New Optimism Wallet Allows Users to Receive Crypto via Twitter Login

The Beam Wallet uses Web3Auth and account abstraction to enable seedless accounts, stable gas payments, and other functionality. user experience.

News Join us on social networks

A new wallet that has launched on Optimism allows users to generate an address without storing keywords, and the account can be registered using a regular Twitter login. Called “Beam,” the wallet runs in a browser window and requires no downloads, according to a July 27 announcement from its developer. It also allows users to send transactions on Optimism without owning Ether (ETH).

PRESENTATION OF BEAM

The first self-service payment wallet designed for consumers - no download or registration required.

Beam is the world's easiest way to send money to anyone.

Try it with just one click

— Andy Bromberg (@andy_bromberg) July 27, 2023

Beam was developed by Eco, a payments company backed by Web3 venture capital firms Andreessen Horowitz, Coinbase Ventures, Founders Fund, Lightspeed Venture Partners, and Pantera Capital.

To create a Beam Wallet, the user accesses the app's website, which generates a unique QR code representing an Optimism address. After that, users can show their QR code to anyone who wants to send them crypto. They can also click on the QR code to copy the address so it can be sent via email or instant messaging apps. The web application can be accessed from a desktop or mobile device.

Beam wallet interface. Source: Eco

To save their wallet, users need to click "register access" and log in to Twitter through its application programming interface. They then click on “save access” a second time and are prompted to enter a new password. After submitting the password, the account backup is complete and then the user can recover their account with their Twitter ID and password if their device crashes.

During a conversation with...