Coinbase Pay, a simple way for Coinbase users to participate in Web3 and other crypto services, has been launched by the popular US-based exchange Coinbase.
Coinbase Pay will be an easy way for consumers to fund their Coinbase Wallet through the Chrome extension app, according to Coinbase’s blog post. According to the business, customers must be able to access and use services like decentralized finance (Defi), non-fungible tokens (NFTs), and other web3 services in a user-friendly manner.
“Users who wanted to add assets to their Coinbase Wallet from the browser extension needed to transform to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account,” according to Coinbase.
Before Coinbase-Pay, “users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account.” Of course, this procedure was “not only inconvenient but also exposed the user to human mistake.”
Because “all you need to do is select ‘Add crypto with Coinbase Pay’ when you want to add crypto to your Coinbase Wallet extension,” “select the currency you want to add to your wallet,” “specify the amount,” and “confirm the transaction,” Coinbase Pay “makes the process faster, easier, and more secure than ever before.” “No more hopping between apps, copy-pasting addresses, or manually transferring payments,” another way.
Coinbase users in the United States and Canada can “currently use their debit cards and bank accounts for transfers, with more payment options enabled globally soon,” according to the company. “First-time users of Coinbase Wallet will need to link their self-custody wallet to their Coinbase account before being allowed to utilize Coinbase Pay,” according to the company.
Coinbase Global, Inc., also known as Coinbase, is a cryptocurrency trading platform based in the United States. Coinbase is a decentralized firm, with all staff working remotely and no physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume. Brian Armstrong and Fred Ehrsam launched the company in 2012.
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