News

Circle Releases Wallet-as-a-service Developer Platform

Published

1 year ago

July 6, 2023

Circle, the prominent global financial technology company behind USDC, has recently launched Circle Programmable Wallets as a Wallet-as-a-Service (WaaS) platform.

Jeremy Allaire, the co-founder and CEO of the company, confirmed this exciting news in a tweet. He described it as the firm’s first significant milestone in pushing Web3 services to production beta this week.

Allaire also mentioned that developers can easily access the platform and launch applications using the comprehensive Wallet-as-a-service documentation.

The platform empowers developers to automate and personalize the management of digital assets. It achieves this by harnessing the power of smart contracts and decentralized applications (DApps), using the programmable wallets provided by the company.

Furthermore, this new platform enables developers to seamlessly integrate blockchain-based functionalities into their wallet infrastructure. It does so by offering a user-friendly interface and developer-friendly tools, allowing businesses to develop innovative solutions.

In addition, Circle’s WaaS platform offers enhanced security features to safeguard user funds and digital assets. Circle has made significant efforts to implement strict security protocols, including multi-signature authentication and cold storage options.

These measures aim to mitigate the risks associated with digital asset storage and transactions, addressing the growing concerns surrounding cybersecurity.

Additionally, the platform provides several extra benefits. It offers operations monitoring, instant access, flexible custody options, and is not limited to a specific blockchain. Currently, it supports Ethereum, Polygon, and Avalanche, with plans to support other blockchains in the near future.

With these features in place, developers can streamline their coding efforts, allowing the platform to push the boundaries of what Web3 developers can achieve.