Wallet-As-A-Service

Definition ∞ Wallet-as-a-Service is a cloud-based solution that provides infrastructure and tools for businesses to integrate digital asset wallet functionalities into their own applications. This service handles the complexities of key management, security, and blockchain interactions, allowing businesses to offer crypto wallets without building the underlying technology themselves. It abstracts away technical complexities for developers.
Context ∞ The Wallet-as-a-Service model is gaining traction among businesses seeking to offer crypto services or integrate digital assets into their platforms. News frequently covers partnerships or new offerings from Wallet-as-a-Service providers, highlighting their role in accelerating the adoption of blockchain technology. This service lowers the barrier to entry for companies wanting to interact with the digital asset ecosystem.