TrustWallet Turns Profits, Adds Solana, Targets 1B Users
The post TrustWallet Turns Profits, Adds Solana, Targets 1B Users appeared on BitcoinEthereumNews.com.
Eowyn Chen, CEO of TrustWallet, sat down for an interview during Token2049 Singapore at the main event venue. She leads one of the crypto industry’s most-used wallets globally with millions of active users. Her vision extends beyond crypto-native users to compete with traditional fintech giants like PayPal and Revolut. Chen shared TrustWallet’s transformation from losing eight-digit dollars annually to achieving eight-digit profits in 2024. She discussed ambitious plans, including the Trust Moon accelerator, advanced security measures, and strategic blockchain integrations. She exclusively revealed TrustWallet’s upcoming Solana support—the first account abstraction feature on non-EVM chains. Sponsored Sponsored TrustWallet recently unveiled a bold new roadmap to onboard 1 billion users by 2030. Could you elaborate on the core strategies or products to achieve this goal? The core goal to make this achievable is to take on bigger challenges. For the next five to ten years, we’re going to compete not just in the crypto world but with the FinTech world—meaning I’m no longer looking at MetaMask or Phantom as competitors, but I’m looking at PayPal and Revolut. That will be the following territory for us as a crypto retail product. Once we enter that kind of competition and territory, it will be a one-billion-user-based competition and opportunity. With the Trust Moon Web3 accelerator launch in partnership with Binance’s YZi Labs and AWS, how does TrustWallet plan to foster new developer and ecosystem innovations? What role do partnerships play in this strategy? Partnerships are very, very important. YZi Labs, Binance, Plasm Chain, and different chain ecosystem partners, even AWS—all our partners, because we serve projects in various ways. AWS services from the cloud and database aspects. But as a wallet, we’re the last mile for a project to test their product market fit and community acceptance with the users. It takes a village…
