Trust Wallet CEO: Collaborating with Binance to launch a Web3 wallet aims to streamline user on-chain operations and increase blockchain adoption.

According to BlockBeats news on November 8th, Eowyn Chen, the CEO of Trust Wallet, stated at the "Binance Blockchain Week" in Istanbul that "usually 90% of people trade on centralized exchanges, but for the remaining 10% of brave individuals, they will try to figure out what an on-chain wallet is. They need to study the contents of the on-chain wallet they need to use, remember the mnemonic phrase and private key, and keep backups. I haven't counted how many steps these processes require, but it takes at least 10-20 steps. This is why we are collaborating with Binance to launch the Binance Web3 wallet. We hope to bring a true on-chain experience to users on centralized exchanges. Trust is working with Binance to help users participate in practice. We can now easily create an on-chain wallet. We hope to increase adoption of the blockchain, allowing users to enjoy both trading on centralized platforms and a true on-chain experience."