Giddy Smart Wallet Integrates Ethereum to Enhance Functionality

Giddy, a self-custody smart wallet with advanced private key technology, has integrated Ethereum, the leading smart contract platform. This integration aims to improve the wallet’s functionality and accessibility across multiple networks, ultimately enhancing the user experience.

Giddy Expands and Supports Ethereum

Giddy Smart Wallet aims to provide its users with an easy retail experience, offering access to decentralized finance (defi) opportunities. Initially launched on Polygon, the wallet now expands its support to Ethereum and plans to integrate other EVM-compliant Layer 1 and Layer 2 platforms like Arbitrum, Base, and BNB Chain in the future.

Private Key Technology

Giddy Wallet features a unique private key technology that enhances security. The recovery phrases are divided into three parts: a user-generated password, a personal device or mobile device, and a social login (such as Google Gmail or Apple ID). This division reduces the risk of compromise, and users can recover their wallet and funds even if any part is lost. They also have the flexibility to export their private keys to a destination of their choice.

Eric Parker, CEO and co-founder of Giddy, describes their private key management solution as a “game-changer among cryptocurrency wallets.” This technology simplifies the user experience by breaking down the private key into multiple factors owned by the user, empowering them as a result.

Giddy Wallet also has plans to list Bitcoin, allowing users to purchase multiple currencies using fiat currencies directly from the wallet. Additionally, users can exchange tokens, buy items from supported brands in 150 countries, and send assets.

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