Because users will be able to move their assets from centralized exchanges to their own decentralized wallets as a result of the integration, the integration, in general, bridges the gap between centralized and decentralized crypto ecosystems.
A flawless exchange of cryptographic information
In the past, moving cryptocurrency from centralized exchange wallets such as Binance and Coinbase to a wallet under the control of the user required a number of steps to complete. Users were required to manually input addresses of the destination wallet, switch between apps, and select the appropriate blockchain network for the transfer. All of these steps, which can be difficult for users, especially beginners, should be avoided.
Users no longer need to enter addresses or go through the other laborious steps in order to transfer funds because the new integration eliminates those requirements. They need only make one click to transfer funds from their trust wallets on Binance and Coinbase directly into their personal wallets. Because of this, it is now simpler for a greater number of people to begin using Web3.
Jonathan Lim, the Global Head of Binance Pay, made the following statement in response to the newly implemented integration:
"Binance Pay is thrilled to announce that it will soon be integrated with Trust Wallet, which will make it easier for users to move their cryptocurrency assets from one service to another. Binance Pay aspires to become the key access to Web3 by bridging the gap between the centralized and decentralized financial systems. The first decentralized wallet that we supported was called Trust Wallet.