Coinbase Wallet has recently introduced new ways to send money across platforms. The new addition has made sending money as simple as sending a message.
Now, users can send money on any platform where they can share a link. Some of these platforms are Telegram, WhatsApp, iMessage, and other social media apps, including email.
Instead of facing complex routing numbers, bank fees, expensive wire transfers, bank accounts, and long wait times, users can now use Coinbase Wallet to share funds via social and messaging apps. The transactions will impose an instant settlement without charging any fees.
Simply creating a link in the Coinbase Wallet will enable these cross-border transactions. Given the significant use cases Coinbase is introducing with the new features, the news garnered massive traction among users.
Many new users looked for a Coinbase wallet review to learn more about the platform. The next-gen wallet supports 20 languages in more than 170 countries. The wallet also allows users to claim their money at any given time.
As for the fund-sharing process, users can send a link to the recipients. Once the recipient clicks on it, they will reach the Coinbase Wallet app. Here they can either claim the funds (if they are already a user) or download the app on Android and iOS platforms.
The process is that simple. Failure to claim the funds within two weeks will result in an automatic return to the sender. To familiarize novice users with the functionalities, Coinbase Wallet has incorporated a simple mode. It emphasizes operations such as purchasing, selling, acquiring, and storing digital assets.
Coinbase has also promised to expand its global reach by offering new options to purchase digital assets. The features will be highly beneficial, especially for people in high-inflation economies.
Since Coinbase Wallet already supports local fiat onramps in 130+ nations, it has a massive worldwide reach. It also supports local payment methods like GCash in the Philippines, Pix in Brazil, Instant P2P Bank in Nigeria, and more.