This latest announcement is part of the Opera’s broader plan of crypto wallet to make “Web 3.0” easier to access for the average consumer. In October, Opera Software AS web browser developer launched support for browser-based transactions with Bitcoin (BTC) and Tron (TRX). It follows the initial launch of an Ether (ETH) wallet in the browser in 2018.
21 November 2019, AtoZMarkets – Opera is based in Norway. It is also the first major browser to develop and integrate a native cryptographic wallet, which also supports direct transactions. The company started testing the payment function in the browser in July through a beta version of the Opera browser for Android.
Opera Initiatives for Mass Adoption of Cryptos
Opera’s move is part of a broader narrative of companies that integrate cryptocurrency into existing systems and networks that people already use. Brave Software Inc. is another web browser developer. It was first incorporated portfolio technology into its browser. That also allows users to earn cryptocurrency to perform or enable specific actions they already do with traditional browsers without gaining anything. Other platforms seeking to implement similar Web 3.0 features are also active.
Cryptocurrencies are also even more prevalent in developed countries than in developing markets, where most financially excluded people live in the world. Opera’s initiatives to enable Web 3.0 can potentially bring cryptocurrency to several financially excluded people.
This is thanks to the popularity of the browser in the developing world, especially in Africa. Opera browsers are famous for their backup data features. The company said data savings on its products had saved users in Africa nearly $ 100 million in 2018.
Therefore, making e-wallets easily accessible to this consumer group could be a big step towards using cryptocurrencies. It hopes to provide financial services to unbanked and underbanked people. In addition to Bitcoin, Ether, and Tron, the Opera cryptographic wallet also supports the ERC-20 and TRC-10 tokens. Multiple decentralized financial products, or Defi, are already being developed using some ERC tokens.
Opera’s willingness to expand Web 3.0 access could also have an impact on the nascent African betting industry. In Kenya, Nigeria, and South Africa, the combined size of the gambling market was estimated at $ 37 billion in 2018.
People asked how the latest Opera developments could potentially help new onboard crypto users through the game. Justin Sun, TRON’s founder and CEO, replied that Wink, a decentralized application built on the channel Tron blocks now works with seamless combination.
“Now users can simply use the Opera to play Wink by connecting to Wink.org without using a third-party portfolio. However, we expect to see more TRON DApps applications integrated with Opera in the future in the same way.”
Think we missed something? Let us know in the comments section below.