COIN - Coinbase Launches Smart Wallets To Simplify Crypto Onboarding | Benzinga
Coinbase (NASDAQ:COIN) on Wednesday announced the launch of its highly anticipated smart wallets, aiming to revolutionize the user experience for crypto newcomers.
What Happened: This new feature promises to address longstanding pain points within the crypto space, specifically complex onboarding processes, network fees and recovery phrases.
“These next-generation wallets address the biggest pain points of the crypto experience today,” the company stated, in a blog post. “Smart wallets make the transition to onchain smoother than ever.”
Effortless Onboarding
Coinbase touts its smart wallets as a solution to the cumbersome onboarding process often associated with crypto wallets.
Users can now create a secure, self-custody wallet “in just a few seconds” without needing to download separate apps or struggle with recovery phrases.
Biometric authentication like Face ID or fingerprint scanners will be available for ...