Keyless wallet ZenGo has reportedly rolled out safekeeping feature for the SGA stablecoin, developed by Saga Monetary Technologies, following a strategic alliance forged between two firms.

Specifically, ZenGo clients now have the freedom to store SGA tokens in the wallets – which do not come with the private key feature. 

“ZenGo provides guaranteed access, meaning that even if we stop operating, user funds will remain 100% available for the users to move them anywhere they wish,” Ouriel Ohayon – head of ZenGo – shared remarks regarding the keyless wallets. 

The typical crypto wallets usually come with private keys to function as backup for the kept funds, therefore, as long as no harm is done to the private keys, none will be to the funds. ZenGo has reportedly put in extensive efforts to come up with a new kind of wallet without the employment of these keys.

Saga Monetary Technologies founder – Ido Sadeh Man – claimed that the lack of clarity, the erratic pattern of currency value, and people look for alternatives to steer clear from the said pattern in the international scene, is the primary reason that drives crypto and non-crypto folks towards stability. 

“Saga was designed to remedy these concerns in the sense that it is backed by a basket of the five most traded national currencies on one hand, and, on the other hand, it is gradually progressing towards independence, as its economy grows,” 

“ZenGo is extremely appealing in this regard, as they have managed to allow users to hold a wallet without needing to bother themselves with keeping the private keys secure, spreading them around, and being so concerned about security. At the same time, ZenGo allows users to remain in full custodianship over their funds, without actually needing to turn to a custodian.” Man further stated.