4.2.1 Characteristics

We created Coco Wallet by fusing our practical knowledge with the actual demands of users. Coco Wallet is equipped with characteristics below.

First, Coco Wallet is keyless. Of course, the absence of the private key here does not imply its absence. Although Coco Wallet still has the private key, most users won't know about it and won't utilize it. To provide a "keyless" experience, Coco Wallet will adopt and learn from those industry-leading products like Magic Link, Web3Auth, Unipass, etc.

Second, users may sign in straight away by using "social media + cell phone number," like Facebook, Google. Since users may authorize and log in straight from their mobile devices, this significantly lowers the learning curve for new users. To increase security without sacrificing convenience, "two-step verification" is required for transfers and transactions over a specific amount, while just one-step verification is needed for login.

Third, if the user forgets the login password, social recovery might help. Similarly, social recovery can assist them in acquiring the private key quite safely.

Fourth, a lot of new users who are unfamiliar with crypto are positioned to use Coco Wallet as their first wallet. We have created a variety of simple-to-use features in addition to the fundamental transfer operations to make it easier for users to acquire crypto assets and trade them. Our overarching objective is for Coco Wallet to develop into the "Alipay of Web3" and serve people in Southeast Asia and Africa on a daily basis.