L2 Counterfactual Wallet and FIAT on-ramps by Loopring

Loopring finally unveils the iOS version (Android coming soon) of Layer 2 Counterfactual Wallet.

Smart Wallet users who have been holding off on Layer 1 wallet deployment can now download the new wallet on Layer 2.

The Loopring Smart Wallet, the first Ethereum wallet with zkRollup scaling baked in, has helped users from getting priced out of Ethereum. Yet, creating the Smart Contract Wallet on Layer 1 has been a gas-heavy and expensive endeavour; this initial creation cost has prevented many users from experiencing all of the benefits of L2.

With the release of Counterfactual Wallet, users can now deploy the Wallet on L2-only, bypassing a costly creation fee on L1. This-try-it-before-you-buy-it option allows users to experience the power of Ethereum L2 right away. If users would like to withdraw funds to L1, they can deploy their Ethereum L1 smart contract wallet, paying for the creation cost at that time.

About Loopring

Loopring is an Ethereum Layer 2 zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 orderbook and AMM DEX.

📰 INFO

https://medium.loopring.io/introducing-l2-counterfactual-wallet-and-fiat-on-ramps-a4b60edf15d6