Market
Trust Wallet Discusses the Challenges and Future of Crypto Wallets

Global adoption of digital assets is predicted to fuel a rise in cryptocurrency wallet usage in the coming years. In preparation for a surge in adoption, developers are focused on increasing security sophistication and expanding functionality.
BeInCrypto spoke with the Trust Wallet team to discuss the future of crypto wallets, their utility, and the barriers that still need to be overcome to catapult wallets into mainstream markets.
Crypto Wallet Adoption Expected to Grow Significantly
In recent years, the crypto industry has grown remarkably, reflected by an overall global increase in adoption. According to a 2024 report from Triple-A, today, 562 million people across the globe own some or various forms of digital currencies, representing a 6.8% increase from the previous year.

As cryptocurrency gains mainstream and institutional acceptance, the role of crypto wallets becomes increasingly crucial. These platforms provide secure management and storage of users’ digital assets, including private keys, while ensuring accessibility to their holdings.
Though crypto wallet use declined in 2022 following the crypto winter and the FTX collapse, researchers expect their market size to increase considerably in the coming years.
Reports estimate the global crypto wallet market size was around $3.22 billion in 2024. This is projected to reach $33.67 billion by 2033, with a compound annual growth rate of 29.81%. It views the increasing acceptance of cryptocurrencies as a legitimate asset class as the primary driver of market growth.
Institutional adoption of Bitcoin and Ethereum, including their availability as exchange-traded funds (ETFs) in the United States, particularly marked a turning point for cryptocurrencies previously excluded from traditional finance.
With 2025 now in full force, wallet developers are focusing on refining software and security technology to keep up with an increasingly competitive market.
Integrating Crypto Wallets Into the Wider FinTech Market
Pierre Lavarague, Head of Business Development at Trust Wallet, is optimistic about the future of crypto wallets. In a conversation with BeInCrypto at NFT Paris, Lavarague said that success in this sector depends on its integration with broader, more traditional financial markets.
“I think one of the key successes in 3 to 5 years for wallets is if we manage to not be seen as a crypto wallet, but as a fintech for mass markets. This means to move outside of the niche market we have right now, to something more common in terms of habits and vision from all the different users we can have,” he said.
Making the transition seamless for users will ensure this can happen.
“So the idea is just to become the next FinTech, where the user will be able to interact with a lot of financial services all powered by blockchain, but without noticing it. I’m going to consider the job done when someone’s going to interact with Trust Wallet as they would with any other FinTech app,” Lavarague added.
But for that to happen, crypto wallets must address one of the most critical obstacles they face today – onboarding.
Meeting New Users in the Middle
Crypto wallets face an increasing need to accommodate users with varying levels of technical expertise to facilitate wider adoption.
“I think today one of the key challenges is how to onboard people in crypto, DeFi, or Web3 in general. It’s something very new from a habitual perspective. If you randomly take 100 people in the street and ask them to download the wallet and go on any DeFi protocol to interact with it, the drop rate is going to be close to 100 people,” Lavarague explained.
The user experience must be smooth and simple to ensure customers can easily navigate the wallet’s functionalities.
“We want to have a seamless onboarding process to remove most of the friction Web2 people can face when interacting with a wallet or Web3, just to give them an experience as close to the Web2 experience they can have,” he told BeInCrypto.
Emerging technologies can also help with this process.
The Role of AI in Simplifying the Onboarding Process
As Web3 builders continue to incorporate artificial intelligence (AI) capabilities into their projects, Lavarague believes the same can be done to improve user interaction with crypto wallets.
“I think AI, fed with the right data from the user, can bring a lot of help to design this custom experience. We could imagine an AI designing the full user journey based on his on-chain action, age, preference, all the data the user is willing to give us during the onboarding. AI could use that to tailor fully personalized experience inside the app,” he said.
This technology can also be similarly used to facilitate the customer experience for those users who are already well-versed in crypto and use their wallets for several different purposes.
“From my perspective, where the AI will bring most of the value is to have a custom experience for every user inside the wallet. So, you can imagine one single app, but millions of different user experiences depending on your preference, on-chain activity, and your center of interest. Are you more into NFTs? Are you more into swapping tokens? Are you more into yield farming or stablecoin lending? You can imagine the AI reshaping the parts of your own user experience based on how you’re using the product to better fit your needs,” Lavarague explained.
AI can also safeguard against increasingly sophisticated attacks against user security.
Safeguarding Against Sophisticated Cyber Attacks
Security remains a key concern for crypto wallets. A 2025 Chainalysis report revealed that compromised private keys were the primary cause of cryptocurrency theft in 2024, representing the largest share of stolen funds.
These thefts totaled $2.2 billion, an increase from the $1.7 billion in 2023. The number of hacking incidents also surged.

Eve Lam, Trust Wallet’s chief information security officer, said wallet developers are enhancing their technologies in several key ways to address the increasing sophistication of cyberattacks.
“One significant improvement is the integration of AI-driven vulnerability detection in development pipelines. By incorporating AI into the development process, vulnerabilities in smart contracts and blockchain systems can be identified and mitigated more effectively. Automated security checks and predictive tools allow developers to catch potential issues before they are deployed. So, AI is becoming a fundamental component of secure blockchain development,” Lam told BeInCrypto.
At the same time, the increasing sophistication of blockchain-related crimes requires real-time monitoring and effective fund recovery solutions. AI can help with this.
“Crypto wallets are focusing on enhanced on-chain threat monitoring and recovery mechanisms. AI-powered tools enable proactive risk detection. Also, improved tracking on the blockchain increases the chances of recovering lost funds. Advanced forensic tools that trace the movement of stolen assets through obfuscation techniques provide hope for victims and raise the bar for attackers, making it more difficult for them to succeed,” Lam explained.
Deploying these mechanisms in 2025 will be crucial to curb the rise of cyber attacks targeting user assets on crypto wallets.
Disclaimer
Following the Trust Project guidelines, this feature article presents opinions and perspectives from industry experts or individuals. BeInCrypto is dedicated to transparent reporting, but the views expressed in this article do not necessarily reflect those of BeInCrypto or its staff. Readers should verify information independently and consult with a professional before making decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
South Carolina Could Spend 10% of Funds on Bitcoin Reserve

Representative Jordan Pace introduced legislation to create a Bitcoin Reserve for South Carolina, joining a nationwide effort. Currently, nearly half of all US states have an active bill to create a similar Reserve.
However, the talking point that this bill “allows 10% of state funds” in Bitcoin investments is taking off like wildfire. It may scare off fiscal conservatives, which contributed to recent failures.
South Carolina Joins the Bitcoin Reserve Race
Since President Trump announced his intention to create a US Bitcoin Reserve, many state governments have attempted to create smaller models.
In the last month, these efforts have been intensifying, with more and more states joining the effort. Today, South Carolina filed its own Bitcoin Reserve bill, allowing the state to make substantial purchases:
“The State Treasurer may invest in digital assets including, but not limited to, Bitcoin with money that is unexpended, unencumbered, or uncommitted. The amount of money that the State Treasurer may invest in digital assets from a fund specified in this section may not exceed ten precent of the total funds under management,” it reads.
State Representative Jordan Pace proposed South Carolina’s Bitcoin Reserve legislation. He claimed that this bill “gives the Treasurer new tools to protect taxpayer dollars from inflation,” one of crypto’s most well-known use cases. Pace is currently the bill’s only sponsor, and it’s unclear what chances it has of passing.
Still, there may be challenges ahead. Similar proposals in other Republican-led states—like Montana and Wyoming—have already failed. This was largely due to concerns over using public funds to buy cryptocurrency.
Even though Trump backs the idea on a national level, not all GOP lawmakers are convinced at the state level.
That said, there are some signs of progress elsewhere. For example, Texas has advanced its Bitcoin Reserve bill, achieving bipartisan support. A key reason for its success is that the bill doesn’t require the state to make crypto purchases; it simply allows them at the Treasurer’s discretion.
Likewise, South Carolina’s bill wouldn’t force the state to invest 10% of its funds into Bitcoin. It just opens the door for that possibility, giving the state financial flexibility rather than a mandate.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
FDIC and CFTC Rescind Old Crypto Guidelines

The FDIC and CFTC have both been working to change previous crypto guidelines. As federal regulators reconcile with the industry, they are removing old rules that specifically target crypto.
The former institution is removing the requirement that banks report crypto business, while the latter holds crypto to the same standards as other industries.
FDIC and CFTC Change Crypto Policies
The FDIC is one of the top financial regulators in the US, and it’s turning over a new leaf. After being one of the principal architects of Operation Choke Point 2.0, it recently began declassifying documents and changing rules that allowed crypto debanking.
Today, the agency is revoking a 2022 directive that impacted banks’ interactions with crypto:
“With today’s action, the FDIC is turning the page on the flawed approach of the past three years. I expect this to be one of several steps the FDIC will take to lay out a new approach for how banks can engage in crypto- and blockchain-related activities in accordance with safety and soundness standards,” said FDIC Acting Chairman Travis Hill.
Specifically, it rescinded a rule that mandated that all banks and institutions under its supervision notify the FDIC of any crypto involvement. The new guideline claims that banks “may engage in permissible crypto-related activities without receiving prior FDIC approval” without enacting any other policies.
Since Gary Gensler left the SEC, all the top US financial regulators have been trying to rework their relationship with crypto. In an apparent coincidence, the CFTC made a very similar move to the FDIC by rescinding two crypto guidelines.
Both of these actions did not establish a new policy; they merely removed the old ones.
Essentially, both of the CFTC’s rule changes are set to ensure that crypto-related derivatives are subject to the same requirements as non-crypto ones. This is somewhat surprising, considering that the industry has typically tried to insist that it necessitates specific regulations.
However, this is largely beside the point. The FDIC and CFTC are both working to remove previous guidelines that opposed the crypto industry.
These institutions will undoubtedly be amenable to creating new ones in the spirit of cooperation. In the meantime, this olive branch can help build a lot of goodwill.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Pi Network (PI) Drops Further Despite Telegram Wallet Deal

Pi Network (PI) has been under heavy selling pressure, with its price down more than 61% over the last 30 days. Despite a recent partnership with the Telegram Crypto Wallet, PI has struggled to regain momentum, as technical indicators remain mostly bearish.
Its BBTrend has been negative for 12 consecutive days, and although the RSI has recovered slightly from oversold levels, it still sits below the neutral 50 mark. With the downtrend firmly intact and critical support levels approaching, PI’s next move will likely depend on whether buyers can step in and reverse the current trajectory.
PI BBTrend Has Been Negative For 12 Days
Pi Network (PI) continues to face bearish pressure, as reflected in its BBTrend indicator, which remains deep in negative territory at -22.34.
This is despite recent headlines about the Telegram Crypto Wallet integrating Pi Network, news that has yet to translate into sustained upward momentum.
The BBTrend hit a recent low of -41 on March 21 and has stayed negative since March 16, marking twelve consecutive days of bearish trend signals. This prolonged weakness highlights the ongoing struggle for buyers to regain control of the market.

BBTrend, or Bollinger Band Trend, is a momentum-based indicator that helps gauge the strength and direction of a trend. Positive BBTrend values indicate bullish momentum, while negative values point to bearish sentiment—the further from zero, the stronger the trend.
With PI’s BBTrend sitting at -22.34, the market remains firmly under bearish influence, even if the worst of the recent downtrend may be easing slightly from its extreme lows.
Unless this trend flips back into positive territory soon, PI’s price could remain under pressure, with buyers staying cautious despite the recent integration news.
Pi Network RSI Has Recovered From Oversold But Still Lacks Bullish Momentum
Pi Network is showing early signs of recovery in momentum, with its Relative Strength Index (RSI) rising to 40.45 after hitting 23.8 just two days ago.
While this rebound suggests a reduction in overselling pressure, PI’s RSI hasn’t crossed above the neutral 50 mark in the past two weeks—highlighting ongoing weakness in bullish conviction.
Despite the slight uptick, the market has yet to see enough strength to shift sentiment meaningfully in favor of buyers. This cautious climb could either lead to a breakout or stall into continued consolidation.

The RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and those below 30 suggesting the asset is oversold.
With PI’s RSI currently at 40.45, it’s in a neutral-to-bearish zone—no longer extremely oversold but still lacking strong buying pressure.
For a clearer trend reversal, the RSI would likely need to break above 50, which hasn’t happened in two weeks. Thus, the current move is more of a potential bottoming attempt rather than a confirmed shift.
Will PI Continue Its Correction?
PI price is currently trading within a well-established downtrend, as indicated by the alignment of its EMA (Exponential Moving Average) lines—where shorter-term EMAs remain firmly below longer-term ones.
This setup reflects persistent selling pressure, and if the correction continues, PI could revisit key support levels at $0.718, with a potential drop to $0.62 if that floor fails to hold.

However, recent signs of life in the RSI hint that a short-term rebound might be brewing, offering some hope for a recovery.
If bullish momentum builds, PI could challenge resistance at $1.05 in the near term. A breakout above that level would shift sentiment and open the door for further gains, with $1.23 and even $1.79 as potential targets if the uptrend strengthens.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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