Pillar releases V2 of community-run multichain wallet that cuts gas fees by 99%

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Pillar releases V2 of community-run multichain wallet that cuts gas fees by 99%

Open-source project and community-run crypto wallet Pillar, today launched V2 of its multichain crypto wallet. The company’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6 pm CET to show attendees how the V2 multichain wallet can benefit them.

V2’s new features and services include:

“The V2 launch brings together the expertise we’ve gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI.”
– Pillar CEO, Michael Messele 

Note, an updated WalletConnect feature will have automatic network switching to connect users to chains like xDAI, Binance Smart Chain, and Polygon.

CCO of Pillar Aldin Ademović stated, “Ethereum remains the industry leader for innovation and liquidity, and Pillar V2 will guide users there, but with more intent and purpose by educating them on the basic characteristics of EVM-compatible chains and the benefits of smart contract wallets.”

“Pillar’s native SDK, Etherspot, powers the multichain aspect of the V2 smart wallet, making the entire experience seamless for users,” says Ademović. “Plus developers can leverage the technology for broader adoption in the DeFi space.”

Pillar partner, Ramp Network will make in-app fiat purchases possible on EVM chains, reducing purchase fees by 80 percent. Also, data-driven analytics will be provided by partner Novum Insights, a market intelligence company based in London.

Upcoming this week on June 30th at 6 pm CET, the Pillar team is holding a webinar launch event.

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