As a seasoned crypto investor with over a decade of experience under my belt, I must admit that the recent development by Ctrl is nothing short of revolutionary. Having navigated through various wallet solutions and witnessed their shortcomings firsthand, it’s refreshing to see a platform like Ctrl stepping up to the plate.
Self-custody wallet solution Ctrl launches a new browser extension wallet.
The wallet will allow users to safeguard and manage their crypto on over 2,100+ blockchains.
Users can now pay for gas fees using $USDT or $CTRL for all transactions.
Control, the universal digital wallet provider, unveiled the release of their browser extension wallet. This step aims to streamline self-custody for users across over 2,100 different blockchains. The platform is designed to seamlessly integrate with leading blockchains such as Bitcoin, Ethereum, Cosmos, Solana, THORchain and more, making the management and security of digital assets easier than ever before.
The Ctrl browser extension wallet streamlines self-management of assets by bringing together all holdings in a user-friendly, all-in-one environment. This makes interacting with DApps, exchanging tokens across different chains, monitoring your portfolio, and discovering dormant funds effortless. The wallet offers a simple setup process, enabling users to register via email or social media accounts, or for advanced crypto enthusiasts, a passphrase. Yet, it ensures the utmost security of users’ funds remains intact throughout.
In simple terms, Emile Dubié, the Co-Founder and CEO of Ctrl, aims to make it easy for everyone to manage their own digital assets (self-custody) and encourages widespread use of cryptocurrency around the world.
Dubié explained, “Our digital wallet extension gives people worldwide the ability to handle their own funds securely, known as self-custody.” He added, “Our dedicated team is working tirelessly to develop a wallet that puts users in charge, enabling them to manage their digital assets and seize opportunities within the crypto sphere.
2020 saw the establishment and initial naming of Ctrl as XDEFI. Since then, it has evolved into a highly dependable self-custody wallet option, competing with industry leaders like Brave, Metamask, and others in the top tier. This digital asset management platform empowers users to perform token trades, facilitate connections with numerous DApps (Decentralized Applications), all while prioritizing maximum security and efficiency.
Existing XDEFI Wallet users can look forward to seamlessly transferring their accounts and assets over to Ctrl Wallet, giving them immediate access to the wallet’s enhanced functionalities right away.
Consolidating Gas Fees And Cross-Chain Swaps
The unique advantage that the Ctrl browser wallet boasts is its Gas Tank feature, designed to address the issue of high gas fees. Essentially, this Gas Tank enables users to pay all on-chain transaction fees using a unified balance of either USD Coin ($USDC) or Ctrl Token ($CTRL), regardless of the blockchain being used. This streamlines the process by removing the need to manage multiple tokens for gas fees, providing a smoother and more efficient user experience across various networks.
On the launch of the Gas Tank, Emile Dubié stated:
The Gas Tank simplifies self-custody by allowing seamless, cross-chain interactions without the need to manage multiple gas tokens. With this release, we’re taking a major stride towards making self-custody more accessible and intuitive for our users.
As a crypto investor, I’m excited about the upcoming addition of a new wallet that simplifies my investment management. Firstly, this wallet will offer a unified portfolio view, making it easier for me to manage all my holdings across various accounts and blockchains from one place. This single, aggregated dashboard will not only help me keep tabs on my assets with minimal effort but also assist in locating forgotten funds.
Furthermore, the interface (dashboard) offers a convenient way for users to find their assets that are distributed over multiple blockchains, applications (DApps), or platforms. All accounts and platforms connected to the wallet through its seed phrase and any hidden tokens on personalized networks will be displayed on this dashboard.
Lastly, the web wallet extension is set to offer cross-chain exchanges, eliminating the necessity of bridges or external apps. The Ctrl Wallet offers a direct solution for this feature, allowing cross-chain swaps right from the wallet itself.
Using Ctrl Wallet, users can easily transition tokens between various blockchain networks such as Bitcoin, Ethereum, Solana, Binance Smart Chain, and Avalanche. This happens smoothly because of integrated routing services, which provide them with advantageous exchange rates without requiring additional external resources.
In just a short span, the advancements in Ctrl Wallet have witnessed an impressive surge in usage, surpassing the 500,000 mark for its self-custody solution and securing a position among the top five multi-ecosystem wallets with outstanding ratings on the Google Chrome Store.
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2024-12-02 16:18