The security of web3 wallets is a serious matter, which impacts the progress in the adoption of cryptocurrencies and stablecoins. Authentication is an important category of web3 wallet security measures, in addition to traditional web2 applications. Programmable wallet authentication addresses some critical pain points associated with self-custodial web3 wallets.
Authentication Innovation
Single sign-on (SSO) allows users to log into an application using one of their existing accounts, such as the following.
- Twitter/X
Single sign-on provides the following benefits for users.
- Enhanced security: Having fewer sets of login login credentials to remember means having fewer credentials to potentially be compromised by bad actors.
- Improved user experience: SSO simplified the login process across applications and services
- Increased productivity: Users can reallocate time and energy previously spent on managing many sets of login credentials.
- Regulatory compliance: SSO helps organizations to meet regulatory requirements, such as data protection measures outlined by Sarbanes-Oxley (SOX).
Web3 Wallet Pain Points
Like other types of systems, crypto wallets have associated security risks and secure design trade-offs. Self-custodial crypto wallets like MetaMask security issues. For example:
- They require a password
- Users can lose access to their wallets (and the assets stored in those wallets) if they forget / misplace their private keys and/or seed phrases.
Circle’s Programmable Wallet Authentication Solution
The Circle programmable wallets support several login options, including:
- Social
- PIN
Web3 Enabler’s Programmable Wallet Authentication
Our Blockchain Payments product empowers users to accept USDC in Salesforce, the world’s #1 ranked customer relationship management (CRM) platform.
We pride ourselves in our ability to make it extremely simple for Salesforce Administrators to manage Web3 wallets directly in Salesforce.
Learn more about the wallets with which our product is compatible. As a Circle Alliance Partner, we also plan to provide our users with use and developer controlled programmable wallets.
