Payment company Eco launches Beam wallet, allowing users to generate addresses without a mnemonic or Ethereum

ChainCatcher news, payment company Eco, with the support of Web3 venture capital firms, has created a new wallet called Beam, allowing users to generate an Optimism address without a seed phrase. The wallet can be backed up using Twitter login, requires no downloads, and users do not need to hold Ethereum to send transactions on Optimism.

It is reported that Beam will also launch on Coinbase's Base network in August, and user balances on both networks will be displayed in total within the app.