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Sani Ibrahim
Abubakar Tafawa Balewa,University
Agricultural economics and extension
100Level, Nigeria.
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This service aims to streamline the onboarding process for
new crypto users.
Per Coinbase, the service is only available in the US for the
time being.
At the moment, the service only supports purchases through
debit cards.
Coinbase, a leading crypto exchange has introduced crypto
purchases within its wallet. The exchange unveiled this news
via a blog post on October 12, noting that this move is part of
its wider goal of building an open financial system for the
world. The exchange added that this launch also seeks to
underpin decentralized application (dApp) ecosystems.
According to the blog post, this feature will let Coinbase users
buy most of the assets listed on Coinbase.com. At the
moment, users will only be able to purchase crypto using debit
cards linked to their wallets. However, Coinbase unveiled that
it is working on adding more payment methods. The
publication went on to state that this service is currently
available in the US and on Android devices. However, the
exchange unveiled that it intends to expand to other countries
and iOS devices.
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Providing a seamless way to buy crypto
Through this feature, Coinbase aims to streamline the process
of onboarding the crypto sector for new users. Prior to
launching this service, new users had to go through the
intricacies of buying their first cryptocurrency from an
exchange and then transferring the funds manually to their
wallets. Coinbase believes that with this feature in place, new
users will have a smooth experience whether they want to
begin using a dApp, send crypto, or store their crypto.
Per Coinbase, this service is optional, and its existing
customers can link it to their wallets. The exchange added
that all wallet features will remain available even to users
without linked Coinbase.com accounts.
Coinbase further stated that this feature provides dApp
creators with an easy way to get their users started with their
projects. This is because its wallet is already a gateway
accessing dApps and DeFi projects. By adding a simple and
secure fiat on-ramp service, Coinbase believes that developers
will be better poised to get their projects going as their users
will only have to install one application.
The post Coinbase exchange introduces crypto purchases
inside its wallet first appeared on Digital Market News .

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