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Trust Wallet CEO Predicts ‘Amazon Web3’ Future for Crypto Wallets

Author: Content Editor
Eowyn Chen, the CEO of Trust Wallet, discusses the challenges faced by the crypto wallet industry in an interview with BeInCrypto. She highlights the struggle for profitability among most wallets and predicts the disappearance of web extension wallets in favor of dApp-embedded functionality. Chen also explains the meaning behind her chosen name, Eowyn, which serves as a personal reminder to prioritize project success over personal gain. She emphasizes building Trust Wallet to last beyond its founders and to promote integrity and mission focus. Chen mentions the regulatory concerns faced by the company, especially in light of the SEC case against Coinbase Wallet. She also discusses the future landscape of the crypto wallet industry, noting that most wallets are not profitable and that new chains no longer attract new users. Trust Wallet's focus is on retaining existing users by providing a one-stop shop for multiple chains. Chen mentions upcoming changes and new features, such as smart contract integration, to enhance the user experience. Scalability remains a major challenge for the multi-chain wallet, as it requires providing users with a consistent and simple experience across different chains. Chen envisions the future of wallets to include B2B services like Wallet-as-a-service and a concept similar to "Amazon Web3," offering various utilities and seamless user experiences by embedding wallet functionality in dApps.

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