wallet-as-a-service

ChainCatcher news, the Web3 developer platform Cubist has launched the wallet-as-a-service product "CubeSigner," aimed at addressing the challenge of having account keys readily available. It ensures their security. The product allows users to request signatures through revocable signing sessions instead of directly accessing the raw keys. Users will not accidentally leak their keys, and attackers cannot steal the keys because the key material is locked in secure hardware during both the generation and signing processes.

ChainCatcher news, stablecoin issuer Circle has launched a wallet-as-a-service platform for developers. This service allows developers to embed Web3 wallets into their applications while providing a user-friendly design. These wallets can be used with any blockchain, making it easier for users to access NFTs, cryptocurrencies, and other Web3 digital assets.Currently, users must manage their private keys themselves, but an upcoming update will allow developers to control user private keys. The company's wallet-as-a-service developer platform is currently in testing. (Source link)

ChainCatcher news, wallet-as-a-service provider Magic has completed a $52 million financing round, led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. Magic offers secure, instant non-custodial wallet creation. Users can instantly create wallets using existing email, social media, SMS, or single sign-on. Currently, Magic has generated over 20 million wallets, and its SDK is used by more than 130,000 developers.