Zerohash unveiled AUTH at Money20/20, a service that lets users move crypto, stablecoins and tokenised stocks between linked accounts without copying addresses or choosing a network. The user picks an account or wallet, signs in and approves the transfer, while the service handles routing and settlement. The company cites more than 600 connections, with Coinbase, Robinhood and Gemini live and Kraken in beta. Its application for a federal trust bank charter is still pending.
What it means: Copying a long wallet address and choosing the right network is one of the most stressful steps for anyone using crypto. One wrong character or a transfer on the wrong blockchain can mean permanent loss of funds, which is why many people send test payments first. Fraudsters also exploit the process with malware that swaps addresses in the clipboard. AUTH resembles what open banking did for bank accounts: the user links an account once and then approves transfers in a few steps. It is no coincidence that it is led by an executive who worked on open finance at Mastercard. The trade-off is greater reliance on an intermediary that knows which accounts belong to whom. The company's US regulatory position is not settled yet, since its first application was returned as deficient. In the EU, such transfers come with the travel rule, which requires sender and recipient details, and a standard account link could make compliance easier. Ease of use remains the biggest factor for wider adoption.
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