Crypto Wallets Evolve into Digital Passports, Reshaping Online Identity
Digital wallets are transitioning from simple asset storage to comprehensive digital passports, integrating identity verification, payments, and access. Self-custodial wallets now facilitate secure cross-border transactions, with active users reaching 36 million in Q4 2024, boosted by innovations like gas abstraction.
Furthermore, wallets are becoming secure identity containers. The EU's Digital Identity Wallet Regulation will enable storage of national IDs and driver's licenses on mobile devices. Advanced cryptography like zero-knowledge proofs ensures secure, user-controlled verification. Wallets also grant access to token-gated communities, NFT drops, and DApps, offering a unified, interoperable authentication layer.
As Eowyn Chen, CEO of Trust Wallet, states, "The future won’t ask for usernames — it will ask for a signature."
https://cryptovka.ru/en/news/6628/crypto-wallets-transform-into-digital-passports-reshaping-online-identity
