x.com/phantom” target=”_blank” rel=”noopener”>Ghosta leading crypto wallet in the Solana ecosystem, recently announced the acquisition of the wallet-as-a-service platform. x.com/bitski” target=”_blank” rel=”noopener”>Bitsky.
In the coming months, Phantom plans to fully integrate Bitski's team and technology into its ecosystem, with existing Bitski products disappearing as users transition to Phantom's integrated wallet solutions.
While terms of the deal were not disclosed, the acquisition was finalized with Bitski joining Phantom's existing team of more than 80 employees.
Integrated Wallets for Mass Adoption
Phantom aims to simplify the onboarding process for new users by eliminating the need to manage complex seed phrases and lowering barriers to entry into the crypto market by allowing users to register and log in using only their email addresses, Apple, Google or x. without compromising security.
Brandon Millman, CEO of Phantom, celebrated the acquisition saying: “By bringing the Bitski team to Phantom, we are not only adding technological expertise, but we are aligning ourselves with a team that shares a common vision that users should be able to log in.” . web3 applications as easily as any web2 application.”
Raj Gokal, Co-Founder of Solana, expressed his excitement and commented, “This move will make it much easier for people to get on board with dApps and navigate the Solana ecosystem. Phantom is doing a great job at simplifying things and improving the overall user experience, and we couldn't be happier to support his efforts.”
Donnie Dinch, co-founder and CEO of Bitski, also shared via Bitski’s official website: “This is a big step towards a future where ownership is a standard part of the internet. “We are delighted to continue our mission of making property accessible to all.”
Phantom is also seeking collaboration with Solana blockchain developers to advance integrated wallets and onboarding solutions. Developers interested in partnerships can contact Phantom to help grow the ecosystem.
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