Jeremy Allaire, the Co-founder & CEO of Circle, which helps businesses and developers harness the power of USDC for payments and commerce, reveals that they quietly released the first major milestone of Circle Web3 Services into production beta this week.
We quietly released the first major milestone of @circle Web3 Services into production beta this week. Circle Programmable Wallets is our new Wallet-as-a-Service developer platform. https://t.co/YmnAc2dsU7
— Jeremy Allaire (@jerallaire) July 6, 2023
Circle Programmable Wallets is their new Wallet.
According to the Fintech firm, these types of digital technologies help users with unlocking innovative blockchain functionality. They enable users to access digital currencies, NFTs, and other valuable blockchain-powered experiences easily.
Some of the key features are as follows:
More functionality with less code
- Build with familiar REST APIs and iOS and Android SDKs to deploy and manage your users’ wallets and transactions.
Blockchain agnostic
- Build it once and use it across multiple blockchains with no blockchain-specific code. Currently supports Ethereum, Polygon, and Avalanche, with other chains coming soon.
Flexible custody options
- Provide user-custodied or developer-custodied wallets with frictionless Web2 UX. Abstract the complexity of blockchains for users.
Operations monitoring
- Troubleshoot your app and better support your users with built-in transaction logs, user-level monitoring, and error reporting. Scale to millions of users with confidence.
Instant access
- Sign up with an email address and start building immediately. No upfront fees or contract negotiations. Pay-as-you-go pricing starts at pennies per wallet and decreases as volume grows.
Although digital wallets and stablecoins are not the complete answer or solution to cross-border transactions (for now at least), they’re definitely becoming a key part of the rapidly evolving digital economy.
Individuals and businesses are looking for more affordable and much more efficient ways to carry out financial transactions through an intuitive user interface and seamless applications. Digital wallets and stablecoins can help companies and individual consumers because they allow for value to be transferred in a more frictionless manner. Regulators across the globe are also creating a regulatory framework that can support these new forms of financial technologies.
