Crypto Wallets Could Evolve Into “Life Hubs” by 2030, Says Reown CEO

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The term “crypto wallet” may soon become obsolete, according to Jess Houlgrave, CEO of onchain UX platform Reown. At Token2049 in Singapore, Houlgrave predicted that by 2030, crypto wallets will transform into comprehensive “life hubs,” storing not just cryptocurrency, but a vast range of personal data and assets, from medical records to education credentials.

Houlgrave’s vision is that these digital wallets will resemble “digital filing cabinets,” where users can securely store and manage different aspects of their lives. The evolution of crypto wallets, she explained, will be far more than just holding digital currencies—it will be a central system where sensitive personal information is securely stored and shared.

A “Collection of Wallets”

The future of wallets, according to Houlgrave, is one where users have a “hub” that acts as a collection of wallets and accounts. These wallets will be able to interact with one another while allowing users to manage access and share details across different platforms. She also emphasized that security will be a top priority, with customizable controls allowing users to restrict wallet interactions to “specific domains” to prevent unauthorized access.

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Houlgrave acknowledged the current skepticism surrounding such extensive use of digital wallets for personal data. She noted that while some crypto users may prefer the freedom to manage their own data without strict security controls, the increasing security risks in the crypto space might push more users toward these highly customizable systems.

“Some people in crypto might say that’s not the choice we’re supposed to have, but actually, it’s a valid position for those who want heightened security,” Houlgrave said. This evolution of wallets is aimed at protecting personal data from the kind of security breaches that have plagued the cryptocurrency industry in recent years.

Security Concerns and the Role of AI

Security remains one of the most pressing concerns for crypto wallet holders. Even as technology to prevent hacking continues to evolve, experts like Ledger CXO Ian Rogers caution that year-on-year reductions in incidents may not be as significant as hoped. This highlights the need for continuous improvements in wallet security.

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Interestingly, AI could play a significant role in the future of crypto wallets. Coinbase CEO Brian Armstrong has advocated for integrating AI into cryptocurrency wallets. Armstrong envisions AI helping users manage personal tasks more efficiently, enhancing both functionality and security. He suggests that large language models (LLMs) like OpenAI’s ChatGPT could be incorporated to streamline wallet operations.