (VET) and VeChain Thor [VTHO]. The wallet also announced Wanchain’s (WAN) integration in their platform.
Binance recently acquired Trust Wallet in order for better services and improved safety and security intended for its users. Trust Wallet has kept its anonymity after this acquisition, and thus, its multi-coin wallet on iOS and Android devices will make VeChain and Wanchain currencies available for its users.
As a decentralized application (dApp), this open source and anonymous wallet supports ERC20, ERC223, and ERC721 tokens with digital assets including but not limited to GoChain (GO), Ethereum (ETH), and Ethereum Classic (ETC). Binance’s CEO, Changpeng Zhao, also known as CZ, said:
“One of the best mobile wallets for your crypto just got better! BUIDL!”
Furthermore, Trust Wallet stated that they schedule to incorporate support also for NEO, Bitcoin (BTC), and Tron (TRX) within the next year.
At press time, by market cap, VeChain (VET) was 19th. At the time of writing, VET, with $706 million market cap, was at the levels of $0.012.
According to a Redditor, Bossanovawitcha:
“Goes out of his way to note Vechain is first staking coin supported. It is quite noteworthy in and of itself.”
Marmot1991, also a Reddittor, said:
“But for now that wallet support just ETH and ETH tokens. Binance buys this wallet and now the first coin on its own network is VeChain. I think this is one of a kind of support.”
Tommyp408, as a Twitter user, indicated:
“It is a free world. Each person can choose where they want to live or conduct their business at Binance should operate in a country that has regulations that support crypto. I guess this is why so many other blockchain companies are moving to Malta.”
About the Trust Wallet
As an Ethereum- and ERC20-based multiple digital asset wallet, Trust Wallet is reliable and safe. Additionally, it is intended for easing to access cryptocurrency-like digital assets for anyone. On July 31 in this year, Trust Wallet was acquired by Binance, the most infamous cryptocurrency exchange.
Trust Wallet will offer an improved service experience and quality grade security for its users. It is fully compatible with tokens including ERC20, ERC223, and ERC721 on Ethereum network. Besides, the company has preferred the wallet’s code to be open-source for getting trust from its potential users. Then, the valuable and competent experts checked the code for security purposes.
When building Trust, the team had a vision, which is letting crypto be available for anyone. They would like to facilitate access to funds, secure the process for the users, and assist the crypto habitat.
On September 27, Trust Wallet team, which is a safe Ethereum and ERC-20 mobile wallet and DApp browser, announced that two significant cryptocurrencies would be incorporated in the platform: VeChain (VET) and Wanchain (WAN).
Trust Wallet app, which is an Ethereum-based mobile app and a Dapp browser, is now supporting more cryptocurrencies. Wanchain (WAN) and VeChain (VET) are now supported by this multicoin wallet. Additionally, VeChain turned out to be the first staking coin for Trust.
Trust Wallet officially announced this on Twitter. “Trust’s multicoin wallet adds support for $VET $VHTO $WAN. Excited to welcome Vechain as the first staking coin on Trust! @vechainofficial and @wanchain_org great working with you guys.”
Wanchain opted for an official blog post. “Wanchain is a blockchain ecosystem that enables the exchange of digital assets between blockchains with privacy protection and cross-chain smart contracts. The Wanchain infrastructure simplifies the creation of distributed financial applications for individuals and organizations to access financial services such as loans, asset exchange, multi-asset ICOs, and other asset management capabilities.”
So, Trust Wallet offers and reliable and safe experience for cross-chain transfers. In this respect, the exchanges are not decentralized and anonymous in association with Kyber networks. Now, the privacy is ensured with faster transactions as well.
GoChain (GO), Wanchain (WAN), VeChain (VET), Callisto (CLO), POA Network (POA), Ethereum (ETH), and Ethereum Classic (ETC) are currently supported by Trust Wallet.