Opera Mobile Browser Introduces Crypto Wallet Feature

These days it seems that one of the quickest ways to get attention for your company is to utter the words “blockchain” or “cryptocurrency.” While some have used this reality to fuel various gimmicks and promotions (see: Oscar Meyer), others have managed to integrate crypto into their existing products in a meaningful way. The latest to enter the latter category is Opera.

As TechCrunch reports, Opera has begun rolling out a built-in crypto wallet for their mobile browser. This not only lets users send and receive cryptocurrencies but also enables them to pay in crypto on sites that accept such payment using Coinbase Commerce. Currently the feature is in beta (you can join the waitlist here) and is only offered for Android.

In a press release announcing the new wallet, Opera offered their outlook for the world wide web, writing, “We believe the web of today will be the interface to the decentralized web of tomorrow. This is why we have chosen to use our browser to bridge the gap. ” They continued, explaining, “We think that with a built-in crypto wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.”

This actually isn’t the first time Opera has stepped into the world of cryptocurrency. Earlier this year Opera began offering cryptojacking protection on their mobile and web browsers. Additionally they’ve included a built-in cryptocurrency converter that allows users to highlight a price and how much something costs in crypto.

Although Opera may not be the biggest browser out there, they do have a substantial user base on mobile. As a result integrating cryptocurrencies into their browser — thus making tokens easier to store and use — could help to further adoption. Notably, while crypto has mostly been seen as an investment gold rush in recent months, the Opera Crypto Wallet offering also promotes actually spending crypto and furthering the dream of decentralization. Of course the wallet’s inclusion could also boost Opera by attracting crypto newbies who are looking for a simple solution for getting started.

Whether this move of bringing cryptocurrency support into web browsers will grow into a full-on trend remains to be seen. That said, depending on demand, such a feature could be possibly be added to “open-source” browsers like Chrome (as TechCrunch notes). Until then hopefully Opera’s Crypto Wallet proves popular and convinces some nonbelievers that cryptocurrency is for real.

Author

Jonathan Dyer

I'm a small town guy living in Los Angeles looking to make solid financial decisions. I write for a number of finance websites, including HuffingtonPost and Business2Community. I founded DyerNews.com in 2015 to focus on personal finance and the emerging FinTech markets.

Other Articles by Jonathan Dyer

Amex Launches Digital B2B Payments Platform Business Link

For consumers, these days, there's no shortage of peer-to-peer apps they can use to move money, with some popular examples including Cash App, Venmo, and Zelle. As for businesses, the list of options for sending money to vendors may be more limited. Now, a well-known credit card company and small business supporter is introducing a new platform for this purpose. This week, American Express announced the launch of Amex Business...

Carbon Credit API Cloverly Joins Visa's FinTech Partner Connect 

Last year, Visa introduced the FinTech Partner Connect program to the United States, with the goal of introducing institutions to vetted startups that could help them expand their product offerings. Now, the latest company to join the program is Cloverly. Founded in 2019, Cloverly is an API for carbon credits, allowing businesses and consumers to help fight climate change. As the company points out, with the Visa partnership, Visa clients...

Prosper Announces $75 Million Growth Capital Financing

A long-admired FinTech has added some new capital to its coffers and it continues to grow after more than 15 years in business. Recently, Prosper Marketplace announced that it had closed a $75 million debt financing round. This capital came from a fund managed by Neuberger Bergman and will be used to help Prosper meet the demand for its loans, credit card, investment products, and more. According to the company,...