What is Zengo ?
ZenGo is a revolutionary blockchain-based platform that simplifies the use of cryptocurrencies and digital assets. Developed by the Israeli company KZen Networks in 2018, ZenGo combines security, engineering, and cryptography expertise to create a powerful financial platform that users can trust. Founded by Gary Benattar, Ouriel Ohayon, Omer Shlomovits, and Tal Be’ery with a goal in mind to reduce the technical barriers that have traditionally hindered mainstream adoption of cryptocurrencies, ZenGo is also noted for raising an impressive $20 million Series A investment towards achieving their mission of making crypto accessible. Thanks to their passion for developing top-notch user interfaces and strong security protocols, ZenGo promises to provide users with an easy way to access and manage crypto services on multiple digital assets.
Key Features of Zengo Wallet
ZenGo, the mobile cryptocurrency wallet, is an accessible and user-friendly platform ideal for people new to the world of digital assets. With ZenGo, no seed phrase is required for coin recovery and users can access their funds through facial recognition. Enabling quick and easy transactions, the wallet supports Bitcoin, Ethereum, NFTs and other Web3 supported assets. On top of this, ZenGo delights their users with additional benefits like cashback rewards for first-time buyers, commission on purchases if friends are invited to join, plus it extends support by offering real-time data on investment performance and market data tracking for more informed trading. With all these features available at one’s fingertips, ZenGo is certainly making Crypto more accessible than ever before.
Security
The crypto wallet offers incredibly safe cryptocurrency storage and their facial recognition software, powered by Zoom, adds another layer of security to your wallet. Unauthorized access is prevented with a two-factor security system through the use of a scan of one’s face and two separate decryption codes stored in different locations. In order to showcase the trickiness of this form of defense, ZenGo even put out a hacking challenge for a virtual wallet with 1 Bitcoin in it – but no one was able to breach the security. This level of assurance has made ZenGo a top choice in digital wallets and sets it above its competitors when it comes to convenience and security.
App usability
ZenGo Mobile App is living up to its promise of simplifying cryptocurrency trading. With its intuitive interface, you can easily buy, sell and trade cryptocurrency with just a few taps on your phone. What’s more, you can track your investments at a glance without memorizing complicated passwords and private keys; thanks to the facial biometrics security protocol that offer you true peace of mind knowing that your coins are safe if you ever lose your handset. Zen Go makes buying and selling crypto simpler than ever before.
Conclusion
ZenGo is an innovative mobile cryptocurrency wallet that supports popular coins such as Bitcoin and Ethereum. With a user-friendly interface, the wallet makes it easy to manage cryptocurrencies securely, eliminating the need for a password or private keys. Whether you’re looking to buy, sell, or trade cryptocurrencies, ZenGo has users covered with intuitive features such as coin staking and interest. Users can even cash out their Bitcoin into national currencies if they wish. As of yet, however, ZenGo only supports a limited number of cryptocurrencies. Nevertheless, its standout security and convenience make it worth considering for those looking for a reliable mobile crypto wallet.
With cyber threats increasing every day, crypto users are looking for better-secured wallets on Web3. Enter ZenGo, the world’s first crypto wallet to use Multi-Party Computation (MPC) technology. This cutting-edge technology removes the usual weak link of a single private key, making it one of the most secure crypto wallets available. Not only does this guarantee near hackproofing, but also makes it incredibly easy to recover from almost any situation – allowing users to access their digital assets from anywhere at any time. Rolling out sophisticated tech usually reserved for multi-billion dollar organizations gives average crypto users unprecedented security and peace of mind guaranteed by ZenGo.
