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Phantom Wallet, a Solana-based cryptocurrency wallet, has recently achieved a significant milestone by becoming the third most downloaded free app in the Utilities category on the Apple App Store, trailing only behind Google Chrome and Google Search. It also holds the 32nd position across all app categories, slightly behind X and ChatGPT. In addition to this achievement, Phantom has acquired Bitski, an a16z-backed leading provider of embedded wallets, for an undisclosed sum. This acquisition aims to integrate Bitski's technology into Phantom Wallet, enabling features such as simple sign-in via email, easy onboarding for users and developers, and new use cases. The acquisition is expected to accelerate the mass adoption of crypto wallets.
.@phantom, the crypto wallet in the @solana ecosystem, has made its first acquisition by buying out @bitski, a wallet-as-a-service platform backed by high-profile investors, including Andreessen Horowitz (@a16z) and @galaxyhq. https://t.co/W1exCYhniz https://t.co/J4Gqt8SGbh
back when we first incubated @bitski, we wanted to build a crypto venmo, but existing embeddable wallet tech was crap so that inspired @donnie @jatescher @pat2man to build the very first wallet sdk. today, it feels poetic to see @bitski and @phantom, both old friends who had… https://t.co/Pt5YKn5Gjv
🚨 BREAKING: Leading supplier of embedded wallets, @bitski, was acquired by @phantom and will be integrated into Phantom wallet. Its integration will make exciting new use cases possible. 📧 Easy to log in with an email 📷 Simple onboarding for developers and users https://t.co/4sGJs6DkUi
