- Cryptocurrency exchange Coinbase has launched a new wallet feature.
- The wallet will tap into social apps for easier transfer access.
- The feature currently supports eight social media platforms.
With the cryptocurrency market experiencing a notable rally, exchanges are seizing the opportunity to introduce new initiatives. Coinbase, a leading cryptocurrency exchange, has been at the forefront of service expansion throughout the year.
In line with this, the exchange has now introduced the latest addition to the features of its digital wallet.
New Coinbase Wallet Feature Allows Transfers Via Social Platforms
On Tuesday, November 5, Coinbase unveiled a new feature that provides users with streamlined access to crypto transfers.
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The feature enables users to send assets via the Coinbase Wallet effortlessly links through their preferred messaging and social apps and provides a seamless and cost-effective transfer option for Coinbase users.
Furthermore, it eliminates the need for routing numbers, bank account details, and the delays associated with conventional transfers, bypassing the complexities of traditional methods.
Currently supported platforms include popular messaging networks such as WhatsApp, iMessage, and Telegram and social media platforms including Facebook, Snapchat, TikTok, Instagram, and Email.
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Assets sent through the link are time-sensitive and will automatically revert to senders if unclaimed within two weeks.
The link is available to users in over 170 countries. It supports 20 languages via the Coinbase Wallet, which provides local payment methods in over 130 countries, including Brazil, Nigeria, the Philippines, and more.
Coinbase will extend the availability of the new link to more countries, particularly regions with high-inflation economies and limited access to the global financial system.
To find out more about Coinbase’s service expansion this year, read here:
Coinbase Targets Ireland as Preferred Hub for EU Expansion
The Kenya government is intensifying crypto industry regulation with new laws. Read more:
Kenya Targets 4 Million Crypto Traders with New Tax Bill
