Phantom wallet beats PayPal to secure No. 2 app in Google Play store
Quick Take The crypto and NFT wallet Phantom beat out PayPal, Venmo, Zelle and others in the Google Play store for free finance apps.
The crypto and NFT wallet Phantom beat out the payment platform PayPal in top Google Play store apps.
Phantom hit the No. 2 spot for free finance apps. It's behind Cash App but ahead of TON Wallet, Chime, Venmo, Zelle, Google Wallet and Capital One Mobile. Phantom has over 5 million downloads on the platform, according to Google Play store data .
Phantom is a non-custodial hot wallet, similar to MetaMask and Rainbow . Though originally built on Solana, Phantom added support for Ethereum and Polygon in April 2023. By the end of that year, the wallet had also added support for Bitcoin , Bitcoin Ordinals and BRC-20 tokens.
Earlier this week, Phantom announced that it acquired the wallet platform Bitski, backed by a16z crypto, Galaxy Digital and other key investors, for an undisclosed sum.
The team behind Phantom raised $109 million in Series B funding led by Paradigm in January 2022, netting the firm a unicorn status surpassing $1.2 billion, The Block previously reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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