Coinbase enables users to fund wallets from Chrome browser extension

From the Chrome browser extension, coinbase allows users to fund wallets

On Wednesday, Coinbase initiated a new feature called “Coinbase Pay” that allows its customers to fund their Coinbase Wallet directly from a Chrome browser extension. According to its employees, Coinbase Pay is intended for anyone participating in decentralized finance, or DeFi, to swap tokens on decentralized exchanges or DEXs, and purchase non-fungible tokens, or NFTs, in just a few clicks.

With Coinbase Pay, one would only need to select the currency, specify the amount, and ascertain the transaction to add it to their wallet on Chrome. “No more switching between apps, manually transporting funds, and copy-pasting addresses, ” put down Coinbase employees.

According to the company, users do not desire a Coinbase.com account to use the Coinbase Wallet. However, they will need to relate their self-custodial wallet to their Coinbase account before using Coinbase Pay as a fiat-to-crypto on-ramp service. Despite coming from a centralized exchange, the private keys within the expansion are stored by the user, not Coinbase.

The previous month, Coinbase Wallet enabled support for the Ledger hardware wallet. By the end of last year, the exchange had thrived to store 12% of all crypto in over 150 asset types. The company also intends to launch its NFT marketplace. At the time of publication, there are presently 3.86 million email addresses on the Coinbase NFT waiting list.

 

Author

  • Gowtham Paramasivam

    Hi, I’m Gowtham Paramasivam, Chief Technology Officer at Dconn. I’ve always been intrigued by how we humans thrive on building things. Being a techie, that fascination turned into a vision after learning about Blockchain Technology. I’ve never left it since and I believe that in the coming years, most of our systems will rely on blockchain. I hope that you find my articles informative and also help you understand the true potential of this technology better.

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