Phantom, the multichain cryptocurrency wallet, has expanded its range of services by incorporating support for Bitcoin, Ordinals, and BRC-20 tokens.
As outlined in a blog post, Phantom has introduced these new features in its current beta phase, enabling users to choose to engage in trading and transferring these specific assets. The update encompasses comprehensive Bitcoin support, offering address management options and transaction overviews, thereby augmenting the wallet’s functionality for Bitcoin, Ordinals, and BRC-20 tokens.
This expansion underscores Phantom’s dedication to flexibility and interoperability as a cross-chain wallet, building upon its existing backing for Solana, Ethereum, and Polygon blockchains.
Phantom Launches Bitcoin Trading With Multiple Features
The blog highlighted several key features of the upgrade, emphasizing address management, transaction overviews, and integration with other applications.
Among the notable additions, users can now seamlessly switch between Taproot and Native Segwit addresses in their settings, offering enhanced flexibility. The update introduces detailed transaction overviews, presenting vital information such as estimated time of arrival and potential balance adjustments. Moreover, it includes a feature that converts Bitcoin values to USD, providing users with a clearer understanding of their finances.
The blog noted, “For now, our beta is limited to a select number of trusted apps, such as Magic Eden and UniSat, but we have plans to expand support to more apps in the near future. Additionally, upcoming features will encompass Ledger support, customizable gas fees, and more Bitcoin-friendly functionalities.”
Concluding the post, the blog emphasized, “Supporting Bitcoin and Ordinals marks another stride in our mission to make cryptocurrency safe and user-friendly for everyone.”
Bitcoin Prices Surges Pending ETF Approval
As per CoinMarketCap, Bitcoin has experienced a brief surge in the past 24 hours, surpassing the $44,000 threshold and currently trading at $43,778 as of the time of writing, reflecting a 2.23% increase.
This upward movement is likely connected to the anticipation surrounding spot Bitcoin exchange-traded fund (ETF) filings and their impending approval process with the Securities and Exchange Commission (SEC). Galaxy Digital CEO Michael Novogratz has expressed confidence, stating that he expects the ETF application to receive approval by January 10, 2024.
