I think there are a lot of cool wallet solutions in the last year, but I still don’t think I’ve encountered a wallet that I think would be palatable to a mainstream user who is used to going to an ATM or a bank. If I divorce myself from everything I know in crypto, I still don’t see it yet.
Humans need safety nets. This is why we gravitate towards centralization. I haven’t found a wallet that can solve for true ownership while also providing a safety net. Argent’s social recovery feature feels like it should be the solution, but somehow it’s not quite right.
We agree. I’d love to find time to chat about this. Just added on LinkedIn. 🙂
When I worked on the Apple Pay team I hard pitched self-custodied crypto within the Wallet app. Centralized because iOS, but it would be an absolute game changer for this reason specifically.
Tbh going to the atm or bank is a fairly shitty experience if you actually count the steps and time needed to get the bank account get cards so on It’s just that people got used to it
Probably best to be able to bet any form of net-banking experience. A ton of applications built by banks just don't work well, but you kinda have to use it. Fintech applications have been popular purely because of the disruption in user experience.
Coinbase wallet is decent for UX for non natives, but UX is necessary but not sufficient. Today most of what you can do is just trade crypto - we need non trading apps to drive real usage.
people remember credit card numbers/ cvv/ expiry and enter it online for commerce all the time. arguably not the best ux but solves a very important problem as long as crypto solves real problems for people, ux issues wont matter as much in the long run. utility is the far greater problem crypto needs to solve first
indeed. Main problem I see is if you need to safeguard 12 words, never gonna work. But crypto has the advantage of not being just about $. If we can figure out a x-chain non-custodial wallet without seed (à-la Argent) then can pack in XMTP e2ee chats, social, money, art, identity=>much bigger than just "fintech"