Both sender and receiver have to be Coinbase Wallet users.
The transactions will be instant and free of charge.
Coinbase (Nasdaq; COIN) has simplified the process of crypto transfers by enabling the sending and receiving of digital currencies through links shared on messaging and social media platforms. Announced yesterday (Tuesday), the links can be shared on WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, or even via email.
“Sending money is now as easy as sending a text, direct message, or email — wherever you already connect with friends and family,” the California-headquartered crypto exchange wrote in a blog post. “We’ve made it easy to send money anywhere you can share a link.”
Simplifying Crypto Payments
The crypto exchange also highlighted that the new payment feature, which is already rolling out, is instant and without fees. It would be ideal for making micro-payments. However, who will pay the blockchain fees to process the payments needs to be made clear.
The feature is specific to the users of Coinbase Wallet, the self-custody crypto wallet platform of the namesake crypto exchange.
Both senders and receivers need to be the users of Coinbase Wallet. If the receiver is not a Coinbase Wallet user, the payment claim link will redirect them to a download link of the wallet platform.
Further, if the funds are not claimed within two weeks, they will be returned to the sender’s wallet. The announcement stressed that as Coinbase Wallet is available across 170 countries, the funds can be claimed in almost every corner of the globe.
“We’ll continue to expand global access by providing options to buy digital assets in as many countries as possible. This is especially important for people in high-inflation economies with limited access to the global financial system and more stable currencies such as the US Dollar,” the official announcement added.
Leveraging Its Global Presence
Coinbase is the top crypto exchange in the United States and has an extensive global presence. However, Kazakhstan blocked access to the crypto exchange last month, citing new crypto regulations in the country.
The exchange generated $674.1 million as operating revenue last quarter but remains loss-making. With the ongoing crypto rally, the share price of the change skyrocketed, gaining 62 percent in the previous month and 317 percent year-to-date.
Meanwhile, the exchange continues to fight the US securities market regulator in court, defending the allegations of running an illegal exchange platform and listing unregistered securities.
Coinbase (Nasdaq; COIN) has simplified the process of crypto transfers by enabling the sending and receiving of digital currencies through links shared on messaging and social media platforms. Announced yesterday (Tuesday), the links can be shared on WhatsApp, iMessage, Telegram, Facebook, Snapchat, TikTok, and Instagram, or even via email.
“Sending money is now as easy as sending a text, direct message, or email — wherever you already connect with friends and family,” the California-headquartered crypto exchange wrote in a blog post. “We’ve made it easy to send money anywhere you can share a link.”
Simplifying Crypto Payments
The crypto exchange also highlighted that the new payment feature, which is already rolling out, is instant and without fees. It would be ideal for making micro-payments. However, who will pay the blockchain fees to process the payments needs to be made clear.
The feature is specific to the users of Coinbase Wallet, the self-custody crypto wallet platform of the namesake crypto exchange.
Both senders and receivers need to be the users of Coinbase Wallet. If the receiver is not a Coinbase Wallet user, the payment claim link will redirect them to a download link of the wallet platform.
Further, if the funds are not claimed within two weeks, they will be returned to the sender’s wallet. The announcement stressed that as Coinbase Wallet is available across 170 countries, the funds can be claimed in almost every corner of the globe.
“We’ll continue to expand global access by providing options to buy digital assets in as many countries as possible. This is especially important for people in high-inflation economies with limited access to the global financial system and more stable currencies such as the US Dollar,” the official announcement added.
Leveraging Its Global Presence
Coinbase is the top crypto exchange in the United States and has an extensive global presence. However, Kazakhstan blocked access to the crypto exchange last month, citing new crypto regulations in the country.
The exchange generated $674.1 million as operating revenue last quarter but remains loss-making. With the ongoing crypto rally, the share price of the change skyrocketed, gaining 62 percent in the previous month and 317 percent year-to-date.
Meanwhile, the exchange continues to fight the US securities market regulator in court, defending the allegations of running an illegal exchange platform and listing unregistered securities.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Kraken Verifies $21.5 Billion in Client Assets with Latest Proof of Reserves
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24