Coinbase-Backed DeSo Unveils MegaSwap, a "Stripe for Crypto" product, with Over $5 Million in Volume
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Los Angeles, United States, 7th February, 2023, Chainwire
DeSois excited to announce the launch of MegaSwap – a revolutionary, cross-chain smart service that enables users to securely and easily swap coins between different blockchains with a frictionless zero-login. MegaSwap solves various critical pain points, including onboarding new users and liquidity to any web3 application across any blockchain ecosystem.
In its limited release, the platform has already seen more than $5 million in volume, demonstrating its potential to revolutionize the crypto market with cross-chain swaps.
MegaSwap offers an alternative and safer solution to the traditional centralized exchange model where users don’t ever have to log in or provide sensitive personal information. Instead of storing their coins on a centralized exchange, users can store them in their own self-custody wallets to mitigate the risk of unforeseen meltdowns, such as those seen with FTX, BlockFi, Celsius, or Voyager.
MegaSwap is a simple, innovative solution for developers seeking to build web3 applications on different blockchains. Developers can install its frictionless zero-login API with a single line of code, making their apps chain-agnostic and accessible from any blockchain. For the first time, apps on Ethereum can easily compose with apps on Solana or DeSo. MegaSwap thus makes it easier for liquidity and new users to be onboarded into any blockchain ecosystem.
“One of the biggest use cases we think will have the greatest impact is onboarding new users that don't own your coin. That all changes with MegaSwap, where devs
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