In the ever-changing realm of cryptocurrency, one aspect remains paramount to users with substantial crypto assets: security. Addressing this concern head-on, Zengo, a popular self-custodial cryptocurrency mobile wallet, takes a significant stride forward by introducing Zengo Pro, a cutting-edge premium subscription service.
At a competitive price of $20 per month, Zengo Pro extends a host of additional security features, ensuring peace of mind for crypto enthusiasts. This article will delve into the various innovations brought by Zengo Pro, focusing on its ability to add perplexity and burstiness while reducing predictability.
A Brief Overview of Zengo
Zengo stands apart in the cryptocurrency landscape as a reliable and secure self-custodial wallet that employs multi-party computation technology. Unlike certain wallets, Zengo does not rely on seed phrases for recovery, making it less susceptible to phishing attacks. Moreover, Zengo leaves control of users’ cryptocurrencies solely in their hands, maintaining true decentralization of assets.
Enhanced Security: The Need of the Hour
As the popularity of cryptocurrencies surges, so does the potential threat from malicious actors. One major concern for crypto users is the risk of losing funds due to phone theft or unauthorized access. If a perpetrator gains access to a user’s phone and its passcode, they could initiate unauthorized transactions, leading to significant losses.
This pressing issue has driven Zengo to develop Zengo Pro, a solution to the diverse security challenges faced by cryptocurrency holders.
How many Zengo accounts have ever been taken over / stolen?
That's right: Zero. pic.twitter.com/6VJ1nqpuQq
— Zengo Wallet (@ZenGo) July 31, 2023
Introducing Zengo Pro
Biometric Withdrawal Protection
One of the standout features of Zengo Pro is its biometric withdrawal protection. During the Zengo wallet setup, users have the option to create a 3D scan of their face using advanced software technology from FaceTec. With Zengo Pro, users can require a face scan as an additional layer of security for outgoing transactions.
This added measure ensures that even if someone gains access to a user’s passcode, they cannot initiate unauthorized transfers, thus safeguarding the user’s funds from potential theft.
Moreover, Zengo has implemented a “web3 firewall,” acting as a risk assessment system. This firewall promptly alerts users if they attempt to send funds to potentially fraudulent or scam addresses, adding yet another layer of protection.
Legacy Transfer Feature
Zengo addresses the complexities surrounding the inheritance of cryptocurrencies with the introduction of the legacy transfer feature. Zengo Pro offers a user-friendly solution to securely transfer one’s digital assets in the unfortunate event of their passing.
Users can designate a trusted individual as their legacy contact, who must also have Zengo installed. Both parties receive a shared secret, securely stored on an online service like Dropbox.
If the Zengo wallet remains inactive for a predefined period, typically set to 24 months, the crypto assets are automatically transferred to the designated legacy contact. This feature provides users with peace of mind, knowing that their digital wealth will be managed appropriately after their passing.
The Future of Zengo Pro
Zengo has exciting plans to further enhance its pro subscription offering. Paid users can expect to access improved customer support services. Additionally, Zengo aims to upgrade the legacy system, allowing users to designate multiple contacts and define asset splits, providing even more flexibility and accommodation.
The Sustainable Business Model
Differing from many crypto companies that heavily rely on trading activity, Zengo has adopted a different approach. With Zengo Pro’s subscription-based business model, the company generates predictable and recurring revenue. This unique strategy aligns the interests of users with those of the wallet company, fostering a sustainable and customer-centric ecosystem.
Zengo is the world’s most secure cryptocurrency wallet
Zengo is a self-custodial wallet, with no seed phrase vulnerabilities and powered by MPC cryptocurrency.
How is Zengo the most secure cryptocurrency wallet?
- Zengo has been in the crypto market since 2018 without a single security incident, this due to the MPC cryptocurrency and recovery model with 3-factor authentication.
- With over 900,000 customers, Zengo has suffered 0 wallet breaches.
- Unlike other wallets, Zengo works with MPC (read more) and has no seed phrase vulnerability. This means that no seed phrase can be lost or stolen.
- Secure wallet recovery (read more): never worry about losing your seed phrase again.
- This industry-leading Zengo security model makes them more reliable than an exchange (on-chain wallet) and more secure than a hardware wallet (no seed phrase, easy and secure account recovery).
- 24/7 in-app support.
- Fully audited and committed to open source, plus: now protects over 900,000 accounts. Read more here
Zengo Pro details
Unlock even more security features with Zengo’s pro subscription service, available from $20.00 per month.
- Asset Withdrawal Protection: Prevent unauthorized withdrawals with secondary verification using FaceLock 3D biometrics.
- Web3 Firewall: Real-time risk assessments and alerts protect you from Web3 attacks with Zengo’s ClearSign(™) technology.
- 24/7 priority support.
- Inheritance Transfer: Grant a beneficiary access to your digital assets in the event of death or extended absence with a feature inspired by traditional inheritance systems, but implemented autonomously. The industry’s first self-deposited inheritance type system.
More features
- Store, buy, sell, exchange, send and receive cryptocurrencies.
- Connect to NFT marketplaces amd Web3 dapps with WalletConnect.
- Includes an in-app NFT gallery to view and display your NFTs.
- Exchange and trade different cryptocurrencies from almost anywhere in the world.
- Over 120 cryptocurrencies are supported, including Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC), Polygon (MATIC), Dogecoin (DOGE), Shiba Inu (SHIB), Dai (DAI) and more.
- Enjoy 24/7 real-time customer support directly from the app.
DOWNLOAD ZENGO TODAY!
Conclusion
The introduction of the Zengo Pro subscription marks a significant leap forward in ensuring the security of crypto assets for users. With biometric withdrawal protection and the legacy transfer feature, Zengo Pro offers enhanced peace of mind and control over digital wealth.
As the cryptocurrency industry continues to evolve, Zengo’s innovative approach sets a new standard for secure, self-custodial wallets.
FAQs
What is Zengo Pro?
Zengo Pro is a premium subscription offered by the self-custodial wallet Zengo, providing additional security features for users seeking enhanced protection for their crypto assets.
How does biometric withdrawal protection work?
Zengo Pro users can enable biometric withdrawal protection, requiring a face scan for outgoing transactions. This ensures that only authorized users can initiate transactions from their wallets.
Can I still use Zengo without subscribing to Zengo Pro?
Yes, Zengo offers basic accounts that remain free. Zengo Pro is an optional subscription for users desiring additional security features and premium support.
How much does the Zengo Pro subscription cost?
The Zengo Pro subscription is priced at $20 per month, granting users access to a suite of advanced security features.
Can Zengo Pro prevent unauthorized access to my wallet if my phone is stolen?
Yes, Zengo Pro’s biometric withdrawal protection requires a face scan for outgoing transactions, adding an extra layer of security even if someone knows your passcode.
How does the legacy transfer feature work?
Zengo Pro allows users to designate a trusted contact to receive their crypto assets in the event of their passing after a specified inactivity period.
Can I expect more features in the future with Zengo Pro?
Yes, Zengo plans to add more features to its pro subscription, including improved customer support and additional enhancements to the legacy transfer system.
How does Zengo’s business model differ from other crypto companies?
Zengo’s subscription-based model offers a recurring and predictable revenue stream, focusing on the long-term sustainability of the company while aligning with user interests.
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