Coinbase Launches New Service to Simplify Digital Wallets
Crypto exchange Coinbase has announced a new service aimed at making Web3 technology more approachable for consumers and companies by simplifying existing digital wallets. The new “Wallet as a Service” product features a developer toolset that allows firms to add customized digital wallets directly to their applications. The goal is to make the procedure of creating a wallet as easy as possible. This latest announcement comes a few days after Coinbase revealed that it would launch its Ethereum layer-2 called Base, a protocol that the company said it was confident would become a popular choice among Web3 developers for building dapps. Coinbase has focused more on services and subscriptions in recent months following a drop in crypto prices that has led to decreased trading activity on its platform.
