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The Benefits of Auth-Agnostic Wallet Providers
Offers security and optionality for startups and existing businesses.
February 8, 2024
Developers, fintechs, enterprises, and other companies are viewing the growth of blockchain with interest and exploring opportunities to integrate wallets into their products as an easy entry point for users. However, there are a wide variety of providers in the market, from Web3 authentication platforms to full-service embeddable wallet platforms like Portal. The former typically offer a UI widget + authentication that is required to make the implementation work for a wallet, causing integration to be difficult and frustrating for established businesses that are already using services like Auth0, Firebase, Stytch, or Frontegg. The latter allows companies to enable embedded wallets without changing their current authentication process to help streamline development but also control their user experience completely.
Case Study: Stablecoin Payment Apps
Stablecoin payment apps, for instance, are integrating into mainstream commerce, offering more efficient and decentralized options compared to traditional financial systems. Stablecoin payment apps' preference for in-house authentication systems over third-party providers enhances security, control, and regulatory compliance, tailored specifically for their business processes. Although adding a new feature can draw in new customers, the goal is to retain and serve the current customer base. An authentication-focused third party provider could meet general requirements but could create a bifurcated experience with different authentication for different features or require everyone in the system to transfer their authentication process. An authentication-agnostic solution, however, means one doesn't have to throw out their existing authentication process to enable embedded wallets. A business without an existing system can even offer multiple authentication options for account setup, not only improving their ability to protect sensitive data but also allowing users to select their optimal experience.
Portal: Auth-Agnostic for Utmost Flexibility
Clients using the Portal platform have many options when determining the best authentication architecture for their needs. Companies with existing authentication providers can easily integrate embedded wallets without any major rewrites or migrations. Portal’s security model allows for the layering of an existing authentication scheme and other security policies without compromising or impacting wallet generation. Everything is white-labeled so there is no widget required that could alter the existing design or user experience. Implementation can be as simple as giving a client session token.
Whether MFA, 2FA, social login, or some other method, Portal enables the best design for any circumstance. This flexibility allows companies to focus on their security and user experience needs rather than easing the integration process. Owning the authentication process means owning your product and your users. Have more questions? Reach out to speak with us!