Phantom Wallet Supports Bitcoin (BTC) and BRC-20 Tokens
Phantom, a leading cryptocurrency wallet on Solana, has announced its support for Bitcoin, the Ordinals protocol, and BRC-20 tokens created through Inscription activities.
Phantom Wallet Supports Bitcoin (BTC) and BRC-20 Tokens
In an announcement early on December 21, Phantom revealed that users can now buy, sell, trade, and hold assets on the Bitcoin network, including BTC and BRC-20 tokens generated from Ordinals-Inscription.
Key Features of Phantom's Bitcoin Integration
- Multi-Wallet Compatibility:
- Users can link their existing Bitcoin wallets to the Phantom app.
- The wallet provides fund management and detailed transaction history views.
- Advanced Bitcoin Features:
- Users have the option to enable Bitcoin upgrades such as SegWit and Taproot for enhanced functionality and security.
Introducing: ₿itcoin on Phantom 🟠
— Phantom (@phantom) December 20, 2023
You can now buy, sell, trade, transfer, and HODL Bitcoin, Ordinals, and BRC-20 tokens with your favorite multichain wallet.
Here’s what’s to love👇 pic.twitter.com/hmuizc8Ec0
Phantom's Commitment to Bitcoin
The Phantom development team expressed their appreciation for Bitcoin, acknowledging that "without Bitcoin, there would be no Solana, Ethereum, or the web3 industry." They are "honored" to support BTC and BRC-20 tokens on their platform.
Expansion to Multiple Blockchains
Originally developed as a Solana-exclusive wallet, Phantom broadened its scope in April 2023 by integrating Ethereum and Polygon networks. Now, with Bitcoin as its latest addition, Phantom continues its multi-blockchain strategy.
Context of the Bitcoin Integration
Phantom's decision to support Bitcoin coincides with the recent surge in interest in Inscription across various blockchains over the past two months, despite mixed reactions from the Bitcoin community.
