The PINTU Application Launches The First Web3 Wallet In Indonesia

Photo: Doc. DOOR

JAKARTA - PT Pintu Kemana Saja with the platform PINTU, trading platform and investing in crypto assets in Indonesia presents Web3 Wallet Doors. the first Web3 wallet in Indonesia which is simple, safe, and trusted to explore the Web3 ecosystem. The presence of Web3 Wallet Door makes it easy to access various crypto assets, collect non-fungible tokens (NFT), interact to various Decentralized Applications (dApps), Decentralized Finance (DeFi) platforms, to Decentralized Exchange (DEX).

Jeth Soetoyo, Founder & CEO of PINTU, said that the Wallet Web3 Door is designed to simplify the complexity that exists in accessing the Web3 world.

"The Web3 Wallet door does not only provide easy access, but prioritizes user safety by using Multi-Party Computation (MPC) technology to increase security in interacting in the Web3 world," he said in a written statement, Tuesday, March 19.

The Web3 Wallet door uses MPC technology, which is multi-party computing technology that provides a high level of security. As a non-custodial or self-custody wallet, MPC technology allows Wallet Web3 Doors to have advantages such as centralized and self-custody wallets, but still prioritizes decentralization features.

Reporting from Pintu Academy, MPC Wallet can solve problems experienced by traditional crypto wallets by distributing private key ownership to several parties, where each party only has a portion of the key called strict or key share. This way of working can minimize the risk of single failure (single point of failure) and the threat of hacking.

"It's easy and safe to be the main thing that we present in the Wallet Web3 Gate. From a security perspective, users don't have to worry about the risk of losing the seed price or finding difficulties in complicated processes. The use of MPC technology can eliminate the user's need to manage or memorize the seed price without the need to sacrifice the safety and self-custody benefits," said Jeth.

Jeth added, the ease of accessing the Wallet Web3 Door can be felt through a simple user interface (UI) (interface) design and intuitive navigation to allow anyone to manage assets and interact in the Web3 world, even for those who have entered the crypto world for the first time.

"In addition, to provide maximum flexibility, currently the Wallet Web3 Gate has supported seven popular networks including Polygon, Ethereum, Arbitrum, Optimism, Avalanche, BNB Chain, and Base. All networks are compatible with dApps, DeFi, NFT, and DEX, and in the future the number will continue to grow. It is hoped that the presence of the Wallet Web3 Door will further increase the use of Web3 whose adoption is expected to increase," he explained.

According to a survey conducted by the Coinbase Institute in 2023 entitled 'International Survey of Web3 Adoption', global Web3 adoption is expected to increase significantly by 48% in the next three years.

"The Web3 Wallet door further confirms that PINTU has transformed more than just a crypto asset trading platform, but a blockchain technology-based company that is committed to building crypto and Web3 infrastructure in Indonesia is more user-friendly. Through the various products and initiatives that we present, we are committed to realizing the great potential of crypto and Web3 assets to the Indonesian people through the presence of a world-class comprehensive platform," concluded Jeth.