SAN FRANCISCO—Coinbase has rolled out a new service on its wallet that enables users to transfer crypto via a link sent through major social media applications like Telegram, iMessage, TikTok, Facebook, WhatsApp, and Instagram.
Coinbase said the move is part of its plans to make its services accessible to a wider audience and eliminate possible barriers. In addition, Coinbase noted that there is no associated payment fee when sending stablecoin USDC, according to a report by AltcoinBuzz.
Additionally, Coinbase stated that users can send funds to others in different countries with instantaneous and cost-free transfer settlements. However, both the sender and receiver will need to have the Coinbase wallet, the report stated.
Additional Details
“If a person who doesn’t own the Coinbase wallet receives a payment link, they’ll be prompted to download the app from the Apple or Android app stores,” AltcoingBuzz reported. “However, the funds will be returned to the sender if the receiver fails to retrieve them within two weeks.”
Coinbase also developed a “simple mode” for its wallet to assist novice and less tech-savvy users. The mode restricts its functionality to the purchase, transfer, receipt, and viewing of assets, AltcoinBuzz said.
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