- Coinbase revolutionized user convenience and accessibility by introducing the ability to transfer cryptocurrencies via social media links.
- Coinbase Wallet’s new features promise global accessibility, instant payments, and no transaction fees, simplifying cryptocurrency trading for users across a variety of social media and messaging platforms.
Coinbase Global Inc.a prominent American trading platform, has unveiled a groundbreaking feature in its decentralized wallet product that enables seamless transfer of cryptocurrency assets and stablecoins across various social media platforms.
Easy cryptocurrency payments are now possible with Coinbase Wallet
The latest improvements aim to streamline fund transfers and emphasize ease, cost-effectiveness and speed. Through Coinbase Wallet, users can start trading their favorite cryptocurrency by creating a link and seamlessly sharing it on communication platforms such as WhatsApp, iMessage, Telegram or email.
This feature extends to popular social media channels like Facebook, Snapchat, TikTok, and Instagram, providing broad accessibility.
Global accessibility and user convenience
Launched today, the service spans multiple countries around the world. Specifically, the Coinbase Wallet feature for cryptocurrency payments supports 20 languages and operates in over 170 countries, giving recipients the ability to conveniently claim their assets from anywhere in the world.
Send money anywhere you can send a link.
Easily. soon. For free.
⤷ https://t.co/CKyLu1wYEw pic.twitter.com/XX9YaZZEPm
— Coinbase Wallet 🛡️📞 (@CoinbaseWallet) December 5, 2023
Recipients must click the shared link to be redirected to the Coinbase Wallet app. If you haven’t already downloaded the app, you’ll receive prompt instructions on how to download it on your iOS or Android platform. With one click, new users can create a wallet. especially, unbilled amount As a safety measure, it will be returned to sender within 2 weeks.
Also Read: Coinbase Vision: Tokenization as the Key Driver of Cryptocurrency Markets by 2025
Enhanced value, no transaction fees
This innovation brings significant added value to users by eliminating the hassle of juggling multiple apps or having to search extensively for usernames and profiles during transactions. In addition, immediate payment is possible and operates without commission.
According to a blog post from Coinbase, “Instead of dealing with the complexities of routing numbers, bank account numbers, expensive wire transfers, bank fees, and waiting up to five business days for your funds to become available, simply link to your Coinbase Wallet. Pay instantly with no fees and send through your favorite messaging and social apps.”
Coinbase Wallet also serves as a gateway for users to receive funds from any cryptocurrency exchange or self-custodial wallet and represents a pivotal step in Coinbase’s mission to streamline the payments experience for users.