Trust Wallet’s Eowyn Chen explains how FlexGas abstracts web3 friction
The post Trust Wallet’s Eowyn Chen explains how FlexGas abstracts web3 friction appeared on BitcoinEthereumNews.com. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With the FlexGas feature, Trust Wallet enables users to pay transaction fees using tokens like TWT, USDT, or BNB, aiming to make web3 as seamless as it ought to be. Gas fees remain one of the most persistent sources of frustration in the crypto world, often unpredictable, unintuitive, and a major barrier to broader adoption. For many users, the requirement to hold a specific network token just to complete a transaction adds unnecessary friction to an already complex system. After recently introducing Stablecoin Earn, a feature that puts idle digital assets to work, Trust Wallet is now focusing on the cost and complexity of onchain transactions. With a new feature called FlexGas, the wallet allows users to pay gas fees using tokens like TWT, USDT, or BNB, removing one of the biggest frictions in everyday crypto use. FlexGas is built on top of a new Ethereum standard that enables smart contract-based gas abstraction, and Trust Wallet is among the first wallets to implement it on the mainnet. To understand how this next step fits into Trust Wallet’s broader vision for usability and access, we spoke with Eowyn Chen, the company’s CEO. 1. Gas fees have long been a pain point for crypto users. What prompted Trust Wallet to develop a new approach to this problem now? We’ve always believed that for crypto to truly scale, self-custodial experiences need to match, or even surpass, the usability of traditional apps. Gas fees are one of the most persistent blockers to that. What made this the right time is twofold: first, Ethereum’s progress on EIP-7702 gave us a clean technical path to abstract gas natively, without compromising custody or security. Second, the…
The post Trust Wallet’s Eowyn Chen explains how FlexGas abstracts web3 friction appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With the FlexGas feature, Trust Wallet enables users to pay transaction fees using tokens like TWT, USDT, or BNB, aiming to make web3 as seamless as it ought to be. Gas fees remain one of the most persistent sources of frustration in the crypto world, often unpredictable, unintuitive, and a major barrier to broader adoption. For many users, the requirement to hold a specific network token just to complete a transaction adds unnecessary friction to an already complex system. After recently introducing Stablecoin Earn, a feature that puts idle digital assets to work, Trust Wallet is now focusing on the cost and complexity of onchain transactions. With a new feature called FlexGas, the wallet allows users to pay gas fees using tokens like TWT, USDT, or BNB, removing one of the biggest frictions in everyday crypto use. FlexGas is built on top of a new Ethereum standard that enables smart contract-based gas abstraction, and Trust Wallet is among the first wallets to implement it on the mainnet. To understand how this next step fits into Trust Wallet’s broader vision for usability and access, we spoke with Eowyn Chen, the company’s CEO. 1. Gas fees have long been a pain point for crypto users. What prompted Trust Wallet to develop a new approach to this problem now? We’ve always believed that for crypto to truly scale, self-custodial experiences need to match, or even surpass, the usability of traditional apps. Gas fees are one of the most persistent blockers to that. What made this the right time is twofold: first, Ethereum’s progress on EIP-7702 gave us a clean technical path to abstract gas natively, without compromising custody or security. Second, the…
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