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Amanu: Bringing Apple-Like Simplicity to Crypto Wallets

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Born in 2001 in Argentina just as the country began to experience a devastating economic crisis, Amanu founder Gianluca Minoprio saw firsthand how traditional banking systems can fail their users. This experience shaped his mission to create a new type of crypto wallet, one that aims to bridge the gap between traditional finance and blockchain technology.

Fresh off multiple wins at the Consensus 2024 hackathon in Texas last May, Amanu is now challenging conventional notions of what a crypto wallet should be (if you’d like to apply for the EasyA Hackathon at Consensus Hong Kong 2025, please go here). The startup is developing a suite of features that extend far beyond traditional wallet functionality: users will soon be able to send crypto payments through their keyboard via any messaging app, make contactless transfers via ultrasound technology and manage transactions without dealing with gas fees or having to choose a blockchain.

One of the biggest hurdles in crypto wallet adoption remains the complexity of seed phrases — the string of random words users must safely store to recover their funds. This fundamental challenge has led Amanu to reimagine wallet security beyond the non-custodial core. Amanu’s wallet uses biometric signatures, eliminating seed phrases entirely.

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«The only way to trigger the signature is through your authorization,» Minoprio explains. «The exciting part about Amanu is that it could be closed source and you’d still know how the key is managed because every time we want to trigger the key, you need to accept it.»

This represents a significant departure from traditional wallets like MetaMask in which private keys are stored at the software level. However, questions remain about crucial features such as wallet recovery if a device is lost or damaged — an essential consideration for any hardware-based biometric system.

A fundamental shift?

The expansion beyond core wallet features raises questions about the future of crypto payments. Is Amanu’s experimental approach — combining messaging, contactless payments and simplified key management — a sign that crypto’s unique properties require us to rethink digital wallets entirely? Or will these features eventually converge back to more traditional wallet interfaces?

The project’s name offers a clue to its ambitions. Derived from «amanuensis,» the name for a medieval monk that preserved knowledge by copying texts, Amanu is meant to serve as a bridge between complex blockchain technology and everyday users. «Today’s modern amanuenses are the blockchain builders because we are the few who know how to read and write inside [the blockchain],» explains Minoprio.

In the crowded crypto wallet space, where established players already command significant user bases, Amanu’s success will depend on whether its innovative features truly solve user pain points, or just add unnecessary complexity. As a result, the company’s development approach is ruthlessly user-focused. «If you pitch the feature to people and they don’t get excited about it, you can quickly decide what to focus on or not,» notes Minoprio.

Seven months into development, Amanu’s vision of making crypto payments «as easy as sending a text» is about to face its first major test with the upcoming launch of its feature enabling users to send crypto via text message. Whether this reimagining of the crypto wallet will resonate with mainstream users remains to be seen, but it represents a bold experiment in pushing the boundaries of digital payment systems.

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Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

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Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month.

June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut.

COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351.

The wider S&P 500 index rose roughly 5% in June as geopolitical tensions eased.

Washington’s progress on the GENIUS Act, Congress’s first rulebook for dollar-pegged stablecoins, helped shift investor focus from trading fees to stablecoin revenue.

The bill brightened the outlook for Circle, whose shares hit a record high and saw its market cap near that of Coinbase this week.

Coinbase keeps all yield on USDC balances held on its platform and nearly half of other USDC income, equal to about 99 percent of Circle’s revenue, giving shareholders indirect exposure at no added cost, CNBC reported Friday, citing analysts including Citizens’ head of financial technology research Devin Ryan.

Trading, however, remains subdued. Average daily volume on Coinbase has drifted lower since April.

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Robinhood Launches Micro Bitcoin, Solana and XRP Futures Contracts

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Robinhood (HOOD) has introduced micro futures on bitcoin (BTC), solana (SOL) and XRP in the United States., expanding its existing crypto futures offering for its nearly 26 million funded accounts.

Micro contracts need far less collateral than full-size futures, letting traders take directional positions while committing a smaller slice of capital.

The contracts offer traders more flexibility to bet on a cryptocurrency’s future price direction or hedge current positions given their smaller size.

The launch rounds out a futures suite that began with BTC and ETH in January. It also comes weeks after the firm closed its $200 million purchase of Bitstamp and finalized a $179 million deal for Canada’s WonderFi.

Robinhood’s data shows that crypto notional volumes have exploded upward over time, reaching $11.7 billion in May. The figure marks a 36% rise month-over-month, and a 65% growth year-over-year.

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Why is XRP Up Today? Trio of Catalysts Sees Token Outperform Wider Crypto Market

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XRP climbed 5.5% to $2.19 in the last 24 hours after a trio of catalysts converged to help the cryptocurrency outperform the wider cryptocurrency market.

One of the catalysts was launch of XRP micro futures on Robinhood. The contracts offer traders more flexibility to bet on the cryptocurrency’s future price direction or hedge current positions given their smaller size.

Regulatory fog also thinned. On Friday, Ripple withdrew its cross-appeal in its long-running U.S. Securities and Exchange Commission (SEC) lawsuit. The SEC sued Ripple back in 2020 over its XRP sales, alleging these violated securities laws. The SEC is expected to drop its own appeal, leaving last year’s ruling, ordering Ripple to pay a $125 million civil penalty to the SEC, intact. The move could lift a lid that had kept some investors on the sidelines.

On-chain data rounded out the bullish setup. The XRP Ledger logged over a 1.1 million active addresses over the past week according to crypto analyst Ali Martinez, who cited Glassnode data.

XRP’s rise saw it outperform the wider crypto market, with the broader CoinDesk 20 (CD20) index rising 1.7% in the last 24 hours.

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