The Norwegian company Opera Software has joined the cryptocurrency trend and is testing a cryptocurrency wallet in its Android browser.
The company claims that this service, named Crypto Wallet, makes Opera “the first major browser to integrate a cryptocurrency ‘wallet’.”
The service allows you to import an existing wallet or create a new one, as well as send and receive money directly in the browser and make online purchases at merchants that allow digital currency transactions through Coinbase.
Opera’s statement reads:
“We believe that today’s web will be the interface to tomorrow’s decentralized web. This is the reason why we have decided to use our browser to bridge the gap. We believe that with a built-in crypto wallet, the browser has the potential to renew and expand its important role as a tool for accessing information, conducting online transactions and managing users’ online identity in a way that gives them more control.”
Evolving web browsers
It offers support for Ethereum, Bitcoin (BTC) and TRON (TRX) to its wallet, thus becoming the first web browser to offer this support in an integrated way, surpassing Brave, the blockchain browser that pays its users to read content. Opera thus takes the lead in the adoption of blockchain technology.
Opera places itself at the forefront of the web3 while remaining true to its principles: security for its users and innovative services. The browser’s cryptocurrency wallet is non-custodial, which means that users are in full control of their funds at all times. In addition, the developers guarantee a number of mechanisms to provide the highest security for your wallet. Opera also aims to significantly increase the usability and adoption of DApps by enabling micro-payments with cryptocurrencies.
Our experience with Opera web browser and cryptocurrency wallet
We at Vær Deg Magazine have decided to experiment with Opera to tell you our impressions. First of all, we have to say that it is very easy to access the cryptocurrency wallet and the different options it presents. Its clean interface plays in its favor.
The installation of the browser is very simple. In our case we decided to use the app available for Android and we are welcomed by a modern and clean interface.
When navigating through its menu we find the Settings option, which takes us to the Crypto Wallet option, which is located at the end of the menu.
It is enough to select it to show us the start of our wallet. We must remember that being a non-custodian wallet we must make a backup of your seed in case of emergency. In this sense, we must say that Opera has lost a point in favor of security. In order to facilitate the use of its wallet, it does not impose the backup of the seed to be able to use the wallet. A usability versus security decision that many advanced users will surely argue.
The wallet’s security integration with Android is total, you can even use your fingerprint to establish access to it. In this way, using cryptocurrency funds becomes a bit more complicated for hackers. Next, entering our password or fingerprint directs us to the final interface of the wallet. At that moment we can see that Ethereum is the default cryptocurrency with which we will start. From there we will be able to use the wallet to send and receive cryptocurrencies. It should be noted that the wallet displays information about ERC-20, ERC-721 tokens and the collectibles available to us.
Adding Bitcoin and TRON is easy. Selecting the card opens a space for adding new coins. This space enables us to add BTC and TRON to our wallet.
If we select both tokens, our wallet adds them seamlessly giving us the ability to use them. It should be emphasized that the Bitcoin addresses of this wallet use SegWit. Thanks to this, the wallet transactions will enjoy lower fees compared to the old Bitcoin transaction protocol.
With all these options, Opera becomes the strongest opponent of browsers such as Brave and CryptoTab Browser, both with cryptocurrency capabilities. The first one, focused on its Basic Attention Token (BAT) as a solution for online advertising. The second, with the ability to mine Bitcoin to offer profits to its users, although it certainly leaves much to be desired because Bitcoin is no longer minable using CPU or GPU.