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.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
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
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!