July 24, 2020 / news

Opera’s Crypto Wallet User Base Grows Up To 170,000

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However, given the fact that the browser is used by more than 360 million users monthly, the number of registered wallets does not seem so impressive.

Opera web browser keeps gaining popularity among cryptocurrency users. Today the company announced that more than 170 thousand people use the wallet built into the browser for storing Ethereum and Bitcoin every month.

The cryptocurrency wallet appeared in the mobile version of the browser back in July 2018. In the same year, the company added cryptocurrency support to the desktop version. At first, the wallet allowed storing ERC-20 tokens (based on the Ethereum blockchain) and TRC10 (based on the TRON blockchain), but in 2019 they added support for Bitcoin.

The cryptocurrency wallet appeared in the mobile version of the browser back in July 2018. In the same year, the company added cryptocurrency support to the desktop version. At first, the wallet allowed storing ERC-20 tokens (based on the Ethereum blockchain) and TRC10 (based on the TRON blockchain), but in 2019 they added support for Bitcoin.

The company did not disclose blockchains popularity. However, Opera’s Senior Product Manager, Charles Hamel, told Coindesk that Ethereum is “by far the most popular.”

Note, given Opera’s 360 million user base as of May 20, the number of registered cryptocurrency wallets doesn’t look quite as impressive. Moreover, it is comparable to other wallets that support Web 3. For example, the MetaMask wallet had 192 thousand monthly active users in May 2019 (the company has not released more recent data).

Therefore, it is not surprising that Opera’s efforts are aimed, among other things, at expanding the user base of the cryptocurrency wallet. Today, the company announced that Dapp.com is now a partner in its cryptocurrency project – the service’s developments will be used in the Opera decentralized application store.

The company also announced that UK users will be able to buy cryptocurrency directly through their wallet. For this, Opera has entered into an agreement with the provider Ramp Network – it is this company that provides cryptocurrency payments in the Revolut application.

In the UK, this feature has already appeared after Opera launched it in March in the European Union, Australia, New Zealand, and Mexico. On this initiative, the web browser is partnering with the payment company Wyre. The feature is also available in the USA and three Scandinavian countries: Norway, Sweden, and Denmark.

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