The usability of Web3 wallets remains a key challenge for widespread crypto adoption, according to Bitget Wallet’s COO.
Bitget has risen to become Japan’s second-largest cryptocurrency wallet, trailing only MetaMask, after experiencing significant growth in the second quarter of 2024.
Bitget Wallet’s Growth in Japan
New user adoption for Bitget’s wallet in Japan increased by over 34% during Q2 2024, making it the second most popular wallet among Japanese users, following industry leader MetaMask, as announced by Bitget to WEB30NEWS.
Alvin Kan, the Chief Operating Officer of Bitget Wallet, attributed this growth to the introduction of the Bitget Wallet Token (BWB). Kan told WEB30NEWS:
“Users earned BWB by depositing coins, performing swap transactions, and making referrals. Many Japanese influencers noticed and promoted our wallet, boosting BWB’s popularity and users’ confidence in its value and potential.”
Importance of Cryptocurrency Wallets
Cryptocurrency wallets like Bitget and MetaMask are crucial components of Web3 infrastructure, enabling users to self–custody their assets. However, the user experience and complexity of Web3 wallets remain significant hurdles for mass blockchain adoption.
Summary Review: While the Bitget Wallet has made impressive strides in Japan, the broader challenge of improving Web3 wallet usability continues to be a critical focus for driving mainstream adoption of blockchain technology.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
