Binance Messenger App, a New DeFi Integration
You may have heard about the new Binance Messenger App that has been recently launched. This app is not entirely new as it was previously only offered to VIP users. However, it is now available on the Apple Store for download, although you need an invitation to register.
The app is built on CyberConnect, a Web3 social media platform that enables developers to leverage account abstraction for social identity. It aims to allow a small user base to communicate and connect within the crypto community.
The app has stirred excitement among Binace’s users, but the CEO, Changpeng CZ” Zhao, mentioned that it is a small internal app and won’t have widespread application. Despite this, the Binance App currently has a rating of 3.5 out of 5.
Binance Turns its Focus to Communication Tools
Binance seems to be focusing on developing social tools with the release of Binance Messenger. The company launched a VIP-only group chat service last year, displaying its commitment to improving the user experience in the cryptocurrency ecosystem.
Among the many benefits of the VIP group chat service is secure, real-time communication. Users can easily engage and communicate with other Binance employees as well as their designated Key Account Manager, creating a customized support system for its esteemed customers.
Binance Launches Web3 Wallet
During the Binance Blockchain Week conference in Istanbul, Binance announced the launch of a new web3 wallet within the Binance app. This allows users to easily transition between trading, managing their assets, and intersecting with the market using the new wallet.
The new wallet uses multiparty computation (MPC) technology with advanced security features and integrated risk indicators to alert users to potential security threats associated with certain tokens or blockchains.
Hot Take: Binance’s Expanding Ecosystem
Binance recently extended its services and launched a new communication tool known as the Binance Messenger App. The app is currently available on the Apple Store for download but requires an invitation for new users to register. Binance believes this new tool will help bring in the next wave of users to its platform by allowing seamless communication and interaction within the crypto community.
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