Slash Vision Labs announced on August 14, 2024, that it has integrated the cryptocurrency wallet "Privy" into the Slash Vision Portal. This integration allows users to create wallets using their email addresses, aiming to promote mass adoption of cryptocurrencies.
Details and Background:
Currently, the global cryptocurrency ownership rate averages 6.8%, with over 560 million users worldwide. Countries like the UAE, Singapore, Turkey, and Argentina have ownership rates exceeding 18-25%. Stores that accept cryptocurrency payments have seen an average ROI increase of 327% and up to a 40% increase in new customers, highlighting the economic benefits. In Japan, the number of cryptocurrency accounts has reached 10,148,764, and global conferences are being held, indicating progress in social implementation.
Future Developments:
Slash Vision Labs plans to develop a crypto card integrated with the "Privy" wallet, focusing on facilitating onboarding through email-based wallet creation. This initiative aims to make cryptocurrency usage more mainstream.
About Privy:
"Privy" allows for easy wallet creation using email addresses, enabling users to onboard securely without worrying about which chain or wallet they are using. With just a few lines of code, developers can onboard all users safely, regardless of wallet ownership. Privy has raised $18 million in Series A funding and processes millions of transactions monthly.
Through these efforts, Slash Vision Labs aims to promote the widespread use of cryptocurrency payment methods and plans to actively expand its business both domestically and internationally.