The Contract Wallet allows you to store, manage, and spend your crypto assets securely. It is a smart contract that lives on the Ethereum blockchain so you can access it from other blockchain services. It is non-custodial and 100% decentralised, so you are always in direct control of your assets.
You can use it to send, receive, and store ETH or any ERC20 compatible tokens. However, only the tokens in the "Supported Tokens" list will show up in the app.