Nexo wallet head of product Elitsa Taskova recently sat down with Akiba, the host of the SlateCast podcast, to discuss the company’s new non-custodial wallet. The timing of the launch is particularly interesting, given the recent issues with exchanges and the increasing focus on non-custodial solutions.
Nexo itself has been in the firing line recently as one of its offices in Bulgaria was raided by the authorities. In response, Nexo co-founder Antoni Trenchev, denied complaints made against the company.
According to Taskova, the development of the wallet took several months and involved a lot of uncertainty and decision making. The team decided to focus on creating a smart wallet that uses smart contracts, and they also decided to make the wallet custodial-free, as they believe users should have full access to their own keys.
One of the key differentiators of the Nexo wallet, according to Taskova, is the combination of being a smart wallet and a non-custodial wallet. The wallet’s smart contract capabilities allow for greater flexibility and the ability to create new and innovative solutions on top of blockchain technology. The non-custodial aspect of the wallet is also essential, allowing users to have full control over their own keys and coins.
In terms of user experience, Taskova stressed the importance of removing obstacles and making the process of using a wallet as simple as possible. The Nexo wallet features a “learn” section that provides users with educational materials and information on various aspects of blockchain and wallet technology. This allows users to learn and understand more about the technology as they use it, rather than being overwhelmed with information at first.
Taskova also discussed the roadmap for the wallet, mentioning that the team is adding more features, such as Wallet Connect, which will allow users to interact and log in to sites using the wallet. They also plan to further develop the earning capabilities of the wallet, such as running a deficit and enabling a marketplace for NFTs.
From a business standpoint, Taskova believes the timing of the Nexo wallet launch is good, as it shows the company’s understanding of the importance of non-custodial solutions. With the recent issues surrounding exchanges and their ability to provide secure storage of user funds, the launch of a non-custodial wallet allows users full control over their own keys and coins. The wallet’s smart contract capabilities also allow for greater flexibility and the ability to create new and innovative solutions on top of blockchain technology.
Overall, the Nexo wallet seems like a solid option for anyone looking for a non-custodial wallet solution. With its user-friendly interface and emphasis on education, the wallet makes it easy for users to understand and use technology. Furthermore, the team’s focus on adding more features such as Wallet Connect and further developing the earning capabilities of the wallet is also promising. It shows your dedication to improving the user experience.
In conclusion, the Nexo wallet can be a great option for anyone looking for a non-custodial wallet solution. Its smart contract capabilities and user-friendly interface are intended to make it easy for users to understand and use the technology. The team’s focus on adding more features and building out the earning capabilities of the wallet is also promising, and the timing of the launch is particularly exciting given recent issues with exchanges and the increasing focus on non-custodial solutions.
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