Service for digital security 1Password and Phantom Wallet have announced a collaboration. In order to allow asset owners to consolidate their large collections of public key addresses, seed phrases. As well as other associated security credentials into a single ‘Save in 1Password’ solution.
In fact, 1Password has over 100,000 corporate clients from a variety of industries. Including well-known names like IBM, Slack, Shopify, and Under Armour. It now operates mostly in the traditional finance sector.
1Password’s application programming interface (API) is designed to make it easier for investors to manage their cryptocurrencies. As well as nonfungible tokens (NFTs) on the Solana blockchain. By simplifying the user experience, enabling asset sovereignty, and assigning portfolio responsibility.
Some believe that 1Password, as a centralised institution, undermines the Web3 industry’s ideological consensus. Contrasting the often-proclaimed trustless thesis with an intentional emphasis on security certitude and loss prevention.
Full education on the many nuances of digital wallet security is critical
Consumers who are familiar with e-commerce and social profiling have a lot of experience with the tiresome password login and storage processes. For the safety and genuine ownership of acquired assets, full education on the many nuances of digital wallet security is critical when joining the cryptocurrency market.
“It’s crucial to note that crypto wallet logins are far more difficult than the ordinary login. Made up of long chains of letters and word strings that must be memorised and submitted without error,” said Matt O’Leary, VP of Partnerships for 1Password, before adding:
“1Password’s collaboration with Phantom is an excellent example of creativity in action… This user-centred approach to crypto wallet security created with the end-user in mind. Making it easier than ever to invest in cryptocurrency safely and securely.”
Phantom expected to be the first of several crypto-themed partners to integrate with Save in 1Password in the coming months, according to O’Leary.