Circle developer-controlled wallets can address several pain points for both web3 users and developers.
The solution aligns well with the USDC integrations we at Web3 Enabler offer for leading enterprise SaaS platforms like Salesforce. While not as popular as USDC, Circle also offers EURC, a EUR-pegged currency available in many EU companies as Circle keeps pushing it’s effort. As Circle Alliance partners, We also have upcoming plans to build USDC programmable wallets for Salesforce.
Challenges Users Face When Transitioning from Web2 to Web3
The web3 onboarding process is tricky, in part because if required an understanding new concepts, such as the following:
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- Seed phrases for private keys
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- Gas fees
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- Ensuring proper key management
Developer-Controlled wallets, one of the two infrastructure models offered by Circle’s programmable wallets, empowers developers to simplify users from these complexities. We at Web3 Enabler share this mission of simplifying the user experience of web3.
Developer Pain Points Circle Developer-Controlled Wallets Can Address
Programmable wallets, particularly Circle developer-controlled wallets, can enable developers to manage the following for their applications’ users, in order to protect users from a security perspective.
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- Private keys
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- Authentication
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- Authorization
Web3 Enabler’s programmable wallets for Salesforce will further streamline this process by empowering corporate IT departments to manage the above information and configurations from their existing infrastructure.
Special Corporate Concerns for Web3 Wallets
Corporations base their operations on officers and lines of authority. Web3 Wallets are at their core based upon individuals. Making certain that corporate assets are managed by corporate roles instead of individuals is important for corporate adoptions. A treasury job of “manage crypto wallets” may be assigned to a member of the finance team. Without corporate managed wallets, you cannot transfer that wallet without the holder of the private key consenting, which ties the wallet to the individual instead of the role.
Further Insights from a Circle Engineering Visionary
Tobias Golbs, Engineering Manager at Circle, explains some of the aforementioned concepts on the Circle YouTube channel.
