The total number of cryptocurrencies supported by Binance is 17, giving tough competition to Coinbase Wallet. In order to stay in the league of such competitors, Trust Wallet features a DApp browser, which is compatible with ERC-20 token.
Apart from extending support to the third largest cryptocurrency, Binance also integrated credit card support to allow convenient purchase of cryptocurrencies. The exchange took this step after it partnered with Simplex, a payment processor, making Trust wallet among the very few wallets to have credit card support. The announcement from the exchange did not mention the fees or any specific card that can be used. As reported by Coindesk, Viktor Radchenko, founder of Trust Wallet, said:
“We want to increase access to crypto and decentralized applications for all users. Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust.”
Binance’s wallet aims to integrate with its upcoming decentralized exchange. This decentralized exchange is scheduled to go fully live in Q2, 2019. Trust wallet will be Binance’s native wallet and will enable users to make trades while holding the cryptocurrencies.
The wallet has numerous plans for 2019, including the addition of support for more cryptocurrencies, as well as adding integration for hardware wallets, which could be a better way of securing cryptocurrencies.