Coinbase Reveals New Web 3.0-Focused Payments Service

Coinbase makes headlines again following the latest achievement. Check out the latest reports about the crypto exchange below.

It’s been just revealed that Coinbase is adding a new feature to their crypto wallet browser extension that streamlines access to decentralized finance (DeFi) and non-fungible token (NFT) marketplaces.

In a new company blog post, Coinbase senior director of product management Prakash Hariramani explained that Coinbase Pay will allow investors to use their crypto wallet through Google’s Chrome web browser to bypass the cumbersome steps required to link up with Web 3.0 services.

“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.”

He continued and said this:

“The process was not only cumbersome, but also left the user vulnerable to user error. For example, if funds were accidentally sent to the wrong wallet address, they would be irretrievable. Coinbase Pay makes the process faster, easier, and more secure than ever before.”

According to the official notes, from now on, investors will now be able to couple their Coinbase crypto wallets to DeFi platforms and other crypto marketplaces via just a few clicks in one convenient place.

“All you need to do is select ‘Add crypto with Coinbase Pay’ when you want to add crypto to your Coinbase Wallet extension.”

The same notes continued and explained that all you have to do is to select the currency you want to add to your wallet, specify the amount, confirm the transaction, and that’s it.

“No more switching between apps, copy-pasting addresses, and manually transferring funds.”

A few days ago, we were also revealing that Coinbase added three coins to the retail trading platform. The new small-cap altcoins are called by the platform “experimental.”

It’s been reported that they may have higher volatility and lower trading volume when compared to other assets in Coinbase’s lineup.