Wednesday

DeFi

Flare

<a href="https://bitcoinworld.co.in/crypto-wallet-firm-fordefi-expands-in-indonesia-powering-pintu-web3-self-custodial-wallet/" title="Crypto Wallet Firm Fordefi Expands in Indonesia Powering Pintu Web3 Self-Custodial Wallet" rel="nofollow"></a>
Crypto and decentralized finance wallet provider <a href="https://www.fordefi.com">Fordefi</a> said Wednesday it is expanding to the booming Indonesian market with powering local cryptocurrency trading platform Pintu’s web3 wallet offering. 
The move is part of Fordefi’s plan to extend its wallet service, mostly used by institutional participants such as Pantera Capital and market maker Keyrock, to exchanges, fintech platforms that serve retail investors. 
Pintu’s 20 million users will be able to self-custody their digital assets and access decentralized applications with Fordefi’s tech in the backend, while benefiting from security features such as transaction simulation and risk alerts. 
Fordefi aims to make <a href="https://bitcoinworld.co.in/major-crypto-exchanges-launch-tech-against-scams-coalition-to-combat-crypto-fraud/">crypto</a> safer with its self-custodial wallet with multi-party computation (MPC) that divides a single private key among multiple parties, eliminating a single point of failure. MPC wallets are harder to hack and make interaction with DeFi apps less risky. 
The company has onboarded institutional investors such as Pantera Capital, DeFiance Capital, Keyrock and Flare Network to its wallet offering. It also raised $10 million from venture capital investors led by Electric Capital earlier this year. 
“The lack of security and guardrails in place for retail investors has stifled Web3 adoption,” Josh Schwartz, CEO of Fordefi, said in a statement. “With Fordefi, retailers can leverage the same security infrastructure used by the most sophisticated institutions in the market.” 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN

Crypto Wallet Firm Fordefi Expands in Indonesia Powering Pintu Web3 Self-Custodial Wallet

ItsBitcoinWorld

Other articles published on May 29, 2024

Meta Eliminates AI-Driven Influence Accounts in China, Israel

Whales Push Bitcoin Into Narrow Consolidation Range: What To Expect Next

El Salvador’s GDP to Surge Tenfold in the Next Five Years: Cathie Wood

Altcoins Stumble Amid Bearish Action! ONDO and FTM Price Poised For a 10% Pullback?

Veteran Trader Peter Brandt Weighs in on Bitcoin's Dominance over Gold

El Salvador Witnesses Unprecedented Economic Growth

Join our free newsletter for daily crypto updates!