Gemini launches self-custody wallet based on Biconomy Nexus infrastructure
YM Lee
Summary
- "Gemini" announced the launch of a self-custody wallet, Gemini Wallet, based on Biconomy's Nexus infrastructure.
- Gemini Wallet reportedly enhanced security by introducing a Passkey authentication method instead of a seed phrase.
- They explained that with Gemini Wallet, users can directly access decentralized finance (DeFi) services.
Global cryptocurrency exchange Gemini announced on the 20th (local time) the launch of its browser-based self-custody wallet 'Gemini Wallet', utilizing the modular smart account infrastructure Nexus by Biconomy.
Gemini Wallet has eliminated the seed phrase and enhanced security by introducing Passkey authentication. Users can directly access decentralized finance (DeFi) services through the Gemini Wallet.
A Gemini representative explained, "Gemini Wallet achieves both enterprise-level security and flexible architecture based on the Passkey authentication method."
Ahmed Al-Balaghi, co-founder of Biconomy, stated, "The adoption of our tech stack by a major exchange proves both its technical reliability and structural stability."
YM Lee
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