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. Customers must be able to access and use services like as decentralized finance (DeFi), non-fungible tokens (NFTs), and other web3 services in a user-friendly manner, according to the business.
“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,” 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,” to put it 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.
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