The team defended itself against claims of excessive false positives, suggesting it was so effective that it caused a crypto drainer to give up in frustration.
Coinbase Introduces New Features For Global Remittances
Coinbase, an American-based cryptocurrency exchange, has revealed its latest wallet features for transferring money internationally without going through the traditional hurdles.
Significance Of Coinbase New Transfer Features
On Tuesday, Coinbase announced its latest feature for its wallet to simplify and hasten global money transfers. The new feature is presented as a user-friendly procedure.
According to the crypto firm, the new initiative is described as “Send money with a link.” Within the Coinbase Wallet, users can generate a link to distribute via their favorite social media platforms.
However, the exchange noted that the wallet must be owned by both the receiver and the sender of the money. Furthermore, users who do not have the wallet, when emailed a link, will be prompted to download it from Apple or Android app stores.
The crypto company further asserted the safety of the new initiative. Coinbase noted that failure to retrieve sent funds within weeks will automatically send the money back to the sender. The company stated:
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 1-click. It’s that simple. And if the funds are not claimed within 2 weeks, they will automatically be returned to the sender.
Coinbase has highlighted several situations where this new feature is “very efficient and helpful.” These include paying off debts with friends, giving last-minute gifts, and tipping tour guides and other service providers.
In addition, the feature sparks a swift money-sending procedure. This eliminates downloading different apps or sorting through many usernames and profiles. Furthermore, the crypto firm asserted that the new feature is vital for people in high-inflation economies.
Latest Feature To Eliminate Payment Irregularities
The procedure eliminates the expenses and complications of using traditional methods to send money globally. Traditionally, sending money globally has required sifting through a complex web of bank account and routing details.
In addition, these transactions take longer to process, mostly up to five working days. However, the Coinbase wallet boasts instantaneous settlement and zero-fee transactions.
Coinbase wallet is supported by over 170 countries worldwide and is available in 20 languages. This guarantees the ability to send and receive money virtually anywhere.
Furthermore, it currently supports local fiat onramps from more than 130 countries. These include top payment processors like Pix in Brazil, Instant P2P Bank in Nigeria, and GCash in the Philippines.
Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram
Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram
Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram
Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability
The fundraise comes as interoperability protocols have attracted investors, despite the bear market.
Unstoppable Domains launches instant messaging with XMTP
Unstoppable Domains now allows owners of .crypto, .polygon and other Web3 usernames to send messages to each other through multiple messaging apps.
Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report
Cybersecurity certification platform CER said the vast majority of wallets do not hire outside experts to perform penetration tests.
ICP-based blockchain chat app launches ‘Communities’ to compete with Discord
OpenChat implemented a new feature that allows admins to create groups within groups, similar to Discord’s channels within servers.
How to stake Polygon (MATIC)
Staking MATIC helps one to generate passive income. Find how to stake MATIC via MetaMask, Binance, Coinbase Wallet and Trust Wallet.
ZenGo uncovers ‘red pill attack’ vulnerability in popular Web3 apps
The vulnerability has since been patched, although it affected a number of leading transaction simulation vendors.
Coinbase NFT marketplace: How to buy NFTs on Coinbase?
Connect your crypto wallet to the Coinbase marketplace, and have ETH in your wallet to bid, buy and sell NFTs on Coinbase.
Coinbase offers ‘thousands of tokens’ in expanded swap service
Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet which will give traders far greater access to tokens that are not listed on the Coinbase exchange.
Coinbase Wallet adds support for Solana
Coinbase has added wallet support for SOL and Solana-based tokens, and has outlined that it will look to support NFTs and dApps on the blockchain in the future too.
Coinbase Wallet Users Can Now Purchase Crypto Inside the App
For Coinbase users who don’t want to keep their funds on an exchange, the buying and storing crypto just became a lot easier.
Coinbase Now Allows You to Access Dapps on Desktop Browsers
Coinbase Wallet saves users from installing browser extensions, moving private keys across devices, to administer their wallet funds on desktop browsers.