BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Phantom Wallet Expands Reach: Bitcoin and Ordinals Integration Unveiled

by Chiwuike Owunwa
Dec 21, 2023 - 7:00 pm
in Blockchain
Graph illustrating Solana's price trend and key market indicators.

Unveiling a New Era for Phantom Wallet: Bitcoin and Ordinals Integration

The Phantom wallet, a leading name in the cryptocurrency wallet sphere, has made a significant stride in its offerings. The latest update introduces support for Bitcoin, along with Ordinals and BRC-20 tokens. This development marks a new era for Phantom, expanding its capabilities beyond its initial focus on the Solana network.

A Step Toward Multi-Chain Functionality

Launched in 2021, Phantom began as a wallet service predominantly for Solana users. However, recognizing the dynamic nature of the blockchain world, it has gradually shifted towards a multi-chain approach. The inclusion of Bitcoin and Ordinals support is not just a new feature; it represents a commitment to embracing a broader spectrum of the cryptocurrency ecosystem.

Beta Testing with Trusted Apps

Phantom’s team announced that these new integrations are currently in beta mode and accessible through a selection of trusted applications, such as Magic Eden and UniSat. Users interested in these features must manually activate BTC support in their wallets. This cautious approach ensures a seamless and secure integration for all users.

Beyond Blockchain Boundaries

The team’s philosophy is encapsulated in their statement: “And regardless if you’re a Solana or Ethereum maxi, or a multichain enjoyooor, there’s no denying that we wouldn’t be here without it.” This inclusive perspective underlines Phantom’s goal to cater to a diverse user base, ranging from dedicated blockchain enthusiasts to those who appreciate the flexibility of a multi-chain environment.

Empowering Users with Choice and Control

With this update, Phantom is not just adding new currencies but also empowering users with more control. The wallet now allows users to choose their preferred address type, offering options like Taproot and Segwit forks. This level of customization is a step forward in providing a personalized and user-centric wallet experience.

Future Plans and Funding Milestones

Looking ahead, Phantom is not resting on its laurels. The team plans to introduce more features, such as Ledger wallet support and customizable gas fees. While the timeline for these updates remains unclear, Phantom’s vision for a comprehensive, user-friendly wallet experience is evident.

In January 2022, Phantom secured a massive $109 million in a series B funding round led by Paradigm, propelling its valuation to $1.2 billion. This funding, supported by notable investors like Jump Capital, Andreessen Horowitz (a16z), Solana, and Variant, underscores the market’s confidence in Phantom’s trajectory and its pivotal role in the evolving world of cryptocurrency wallets.

Tags: BitcoinSolanaWallet
Chiwuike Owunwa

Chiwuike Owunwa

Chiwuike is a frontend programmer and writer with 3 years experience in the Web3. He's meticulous researcher, enthusiastic about Blockchain and the future of crypto, DeFi, and the Metaverse.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service