Zengo Wallet Introduces New Features: Legacy Transfer, Theft Protection, and ETH Staking
Since its launch in 2018, Zengo Wallet has quickly established itself as a leading wallet for convenience and security. The self-custody wallet stands out from the market by allowing users to control their digital assets without needing seed phrases or keys.
With the introduction of new features like Legacy Transfer, Theft Protection, and ETH Staking, Zengo is setting new standards for crypto security. Additionally, the upcoming Zengo Desktop platform promises to enhance user experience even further.
Zengo has launched several new features for both Standard and Pro users. The first is a Legacy Transfer feature. In the traditional financial world, inheritance is a well-established process. However, in the crypto space, securing digital assets for future generations has been a significant challenge.
Oftentimes, if a person dies, their assets are lost with them as they may not store the seed phrases somewhere where their family will find them. For example, after Gerald Cotton, CEO of QuadrigaCX, died, over $41 million in cryptocurrency was lost as he held the only copy of the keys.
Now, Zengo offers a Legacy Transfer feature to its Pro users, giving them peace of mind that their next of kin will be financially supported after their death. Customers can pick a Legacy Recipient, and after a set period of inactivity (between 3 to 24 months), the recipient will be able to access the inactive assets.
By enabling a seamless transfer of assets, Zengo ensures that users’ investments remain safe and accessible for their loved ones, preserving their financial legacy in the digital age.
Zengo has long focused on providing convenience and control without compromising on security. According to the founders, the company was
