Obvious, a mobile-based smart contract wallet, is revolutionizing crypto transactions with the launch of its Account Abstraction-based Smart Contract wallet. Developed by a team of experienced executives from companies like Yahoo, Flipkart, Ola, Swiggy, and Grab, Obvious is quickly gaining popularity worldwide.
Smart contract wallets offer an additional layer of functionality by integrating programmable logic into blockchain wallets. Unlike traditional wallets that use private keys, smart contract wallets allow for the automation of transactions, the implementation of customized rules, and the facilitation of complex financial interactions.
Obvious is one of the first wallets to utilize the new technology made possible by EIP-4337, an improvement proposal passed by the Ethereum community. This enables the creation of contract accounts on Ethereum, providing greater security and flexibility to users. These smart contract wallets, based on the ERC-4337 protocol, offer enhanced security and customizations while reducing the risk of private key exposure.
With the introduction of its new smart contract wallet, Obvious has introduced a core feature called Pay Any. This feature allows users to pay blockchain transaction fees, known as gas fees, in a token of their choice. This eliminates the inconvenience faced by many users when transacting on crypto wallets, where transactions often get blocked due to insufficient token balance.
Looking ahead, Obvious has committed to several consumer-focused features for its smart contract roadmap in 2023. These features include setting spending limits, implementing 2FA on transactions, enabling batch transactions, and supporting more chains in the EVM ecosystem.
Himanshu Retarekar, CEO and Co-founder of Obvious, shared his enthusiasm for the possibilities enabled by Account Abstraction, stating, Account Abstraction has the potential to massively simplify the user experience for people in crypto and blockchain and help onboard millions to the ecosystem. We are excited to be one of the first ones to power this movement, especially on mobile.
Obvious is a mobile-first self-custody wallet that brings together assets across EVM and non-EVM chains, providing users with safe, fast, and affordable bridging and swapping routes within the app. With its exceptional user experience and a wide variety of features, Obvious Wallet is quickly becoming one of the best apps for a multi-chain crypto experience. Since its launch in January 2023, users from over 100 countries have embraced the Obvious app for their wallet needs.
As Obvious continues to innovate and enhance its smart contract wallet, it aims to bring the best user experience to everyone in the blockchain ecosystem. By leveraging the power of Account Abstraction, Obvious is paving the way for simplified and secure crypto transactions. With its commitment to consumer-focused features and constant improvement, Obvious is set to make a significant impact in the world of blockchain and crypto wallets.
Contact: Aayush Mittal, Obvious – aayush@obvious.technology
