Cryptocurrency exchange Coinbase has announced the launch of a new generation of Wallet-as-a-Service, introducing an enterprise-grade solution for creating non-custodial crypto wallets. The Coinbase Embedded Wallet, built on Wallet-as-a-Service technology, employs advanced Multi-Party Computation (MPC) technology for enhanced security.
In the official announcement on January 23, Coinbase highlighted the new wallet service as the “easiest, fastest, and most secure way for brands and builders to bring the world onchain.” Currently, the program is available through an application process, with interested users required to fill out a form to apply for a wallet.
The Coinbase Embedded Wallet is designed to cater to developers and enterprises seeking a reliable solution for non-custodial crypto wallets. The platform emphasizes its commitment to security, leveraging MPC technology from a reputable name in the crypto space.
Last month, Coinbase introduced a feature facilitating easier fund transfers globally. Users can now share a link via popular messaging apps and social networks to transfer funds. This update enhanced compatibility with platforms like WhatsApp, Instagram, TikTok, Facebook, Telegram, Snapchat, and email.
Additionally, Coinbase has introduced the Instamint function on its platform, enabling users to create non-fungible tokens (NFTs) using artificial intelligence. For a limited time, Coinbase is offering a free NFT experience to its users.
This move by Coinbase reflects the exchange’s continuous efforts to provide innovative solutions and services in the evolving crypto landscape.
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