Zengo Wallet Integrates THORChain for Low-Fee, Secure Self-Custodial Swaps

Zengo
Wallet,
a
leading
self-custodial
wallet
known
for
its
no
seed
phrase
vulnerability,
has
integrated
THORChain
to
launch
a
new
in-wallet
swap
solution.
This
integration
allows
users
to
swap
native
assets
such
as





Bitcoin
(BTC),
Ethereum
(ETH),
and
many
others,
without
compromising
the
custody
of
their
assets,
according
to

Nine
Realms.

Enhanced
Security
with
MPC
Technology

Zengo
Wallet
utilizes
Multi-Party
Computation
(MPC)
technology
to
eliminate
the
need
for
seed
phrases,
enhancing
security
by
preventing
phishing
and
hacking
attempts.
Since
its
establishment
five
years
ago,
no
Zengo
wallet
has
been
compromised,
making
it
a
trusted
option
for
crypto
enthusiasts.
The
wallet
supports
multiple
chains,
including
Bitcoin,





Ethereum,
Polygon,
Arbitrum
One,
Optimism,
Base,
Dogecoin,
and
Tezos,
among
others.

THORChain’s
Role
in
the
Integration

THORChain
is
a
decentralized
liquidity
protocol
designed
to
facilitate
secure
cross-chain
swaps.
It
employs
Threshold
Signature
MPC
technology
to
secure
native
assets
across
various
chains.
By
integrating
THORChain,
Zengo
aims
to
provide
an
on-chain
alternative
to
centralized
exchanges,
allowing
users
to
maintain
self-custody
of
their
assets
while
enjoying
the
functionality
of
an
exchange.

Shared
Vision
for
Self-Custodial
Solutions

Both
Zengo
and
THORChain
share
a
vision
of
advancing
self-custodial
solutions
in
the
cryptocurrency
space.
Their
collaboration
leverages
MPC
technology
to
enhance
the
security
and
usability
of
self-custody.
This
partnership
aims
to
bring
the
convenience
of
centralized
exchanges
directly
to
users’
wallets,
making
asset
management
more
secure
and
efficient.

Additional
Features
and
Support

Zengo
offers
24/7
live
in-app
support
and
a
premium
Pro
subscription
that
includes
advanced
security
features
such
as
Theft
Protection
and
Legacy
Transfer,
an
inheritance-style
feature.
The
integration
with
THORChain
further
enriches
the
user
experience
by
providing
low-fee
swaps
without
requiring
users
to
surrender
control
of
their
assets.

Community
Engagement
and
Upcoming
Events

The
Zengo
and
Nine
Realms
teams
will
host
a
joint
session
on
Twitter
Spaces
(X)
on
Wednesday,
June
17th,
to
discuss
the
integration
and
answer
community
questions.
Users
can
join
the
conversation
via
the
provided
link:

Twitter
Spaces.

More
Information
on
THORChain

For
those
interested
in
learning
more
about
THORChain,
several
resources
are
available,
including
weekly
Twitter
Spaces,
educational
content
on
THORChain
University,
and
update
videos
on
GrassRoots
Crypto.
The
community
can
stay
informed
through
various
channels,
including
Telegram,
Discord,
and
Reddit.

Image
source:
Shutterstock