Coinbase Digs Deeper Into Web3 By Launching Coinbase Pay

Coinbase digs deeper into Web3 by launching Coinbase Pay which will allow even more opportunities for the customers as we can see more in our latest Coinbase news.

The crypto exchange announced that users can now take advantage of the new feature to fund their non-custodial wallets easier than before.
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As part of the mission to make crypto products accessible to the public, Coinbase digs deeper into web3 by introducing Coinbase Pay and explained that the new solution is an extension of the existing digital asset wallet whcih allows for users to interact with Web3 applications:

“Kickstart your NFT collection, earn yield through DeFi lending protocols, and grow your crypto portfolio with hundreds of thousands of tokens supported via decentralized exchanges (DEXes).”

The trading venue argued that the previous wallets were complicated for the inexperienced users that had to go through many steps and switch between the different apps:

“Coinbase eliminates these steps and makes it easy and intuitive for anyone to participate in DeFi or purchase NFTs, in just a few clicks.”

To use the product, the new customers of Coinbase Wallet have to link their wallets to their accounts:

“We are continuing to build new features into Coinbase Wallet to make it the most user-friendly and accessible self-custody wallet in the world, making it easier for more users to enter the world of Web3. We will also continue to expand Coinbase Pay to bring the benefits of seamless fiat onramp to the crypto ecosystem.”

The company announced it will introduce the NFT marketplace and added that hundreds of creators showed enthusiasm towards joining the project. Coinbase asserted that the focus will be on the social function that will improve the interaction between users and artists. Before that, the exchange collaborated with Mastercard to promote growth and NFT adoption with the company raising hopes that the initiative will unlock some new opportunities for the customers to purchase digital collectibles with their Mastercard in the near future:

“Thanks to our work with Mastercard, we’ll be able to provide a better customer experience on Coinbase NFT, and plan on working to find ways to bring this opportunity to the broader ecosystem through Mastercard’s scale and global network.”