Latest news with #wallets
Finextra
2 days ago
- Business
- Finextra
Stripe buys crypto wallet startup Privy
Payments giant Stripe is acquiring crypto wallet infrastructure startup Privy for an undisclosed fee. 1 The deal is part of Stripe's aggressive push back into crypto following a six year hiatus, building on its recent $1.1 billion takeover of stablecoin platform Bridge. Founded around three years ago, Privy aims to make it easy for developers to build products on crypto rails. Through a single API, clients can spin up wallets rather than use external ones, sign transactions, and integrate any onchain system. The firm now claims to power over 75 million accounts across more than 1000 developer teams, orchestrating billions in transactions. Among its clients are trading platform Hyperliquid and restaurant app Blackbird. Like Bridge, the startup will operate as an independent product under Stripe. Say founders Henri Stern and Asta Li: "Joining Stripe will accelerate our work to shape this future and provide powerful new capabilities to Stripe and Privy customers alike. Together, we can change how value moves through the Internet."
Forbes
2 days ago
- Business
- Forbes
Three Crypto Wallet Trends You Can't Afford To Miss In 2025
Crypto Wallet Trends in 2025 (Photo by Smith Collection/Gado/Getty Images) If you're anything like me, you've seen crypto wallets evolve from niche products into indispensable superapps shaping how millions globally interact with blockchain technologies. But I wanted to see it in the data. So, I found the new report from Dune Analytics and Now, having done a deep dive into the Dune and Addressable "Crypto Wallets 2025" report, three transformative themes stand out—smart wallet innovation, wallet ecosystems evolving into financial superapps, and clear geographic trends shaping wallet adoption. Mats Olsen, Dune's Co-founder and CTO Dune's Co-founder and CTO, Mats Olsen, explained to me, "At Dune, we believe data is the backbone of innovation in web3. Our mission has always been to make crypto data accessible. It's important to note that wallet data isn't just a tool for analytics—it's the foundation for building smarter, more intuitive applications that empower users to own and navigate their digital lives. " Let's unpack these powerful shifts and what they mean for the future of crypto. Smart wallets are unlocking a better crypto UX. These Smart wallets work thanks to new technology called account abstraction and something known as ERC-4337. These let wallets do more advanced things—like letting you log in without a password, making transactions without paying fees yourself, and even recovering your wallet if you lose access. The Dune and Addressable report pulled out the essentials on Smart Wallets. The most notable growth story? Coinbase Smart Wallet, which saw weekly active users jump from 15,000 in January 2025 to over 40,000 by April 2025, largely due to its native integration with Base, Coinbase's Layer 2. This flywheel—app onboarding + onchain execution—has positioned it as the most prominent consumer-facing smart wallet. And, Base has emerged as the leading network for smart wallet activity, with over 65% of smart account deployments and 87% of all UserOperations by April 2025. It's become the go-to execution layer for high-frequency, low-cost smart wallet usage. Although Safe dominates in raw deployment numbers—43 million accounts and 63% market share—many of these are backend implementations, such as those automatically deployed by apps like Worldcoin. In contrast, platforms like Coinbase Smart Wallet are seeing direct consumer usage and growing retention, now approaching 60% returning user rate. So what's the real takeaway? Smart wallets are shifting from technical novelty to infrastructure backbone. Whether embedded in apps or powering direct user interactions, they're defining the next era of Web3 onboarding. Just like superapps in Asia—such as WeChat or Grab—combine everything from payments to messaging into one app, crypto wallets are transforming into all-in-one financial superapps. They're becoming central hubs where users can manage every aspect of their digital lives. But what exactly are these wallets doing—and why does it matter? Today's wallets go far beyond storing tokens. They now offer integrated tools that make engaging with crypto simple, fast, and powerful: These services once required using multiple platforms and tools. Now, they're accessible with just a few taps from a single wallet. And the adoption is real: Phantom Wallet Supporting this shift are infrastructure providers like Privy and Reown. Privy, for instance, allows apps to create secure wallets at login—in under 200 milliseconds. That makes it easy for new users to get started and for developers to build wallet-native experiences. And did you know that AI Agents now have their own Crypto Wallets? In short, wallets are no longer just tools for crypto insiders. They are quickly becoming the financial superapps of Web3—combining banking, investing, gaming, and identity into a single, streamlined experience. One of the most eye-opening insights from the Dune Analytics and Addressable report is the clear geographic diversification in wallet adoption. In Asia, custodial wallets like OKX and Bitget dominate, driven by ease-of-use and strong local brand recognition. OKX alone controls a substantial portion of wallet capital in countries like South Korea and China, highlighting trust in custodial models in these regions. On the flip side, non-custodial wallets like MetaMask and Phantom have built strong user bases globally, especially in emerging markets. Nigeria, India, Indonesia, and Vietnam consistently rank among top countries in wallet usage. Here's the catch: while user numbers soar in these regions, capital concentration remains firmly skewed toward developed markets like the U.S., South Korea, and Europe. Asaf Nadler, COO and Co-Founder, Addressable And in chatting with Asaf Nadler, COO and Co-Founder, Addressable, he revealed some more findings. 'This report marks the first time we've been able to explore the concrete user behavior of over 20 leading wallets across 15 million users—made possible by Addressable's ability to match wallets to real individuals and their actions. The user data revealed two critical new insights: first, that emerging markets like Nigeria and India aren't just participating—they're leading global crypto adoption and may deserve far more strategic focus; and second, that the wallet landscape is highly saturated, with fewer than 10 players dominating user market share. These findings reshape how we think about growth, competition, and the next frontier of crypto adoption.' This dual dynamic poses fascinating strategic implications. Wallet providers must balance high-volume user acquisition strategies in emerging markets with high-capital management strategies in developed regions. It's a complex yet thrilling balancing act that will shape the future growth trajectory of wallet ecosystems. If you're tracking crypto trends, it's clear that wallets are no longer peripheral—they're central to the user journey and blockchain adoption. Smart wallets are rapidly becoming essential infrastructure, financial superapp functionalities are redefining user expectations, and geographic diversification is shaping global adoption strategies. As we look forward, I see wallets not just as storage or transaction tools, but as comprehensive gateways redefining digital identity, financial inclusion, and crypto usability globally. And as the lines between traditional financial services, web3 infrastructure, and seamless UX continue to blur, wallets will undoubtedly remain at the heart of crypto innovation. So, what's next? With standards like Ethereum's EIP-7702 enabling even traditional wallet users to upgrade to programmable smart accounts, we're entering a new era where wallets become smarter, more versatile, and integral to every digital interaction. Buckle up—wallets aren't just evolving; they're transforming crypto from niche to mainstream right before our eyes. Did you enjoy this story about the new and Dune Analytics report on crypto wallets? Don't miss my next one: Use the blue follow button at the top of the article near my byline to follow more of my work.
Fox News
2 days ago
- Business
- Fox News
Wallets any dad would love for Father's Day
Finding the perfect gift for Father's Day can feel daunting, especially when you want to balance practicality with thoughtfulness. That's why wallets are an excellent choice—they're functional and personal, reflecting their style and daily needs. Wallets come in various styles, making finding one that suits their personality and lifestyle easy. It's the perfect practical gift for the guy who has everything. Whether Dad values classic craftsmanship or modern functionality, a wallet is a gift that seamlessly blends sentiment with utility. Here are 10 options to consider this Father's Day. This Bellroy zipper wallet is a versatile and secure option for men who want to keep their cash and cards secure and safe. With a zipper closure, this leather wallet ensures that nothing falls out and adds an extra layer of security while still staying slim enough to fit in your pocket. We also found a similar style at Amazon at a lower price. If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. Original price: $44.99 This Rodeo wallet from Carhartt has a longer, rectangular shape with enough space to hold a checkbook in Carhartt's signature rugged leather. It features plenty of compartments for organizing checks, business cards, receipts, cash and cards. If you want something a little more decorative, check out this deer-emblazoned House of Jack Co style for under $40 at Amazon, perfect for the hunting enthusiast. This Ralph Lauren leather bifold wallet is made from pebbled full-grain leather and features the timeless and iconic Polo logo. The wallet offers multiple card slots, a fully divided currency pocket and a coin pocket, providing ample space to stash essentials. This durable Manhattan Portage travel wallet is designed to go the distance for those who are frequently on the go or travel internationally. It has 10 compartments to hold passports, boarding passes, travel cards and other documents in addition to cash and credit cards. If you don't need quite as much space, check out this version at Amazon for under $50. The Fossil Everett bifold with flip ID is a versatile wallet that combines traditional design with modern features. Crafted from leather with polyester webbing trim, it includes a bill compartment, two ID windows, two slide pockets and six credit card slots for under $20. The flip ID feature adds convenience, allowing easy access to identification cards. The Royce New York RFID blocking wallet is handcrafted from full-grain leather, offering a luxurious look at under $100. Its slim profile fits comfortably in pockets, and the RFID-blocking technology protects against electronic pickpocketing and identity theft. You can also find a range of wallets with RFID-blocking features on Amazon, like this one from Buffway for under $20. Original price: $12.99 This Travelambo front pocket wallet is compact, slim, and has a just a few card slots. Front pocket wallets offer easier access, added security and better posture, as carrying a wallet in your back pocket can lead to discomfort over time. Fossil makes slim wallets too, with a magnetic closure if you prefer. The Bellroy Hide and Seek wallet offers a minimalist design with innovative features. This leather wallet includes hidden compartments for extra bills and cards, which help keep the wallet slim and organized. The RFID protection safeguards against digital theft, ensuring peace of mind. You can find a different style at Walmart with similar features for under $30. Original price: $40 The House of Jack Co money clip wallet is a smart, modern solution for those who prefer to carry cash. It features a strong clip on one side that securely holds bills while offering card slots for essentials in stylish stitched leather. Metal money clip carryalls are also a popular option and here is one at Amazon that's around the same price as the leather version. This Perry Ellis magnetic card case is made from high-quality leather and offers a polished and professional look while still being durable enough for everyday use. Its compact size makes it ideal for carrying in a pocket without creating bulk, perfect for dads who prefer to travel light. Also consider this money clip card case from Coach.
Finextra
4 days ago
- Business
- Finextra
Crypto infrastructure platform Turnkey raises $30 million
Turnkey, a leading provider of secure, flexible, and scalable crypto wallet infrastructure, today announced $30 million in Series B funding, bringing the company's total funding to more than $50 million. 0 Bain Capital Crypto led the round, with participation from Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant. Since launching in 2022, Turnkey has become the engine behind millions of onchain transactions, enabling developers to embed secure, scalable wallets directly into their products. Its customers include Bridge (a Stripe company), Magic Eden, World, Alchemy, Polymarket, and more. 'Usability and security issues with crypto wallets have held back crypto adoption," said Bryce Ferguson, CEO and co-founder of Turnkey. "If you want people outside of tech enthusiasts to use crypto, you need to make crypto wallets as easy and secure as popular payments apps like Venmo or CashApp. That's what we're focused on at Turnkey: building infrastructure for the best possible crypto wallet user experience, and powering the adoption of crypto for generations to come." Fintech and crypto companies globally have adopted Turnkey's programmable crypto infrastructure. Developers can use Turnkey's API and open-source SDKs to integrate crypto wallets into their apps, automate complex signing workflows at scale, and implement granular policy controls. Turnkey's core technology differentiator lies in offering the first verifiable key management system of its kind, as detailed in the company's 2025 white paper. Turnkey has raised its Series B funding after achieving a number of technological and business milestones, including: • Onboarding customers across DeFi and trading, developer tooling, payments, and consumer applications. Scaling the number of signed transactions across Turnkey embedded wallets to millions weekly. • Open sourcing QuorumOS, the operating system for Turnkey's end-to-end verifiable computing environment. • Launching dynamic wallet infrastructure for AI agents using trusted execution environments. "In the three years since launching, Turnkey has become an industry-leading solution for creating embedded wallets, signing transactions, and automating onchain actions," said Stefan Cohen, Partner at Bain Capital Crypto. 'Many of the world's fastest-growing crypto and fintech companies are now using Turnkey because its key management platform offers the most secure and scalable way to incorporate critical crypto infrastructure into their products — from adding non-custodial wallets to enabling fast transaction signing and automating complex signing workflows. We look forward to working with the Turnkey team as they scale significantly in the years ahead." 'Turnkey is a trusted infrastructure technology partner to Polymarket,' said Mike Shrieve, Head of Research at Polymarket. 'As the world's largest prediction market with millions of dollars in daily USDC volume, we're building for scale and longevity. Turnkey's flexible key management infrastructure gives us the foundation to grow confidently and securely.' With this new funding, Turnkey will grow its team across engineering, product, marketing, sales, and operations as it expands its global presence. To learn more about joining a team with over 100 years of combined experience in cryptography, security, and low-level systems, visit Turnkey Careers. Additionally, Turnkey will continue to enhance and expand its embedded wallets and onchain automation solutions, as well as invest in open sourcing additional components of its operating system.
The Verge
08-05-2025
- Business
- The Verge
Surprise, surprise.
Surprise, surprise. Of the roughly 2 million crypto wallets that have bought Trump's meme coin, a very lucky 58 of them have managed to make more than $10 million a piece off it. Everyone else hasn't been as fortunate. In fact, 764,000 wallets have lost money on the coin.
