There is exciting news boosting the mass adoption of crypto and Web3. Check out the latest reports below.
Crypto adoption supported by Plaid
Banking fintech Plaid released its first crypto product – this is a wallet connector. Via this new move, the firm is kicking off a strategy that could take the multibillion-dollar company deep into crypto’s weeds.
CoinDesk notes the fact that Plaid is best known for bridging consumers’ bank accounts with online payment platforms.
The firm just said that “Wallet Onboard” tool will make it easy for crypto developers to plug into over 300 different Ethereum wallets – and for their customers, as well. This is a big deal as it definitely supports the mass adoption of crypto and related technologies.
CoinDesk notes this:
“It’s also the launchpad for an array of Web3-focused products that Plaid is planning, said Alain Meier, head of the company’s identity division.”
One of them could see Plaid help DeFi users prove to DEXes that they are who they say they are – without revealing their personal information.
“What our teams are working on are bringing these identity credentials to the web3 experience,” Meier said.
He also explained the fact that the wallet onboarding tool is non-custodial and won’t store data. He also made sure to note the fact that the firm’s role doesn’t create any security risks.
Ethereum in the news
Not too long ago, we addressed some fresh Ethereum predicitons.
Analyst Justin Bennett is looking at the leading smart contract platform Ethereum. Bennett says ETH looks bullish after managing to recover a key support level.
“What a bullish reclaim from ETH. Bears in disbelief. Send it.”
Regarding ETH’s price today, at the moment of writing this article, ETH is trading in the green, and the coin is priced at $1,300. Stay tuned for more news, and keep an eye on the crypto market.
