As an analyst with extensive experience in the crypto sphere, I have been consistently impressed by Eowyn Chen’s journey and insights. Her background in finance, combined with her relentless drive to empower users through self-custody solutions, makes her an inspiring figure in the industry.
My journey to leading the crypto sphere started firmly in the realm of finance, later propelling me to take the helm at Trust Wallet. Prior to assuming the CEO position at Trust Wallet, I honed my skills and made a substantial impact at Binance, contributing significantly to the growth of their crypto exchange user base.
In a private chat with CoinGape at Blockchain Life 2024, Eowyn Chen highlighted the empowering nature of self-custody in cryptocurrencies, as it not only benefits individual users but also contributes significantly to humanitarian initiatives.
What Brought You Here to the Crypto World?
Eowyn Chen revealed that she ventured into the world of cryptocurrencies back in 2018, amidst a bear market’s surge. Intrigued by two advancements – AI and blockchain, she found herself drawn to blockchain due to its emancipatory philosophy. She is convinced that technology can augment human society, but it won’t alter human nature. The ideas of decentralization, personal control, and absolute ownership piqued her curiosity. Following her tenure as the head of finance and marketing at Binance, she joined Trust Wallet in 2022 to assist in their endeavor of encouraging more individuals to explore the realm of decentralization.
What Growth Do You See in the UAE Market, Specifically in Dubai?
Eowyn Chen pointed out that Trust Wallet was established seven years ago within the U.S. She elaborated on its origin, explaining it initially functioned as a wallet for Ethereum‘s initial coin offering (ICO) of tokens. The intention behind this product was to be simple and accessible, allowing non-technical individuals to comfortably delve into blockchain technology. Chen emphasized the progress made by Trust Wallet, noting they currently support more than 100 different chains. She also mentioned their impressive 150 million total downloads, positioning Trust Wallet as the most popular mobile wallet globally. Lastly, Eowyn Chen revealed that Trust Wallet’s future objectives involve extending its reach to cater not only to the crypto but also the Web3 realm.
How Is Blockchain and Crypto Supporting Humanity and Solving Problems?
Eowyn Chen pointed out that blockchain technology supports humanity by enabling self-custody. This term means that users own their assets, unlike traditional banking systems. She emphasized that it can be difficult to have confidence in owning assets, as banks can be unreliable. She mentioned older generations in Europe, affected by past conflicts, who do not trust banks. These individuals are turning to blockchain and stable coins to preserve their wealth. Eowyn shared a story of a charity using Trust Wallet to help refugees. They converted donations into crypto, allowing refugees to carry their assets across borders.
What Is the Difference Between Web3 and Crypto, and What Is Each Doing on the Ground?
Eowyn Chen clarified that while some people mix up Web3 and crypto, they tackle distinct issues. Essentially, cryptocurrency is mainly concerned with financial matters, offering solutions to centralized banking systems. On the other hand, Web3 concentrates on user data ownership and ensuring fair economic distribution among users, creators, and platforms. To put it simply, Eowyn highlighted that Web3 strives to foster a level playing field for everyone involved, promoting mutual success.
How Is Crypto Protecting the Privacy of End Users Regarding Their details?
In a conversation, Chen elaborated on how zero-knowledge proof systems play a crucial part in maintaining privacy. These systems enable compliance while ensuring user anonymity. Eowyn pointed out that people generally prefer to keep their online activities private from their neighbors. She is confident that zero-knowledge proof holds immense promise for developing privacy solutions, empowering users to safely explore the digital world without revealing their identity.
What Will You Share as a Panelist at Blockchain Life Dubai 2024?
Eowyn often participates in discussions on panels spontaneously, adjusting her input according to the flow of the conversation and interactions among the panelists. She is eager to interact with the audience and contribute positively to the dialogue.
What Advice Would You Give to People Still Confused About Entering This New Ecosystem?
Eowyn Chen’s initial guidance is all about doing your own exploration or study. She strongly believes that self-study fosters deeper interest and wiser choices. Chen referred to a book titled “The Crowd“, which delves into individual decision-making processes. She encouraged the youth to rely on their findings rather than external expertise. Additionally, she highlighted the importance of risk management. Her suggestion was to invest a minimal amount in the system, so as to actively participate and learn. This method helps individuals gain knowledge while building a personal portfolio of experiences.
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2024-10-30 17:20