Bitget Wallet Lite on Telegram Gains 6M Users
Bitget Wallet Lite, a new multi-chain wallet integrated into Telegram, has rapidly gained over 6 million users since its soft launch on October 28, 2024.
What’s the significance: The rapid user growth of Bitget Wallet Lite indicates a shift towards user-friendly crypto tools, which can enhance trading accessibility and potentially drive greater participation in the market.
The Big Picture: Since the rise of Telegram tap games, the integration of crypto and web3 features into the platform reflects the shift to making crypto more accessible and appealing to mainstream audiences.
Key details:
- Bitget Wallet Lite is a non-custodial, multi-chain wallet embedded in Telegram, allowing seamless crypto transactions and management.
- Aims to streamline crypto access for users within a familiar messaging environment, enhancing the user experience.
The numbers:
- Onboarding: Over 6 million users gained in just days.
- Wallet Support: 40+ fiat currencies and transactions across 100+ blockchains.
How it works: It allows users to purchase, manage, and transfer crypto assets with no recovery phrases needed and connects directly to their Telegram accounts for easy access.
Key quote:
“Our goal is to onboard the next billion users into Web3. Bitget Wallet Lite simplifies crypto management within Telegram and reflects our commitment to continuous innovation that empowers financial freedom for everyone.”
Alvin Kan, COO, Bitget Wallet
However: Ensuring robust security while integrating into messaging apps will be crucial for user trust as wallet features expand.
- It must be noted that in a BitPinas interview last June, a Filipino trader lost ₱40 Million to a Telegram exploit that drained several of his wallets stored on his personal computer.
What to watch: Upcoming initiatives include a mini-app support program and an ecosystem fund to enhance the web3 user experience.
What’s next: Bitget stated that in the future, Bitget Wallet Lite aims to replicate the full ecosystem of the Bitget Wallet app.
- It looks forward to connecting users to thousands of DApps and integrating with Telegram Mini-Apps through the OmniConnect protocol.
- Its planned features include token swaps, wallet imports, and rewards like airdrops and mystery boxes, alongside a partnership with Morph for ecosystem collaboration.
Worth reading: Recently, Bitget announced the appointment of former Binance executive Min Lin as Chief Business Officer and reported surpassing 45 million users in Q3 2024.
This article is published on BitPinas: Bitget Wallet Lite on Telegram Gains 6M Users
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