Coinbase wallet users will be able to transfer funds via WhatsApp and Telegram

The company has also added a simplified interface mode for beginners to the wallet

06.12.2023 - 08:50

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2 min

What’s new? The function of sending funds using links has appeared in the non-custodial wallet of the US crypto exchange Coinbase. It is supported in all social networks, messengers, and email services where it is possible to post links, including WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, Instagram, and others. The company assured that it will continue to expand access to digital assets, which are particularly relevant to residents of countries with high inflation and inefficient banking.

Press release

What else is known? A specially generated link sent via messenger allows the recipient to go to the Coinbase Wallet app to assign an amount. If the app is not installed on the recipient’s device, the link will redirect them to the mobile marketplace to install it, after which they will be prompted to create a new account in one click. If the funds suggested in the link are not appropriated within two weeks, they will automatically return to the sender’s account.

Coinbase Wallet is available in 170 countries, and 130 of them support local fiat payments through leading systems such as Pix in Brazil, Instant P2P Bank in Nigeria, GCash in the Philippines, and many others. The wallet can be used to receive funds from any exchange or non-custodial wallet, as well as send USDC stablecoins without fees on Arbitrum, Avalanche, Base, Optimism, and Polygon networks.

The developers also added the ability to switch the wallet interface to a simplified mode for beginners, where the focus is on the basic functions: buying, sending, receiving, and storing digital assets.

Earlier, analysts at OpenSecrets Group reported that Coinbase has become the leader in terms of crypto industry lobbying spending in the United States in 2023. In the coming weeks, the exchange’s representatives expect to hold several more meetings with officials on the topic of adopting a regulatory framework for cryptocurrencies.

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