Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

.Coinbase says its wallet-as-a-service could help companies “bring the next hundred million customers into Web3' by allowing gaming apps to use NFTs as part of a game, or by companies that might want to incorporate a wallet into an app.

The service could be used by gaming apps where tokens or non-fungible tokens are part of the game, or by companies that might want to incorporate a wallet into an app and make that “almost invisible to the end user,” Patrick McGregor, Coinbase’s head of product for Web3 developer platforms, said in an interview.

“We view this as being the central enabling technology and revenue source for our developer strategy,” McGregor said. Fees will be charged on a per-wallet basis, he said. Traditional crypto wallets are “difficult for users to access” because of their “complex mnemonic seeds” and “counterintuitive” user interfaces, Coinbase said. “In a world where wallets are simple, companies can finally build Web3 experiences accessible to everyone regardless of technical knowledge.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

coinbase Honestly, we all know its not a good time to release anymore projects especially now that people are leaving both Coinbase and USDC with all the issues around them. This wallet will be just another failure for them.

coinbase SecondLife just upped its game with the release of Personal Spaces. Now players can create, own and make money from their virtual properties. SecondLiveReal secondlive metaverse web3 gamefi stake bean earn live

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines