Magic Square Partners with Exodus to Integrate Passkeys Wallet across its Ecosystem
September 02 2024 - 2:00PM
Magic Square, a pioneering Binance Labs-backed Web3 app store
platform, is excited to announce its partnership with Exodus
Movement, Inc. (OTCQX: EXOD) (the “Company” or “Exodus”). This
collaboration introduces Exodus's innovative Passkeys Wallet to
Magic Square’s ‘Magic Store’ and ‘Magic Launchpad’, enabling users
to create and fund a crypto wallet in just a few taps directly
within the app, delivering unprecedented ease and industry-leading
security.
The Passkeys wallet allows users to create a wallet without
installing a browser extension and enables them to securely login
using options such as FaceID and TouchID. Users can complete KYC to
purchase crypto with a card directly within the Magic Store, all
while enjoying a seamless multi-chain experience that supports
Bitcoin, Polygon, Solana, Ethereum, Arbitrum One, Avalanche
C-Chain, Base, BNB Chain, Mantle, and Optimism. More networks will
be added soon.
“We are thrilled to integrate Exodus’ Passkeys Wallet into the
Magic Store, Magic Launchpad, and across our entire ecosystem,”
said Michael Landsberger, COO at Magic Square. “This integration
represents a significant step forward in simplifying the crypto
experience, enabling our users to manage their assets securely and
conveniently within a familiar interface. It also enhances the
onboarding process for Web2 users as they transition to Web3,
paving the way for the mass adoption of crypto across all our
products.”
Passkeys Wallet enhances user convenience and prioritizes
security with Multi-Party Computation (MPC) technology. MPC boosts
security by making it so that authenticating with a passkey is
required for a user’s wallet to take any action. The integration
also allows platforms like Magic Square to reduce drop-off rates
and grow their user base, creating new revenue streams.
“Integrating Passkeys Wallet with Magic Square's ‘Magic Store’
elevates the user experience by providing a seamless and secure way
to manage and spend crypto assets,” said JP Richardson, CEO of
Exodus. “This collaboration with Magic Square is a testament to our
commitment to enhancing the Web3 ecosystem by making it more
accessible and secure for all users.”
Magic Square and Exodus are dedicated to driving innovation and
improving the multi-chain experience for users across the crypto
ecosystem.
About Magic Square Magic Square is the first
Web3 App Store backed by Binance Labs, designed to address user
acquisition challenges, enhance user engagement, and provide a
rewarding experience through its community-driven platform. With
the recently-released Magic Launchpad, Magic Square is now a
one-stop growth solution from discovery to market release. Its
platform connects high-quality users with projects, fostering
meaningful interactions and growth. For more information, visit
www.magic.store.
About ExodusExodus is on a mission to help the
world exit the traditional finance system. Founded in 2015, Exodus
is a multi-asset software wallet that keeps design a priority to
make cryptocurrency and digital assets easy for everyone. Available
for desktop, mobile, and browser, Exodus allows users to secure and
manage their digital assets through self-custodial functionality
that is encrypted locally on users' own devices, ensuring privacy,
security, and complete control over their wealth. Additionally,
users can easily access third-party providers of services that
allow for an industry-leading 20,000+ pairs of digital asset swaps
along with the ability to buy digital assets. For more information,
visit www.exodus.com.
Contacts:
Exodussupport@exodus.com
Magic Square:partners@magicsquare.io
Exodus Movement (AMEX:EXOD)
Historical Stock Chart
From Nov 2024 to Dec 2024
Exodus Movement (AMEX:EXOD)
Historical Stock Chart
From Dec 2023 to Dec 2024