December 6, 2023

Coinbase Introduces Crypto Transfers Via Links on WhatsApp, Telegram

Coinbase

Coinbase

Coinbase, the cryptocurrency exchange led by CEO Brian Armstrong, has announced three new features for Coinbase Wallet users. The aim of these features is to simplify digital asset transactions and expand availability to several regions.

As part of its strategy to promote mass adoption and easy payments, Coinbase Wallet now offers the option to transfer cryptocurrencies with a link sent via popular messaging platforms such as WhatsApp, Telegram, iMessage, Snapchat, TikTok, and email. This move is expected to facilitate the use of cryptocurrencies and promote their wider adoption.

In an announcement, Coinbase said: “When your recipient clicks the shared link, it’ll take them into the Coinbase Wallet app to claim or direct them to download the Coinbase Wallet app on iOS or Android and create a new wallet in just one click.”

Coinbase allows users to claim funds within 12 days. After this period, it automatically refunds the sender. The exchange does not charge any fees, and settlement is instant.

To improve liquidity and access, Coinbase Wallet has supported fiat onramps in 130 countries. According to the announcement, the company introduced cash payment methods in regions such as Brazil, Nigeria, and the Philippines. Coinbase has also launched a new simple mode for its Wallet app, which streamlines usability to essential features such as crypto swaps and digital asset storage.

“These updates reflect our commitment to making money transfers easier, cheaper, faster, and borderless. By reducing complexity and fees while expanding global access, we’re enabling millions of people to engage with the crypto economy in meaningful ways,” the announcement added.

Coinbase has recently announced a three-pronged approach, which was unveiled following a statement by the CEO about the “long-term coexistence of fiat and crypto.” The company has also urged policymakers in the United States to provide clear regulations for stablecoins, as cash is becoming outdated.

In 2023, Coinbase was among the top spenders for crypto lobbying, and it is expected that companies will continue to direct more financial resources towards advocating for digital asset policies in America throughout 2024.

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