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Opera Launches Cryptocurrency Wallet on its New Android Web Browser

Today, Opera launched an Android Web browser, Web 3.0 which features a cryptocurrency wallet. The wallet can be used to store Ethereum and in future, other virtual currencies. This makes the Norwegian-owned Web browser the first to feature a wallet for storing digital assets.

First Opera Mobile Browser Based on Blockchain Technology

Web 3.0 unlike other browsers from Opera is powered by Blockchain technology. It allows users to access the internet and also store ERC 20 tokens such as Ethereum. That being the case, it does not support the storage of cryptocurrencies like Bitcoin, which do not follow the rules of this networking standard.
Asides from that, those who want to access their digital funds from Opera’s desktop web browser, will be able to do so shortly. Whether they are using a computer running on the Windows, Mac, or Linux operating system, their stored asset will be accessible.

Application to Encourage the Use of Cryptocurrency in Real Life

Krystian Kolondra, the Executive Vice President of the company, said they are hoping that the app will encourage the use of cryptocurrencies. These digital assets will move from the point of speculation and being used for investments, to aid in carrying out transactions in real-life.
Opera has also added that the aim of developing the application is to bring about ease in accessing cryptocurrencies. Users will no longer have to rely on a special browser or the same extension to do so. Moreover, Web 3.0 is user-friendly which brings about ease of use just like any regular platform like Google or Facebook.

Opera to Compete With Web Browsers Owned by Google

Opera’s intention with the development of Web 3.0 may be to compete with Google who has the monopoly of the market. The said app has gotten the attention of reputable members of the crypto-industry. Joseph Lubin, the co-founder of Ethereum, remarked that the incorporation of modern technology into Opera’s browser is a significant and innovative step.
The co-founder also added that;

We see this as an important moment in improving dApp accessibility, opening Web 3.0 to mainstream audiences, and encouraging developers to build on Ethereum.

The launch of this app comes after the Norwegian company had released an anti-cryptojacking software on its mobile browsers in January. This is an app that prevents the unauthorized mining of cryptocurrencies on a person’s phone. These are operations that can occur on visiting certain web pages on the net. They can cause the phone to lag while also draining it of its battery power.

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