Coinbase Introduces New Crypto Transfer Service via Social Media Links
Coinbase has launched a new feature on its wallet that allows users to transfer cryptocurrencies through major social media platforms like Telegram, iMessage, TikTok, Facebook, WhatsApp, and Instagram. This move is part of Coinbase’s efforts to make its services more accessible and eliminate barriers. Notably, there are no payment fees associated with sending stablecoin USDC. Users can also send funds to others in different countries with instant and cost-free settlements, although both the sender and receiver must have the Coinbase wallet.
Coinbase Simplifies International Transactions and Develops Simple Mode
If someone without a Coinbase wallet receives a payment link, they will be prompted to download the app from the Apple or Android app stores. However, if the receiver fails to retrieve the funds within two weeks, the funds will be returned to the sender. Coinbase has also introduced a “simple mode” for its wallet to assist less tech-savvy users with basic functions such as purchasing, transferring, receiving, and viewing assets.
Coinbase Aims to Expand Services Globally
This new feature from Coinbase aims to simplify the often lengthy process of international transactions, which can take up to five working days for funds to arrive through bank wire transfers. The service allows anyone, anywhere, to send and receive funds with fewer delays. Coinbase plans to continue expanding global access by providing options to buy digital assets in as many countries as possible, especially for individuals in high-inflation economies with limited access to stable currencies like the US Dollar.
Hot Take: Coinbase Enhances Wallet Functionality Amid Crypto Surge
Coinbase’s introduction of new features for its digital wallet aligns with the recent surge in cryptocurrency values. For instance, Bitcoin’s price has crossed $44,000, representing a 25% gain over the past month. These developments aim to attract new clients and improve the functionality of Coinbase’s wallet.
Disclaimer
The information provided here is not financial advice and is intended for educational, entertainment, and informational purposes only. Any investment decisions should be based on your own risk tolerance and research. We are not responsible for any losses incurred as a result of investments related to the information provided.
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