XRP Ledger and Web3Auth Launch 30-Second Onboarding with New MPC Wallet
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Web3 wallet infrastructure provider Web3Auth has announced the launch of the XRP Ledger MPC (Multi-Party Computation) wallet.
According to the press release, while a typical crypto wallet requires 5-15 minutes to set up, said the announcement, the Web3Auth integration “drastically shrinks” this time to 30 seconds.
It also includes ease of accessing private keys and wallets and a familiar user experience (UX).
Overall, it aims to improve UX on the XRP Ledger (XRPL), the team noted.
Furthermore, the wallet offers to its users “an intuitive onboarding journey, meticulously designed to prioritize simplicity, speed, and security.”
To improve security without compromising accessibility, Web3Auth said it provides Multi-Party Computation technology and distributes private key management to multiple parties.
“This is particularly beneficial for XRPL projects aimed at onboarding new, more unique use-cases into its ecosystem,” the announcement remarked.
Besides simplicity and speed, which the press release describes as “a larger goal,” the integration with XRPL allows for various authentication methods.
These include social and email logins, biometric verifications (i.e., face and touch recognition), and OAuth authentication pathways.
President of XRPL Commons David Bchiri commented that “open standards like Web3Auth will help the developers in the XRPL community offer seamless flows for users, making their experience simple and intuitive. “
XRPL is an open-source, public, and decentralized Layer-1 blockchain powered by the XRP coin.
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