Cyrus launches Wallet as a Service (WaaS) initiative

(Press release – Rarotonga, Cook Islands, June 29, 2023)

A solution enabling Web3 Wallet integration within existing enterprise platforms.

blockchain-based, Web3 initiative Cyrus Foundation has developed a Wallet as a Service (WaaS) innovation suite. The initiative involves deploying Web3 Wallet for existing businesses and platforms to create a secure value-share layer between their users.

Following the initial release of the Cirrus Web3 Wallet, the core functionality of combining user data and digital currencies provides the foundation for Cirrus to seamlessly integrate with existing platforms and web applications.

This initiative marks the first business-to-business approach in developing wallet adoption for the Cirrus ecosystem. The team commented:

“We believe we need to fast-track adoption, although our approach will always be based on what the end user wants, the world needs a sovereign solution targeting businesses and platforms alike. In simple words, we need to stop the abuse by the banks and FTX of the world. This application puts the user in ‘permitted control of their assets’ while being supported by the business. Think of it as a business saying – ‘we don’t hold your assets – you do’. co-founder, Michael Lakhu said

Without mass adoption, Web3 will continue to suffer, and its real use cases will fail to make a lasting impact. The WaaS category creates an easy entry point for companies to integrate Web3 technology and better serve their customer base.

What defines WaaS?

Wallet-as-a-Service refers to a platform that has the ability to enable Web3 functionality inside an existing application or by interfacing with a platform. Simply put, users have ownership and control over their assets, allowing them to decide how their data and currencies are used by the business they are associated with.

The team has confirmed that they have signed on their first enterprise client to serve the WaaS program, and although the recent launch of Cirrus Wallet has accelerated growth efforts in this category.

“Companies are not just going to transfer and hand back assets to their user base, but by educating businesses on the benefits of being a first-mover in this sector, we can create a domino effect – first movers, willing followers and Reluctant follower. Companies will eventually be recognized for Better Business by enabling user-controlled management – ​​almost like a Better Business Bureau endorsement. David Brown, head of Tokonomics, said

Some examples where WaaS might apply include business-distributed NFTs or tokens based on engagement, SDK kits for in-app wallet deployment, or wallets that store user accounts (data and currencies) in a more secure format. Add to exchange with other party. ,

The team suggested that the first use case would enable a more secure way to trade assets with existing centralized exchanges, preventing user assets from being manipulated or blocked by the platform.

“The most obvious option was to change how centralized exchanges operated as this was a central point of failure for our industry. We don’t need to experience the repetition of Mt.Gox, Quadriga or FTX! The world needs renewed faith in the benefits of a new Web3 standard. Director, Mike Mickle said

The team commented that the WaaS initiative is part of a larger plan to establish an open and easily accessible economy that encourages the widespread adoption of Web3 technologies. Through this process, they are actively engaged in developing an end-user WaaS program where true customization of Web3 Wallet can be achieved by anyone.

About Cyrus Foundation

The Cyrus Foundation is the development team behind the Cyrus Ecosystem, an accessible onramp designed to accelerate the adoption of Web 3.0 and the ownership economy. This includes the Cirrus suite of tools, which work together to give users true ownership over their assets and the data streams they generate.

Website: www.cirusfoundation.com

Media Enquiries: media@cirusfoundation.com

Sovereign Self: bit.ly/440Av6l

(Press release – Rarotonga, Cook Islands, June 29, 2023)

A solution enabling Web3 Wallet integration within existing enterprise platforms.

blockchain-based, Web3 initiative Cyrus Foundation has developed a Wallet as a Service (WaaS) innovation suite. The initiative involves deploying Web3 Wallet for existing businesses and platforms to create a secure value-share layer between their users.

Following the initial release of the Cirrus Web3 Wallet, the core functionality of combining user data and digital currencies provides the foundation for Cirrus to seamlessly integrate with existing platforms and web applications.

This initiative marks the first business-to-business approach in developing wallet adoption for the Cirrus ecosystem. The team commented:

“We believe we need to fast-track adoption, although our approach will always be based on what the end user wants, the world needs a sovereign solution targeting businesses and platforms alike. In simple words, we need to stop the abuse by the banks and FTX of the world. This application puts the user in ‘permitted control of their assets’ while being supported by the business. Think of it as a business saying – ‘we don’t hold your assets – you do’. co-founder, Michael Lakhu said

Without mass adoption, Web3 will continue to suffer, and its real use cases will fail to make a lasting impact. The WaaS category creates an easy entry point for companies to integrate Web3 technology and better serve their customer base.

What defines WaaS?

Wallet-as-a-Service refers to a platform that has the ability to enable Web3 functionality inside an existing application or by interfacing with a platform. Simply put, users have ownership and control over their assets, allowing them to decide how their data and currencies are used by the business they are associated with.

The team has confirmed that they have signed on their first enterprise client to serve the WaaS program, and although the recent launch of Cirrus Wallet has accelerated growth efforts in this category.

“Companies are not just going to transfer and hand back assets to their user base, but by educating businesses on the benefits of being a first-mover in this sector, we can create a domino effect – first movers, willing followers and Reluctant follower. Companies will eventually be recognized for Better Business by enabling user-controlled management – ​​almost like a Better Business Bureau endorsement. David Brown, head of Tokonomics, said

Some examples where WaaS might apply include business-distributed NFTs or tokens based on engagement, SDK kits for in-app wallet deployment, or wallets that store user accounts (data and currencies) in a more secure format. Add to exchange with other party. ,

The team suggested that the first use case would enable a more secure way to trade assets with existing centralized exchanges, preventing user assets from being manipulated or blocked by the platform.

“The most obvious option was to change how centralized exchanges operated as this was a central point of failure for our industry. We don’t need to experience the repetition of Mt.Gox, Quadriga or FTX! The world needs renewed faith in the benefits of a new Web3 standard. Director, Mike Mickle said

The team commented that the WaaS initiative is part of a larger plan to establish an open and easily accessible economy that encourages the widespread adoption of Web3 technologies. Through this process, they are actively engaged in developing an end-user WaaS program where true customization of Web3 Wallet can be achieved by anyone.

About Cyrus Foundation

The Cyrus Foundation is the development team behind the Cyrus Ecosystem, an accessible onramp designed to accelerate the adoption of Web 3.0 and the ownership economy. This includes the Cirrus suite of tools, which work together to give users true ownership over their assets and the data streams they generate.

Website: www.cirusfoundation.com

Media Enquiries: media@cirusfoundation.com

Sovereign Self: bit.ly/440Av6l