The San Francisco-based crypto exchange – Coinbase – announced that users can now take advantage of the new feature to fund their non-custodial Coinbase Wallet easier than before.
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As part of its mission to make cryptocurrency products accessible to the general public, Coinbase has introduced Coinbase Pay. The company explained that the solution is an extension of its existing digital asset portfolio that allows users to interact with Web3 applications. Coinbase Pay also gives access to the NFT universe:
“Kickstart your NFT collection, earn yield through DeFi lending protocols, and grow your crypto portfolio with hundreds of thousands of tokens supported via decentralized exchanges (DEXes).”
The trading platform argued that previous wallets were complicated for inexperienced users, who had to go through multiple steps and switch between different apps.
“Coinbase eliminates these steps and makes it easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks,” the organization highlighted.
To use the product, new Coinbase Wallet customers must first link their self-service wallet to their Coinbase account.
“We are continuing to build new features into Coinbase Wallet to make it the most user-friendly and accessible self-custody wallet in the world, making it easier for more users to enter the world of Web3. We will also continue to expand Coinbase Pay to bring the benefits of seamless fiat onramp to the crypto ecosystem,” the exchange concluded.
Coinbase will launch its NFT marketplace
Earlier this week, the company announced that it would be showcasing its NFT marketplace “soon”, adding that hundreds of creators have shown their enthusiasm to join the project.
Coinbase asserted that its focus will be the “social function,” which will aim to improve the interaction between artists and users.
Prior to this, the exchange collaborated with Mastercard to promote the growth and adoption of NFT. The company expressed hope that the initiative will open new opportunities for customers to purchase digital collectibles using their Mastercard cards in the near future:
“Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.”
