Grab, the all-in-one app dominating Southeast Asia, has just added a Web3 wallet to its list of features.
With support for Polygon's blockchain and a user-friendly interface, this new addition is not just for crypto experts but for anyone interested in digital assets.
Dive in to find out how this could be a game-changer in the world of digital transactions.
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Grab Introduces Polygon-Supported Web3 Wallet
Grab, often referred to as the Southeast Asian version of Uber, has recently revealed that it has added a Web3 wallet feature in its latest update.
Grab is a multifunctional app popular in Southeast Asia, offering services like taxi and ride-hailing, food delivery, and grocery shopping. The app reportedly has over 180 million users.
According to reports, the newly added Web3 wallet feature allows users to store and manage digital assets.
Currently, the wallet supports Polygon's blockchain, and guidance on the wallet and NFTs is also available.
Cryptocurrency Asset Management and Transactions Made Easy
Information listed on Grab's official website under "Terms of Use: Web3 Wallet" indicates that the Web3 wallet allows users to store, send, receive, transfer, track, and manage digital assets and tokens.
Additionally, it is explained that a separate system for managing tokens is adopted, distinct from the fiat currencies and credits managed by GrabPay Wallet.
The wallet uses a "PIN password" instead of a private key, and account recovery involves a series of questions and answers.
This suggests that even those who are not familiar with cryptocurrencies can easily use the service.
As of the announcement, the Web3 wallet only supports two types of digital assets, including vouchers and digital collections.
However, it is reported that plans are underway to expand the types of digital assets that can be stored.
The newly added Web3 wallet is described as a "new feature available in Singapore," but given Grab's high popularity in Southeast Asia, it is expected to contribute to the broader adoption of digital assets in the region.
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