{"id":18492,"date":"2023-03-09T04:42:33","date_gmt":"2023-03-09T04:42:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-launches-wallet-as-a-service-to-bring-millions-to-web3-bitcoin-news\/"},"modified":"2023-03-09T04:42:33","modified_gmt":"2023-03-09T04:42:33","slug":"coinbase-launches-wallet-as-a-service-to-bring-millions-to-web3-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-launches-wallet-as-a-service-to-bring-millions-to-web3-bitcoin-news\/","title":{"rendered":"Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to \u201cbring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.\u201d The Coinbase WaaS offers wallet infrastructure application programming interfaces (APIs) to companies, enabling them to build their own custom Web3 crypto wallets.<\/strong><\/p>\n

Coinbase\u2019s Wallet-as-a-Service Aims to Simplify Onboarding<\/h2>\n

Coinbase Global<\/a> (Nasdaq: COIN<\/a>) has revealed<\/a> a new addition to its suite of offerings and services: Wallet-as-a-Service (WaaS). In a Twitter thread, Coinbase stated that the WaaS \u201cis a scalable and secure set of wallet infrastructure APIs, enabling companies to create and deploy fully customizable onchain wallets.\u201d Additionally, the Coinbase wallet infrastructure provides<\/a> \u201cmulti-party computation (MPC)\u201d cryptography, which removes the need to manage a complicated 24-word recovery phrase.<\/p>\n

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1\/ Today we introduce Wallet as a Service, making it easier for any company or brand to seamlessly onboard their users to web3 \ud83d\udee0\ufe0f\u26d3\ufe0f<\/p>\n

\u2026even if they have never used cryptocurrency before. pic.twitter.com\/5IKUJHpQlS<\/a><\/p>\n

\u2014 Coinbase (@coinbase) March 8, 2023<\/a><\/p>\n<\/blockquote>\n

Coinbase detailed that crypto firms such as Tokenproof<\/a>, Floor<\/a>, Thirdweb<\/a>, and Moonray<\/a> are already using its Wallet-as-a-Service (WaaS). Coinbase believes that the WaaS will aid in bringing the \u201cnext hundred million consumers into Web3.\u201d \u201cMore and more companies are realizing that Web3 will generate a massive industry of new decentralized applications and services, and they want to empower their customers to access it,\u201d Coinbase stated in the announcement.<\/p>\n

\u201cWhen users download the Tokenproof app, we\u2019ll create their first wallet, powered by Coinbase, to welcome them into Web3,\u201d said Fonz, the founder of Tokenproof, in a statement. \u201cThis is a significant step towards making the space more approachable and accessible, and we\u2019re excited about the opportunity to work with such a highly trusted partner.\u201d Besides the WaaS, Coinbase provides developers with a wallet software development kit (SDK), a payments SDK, the commerce API, and other blockchain integrations.<\/p>\n

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\nTags in this story
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accessible<\/a>, API<\/a>, approachable<\/a>, Blockchain<\/a>, Coinbase<\/a>, Coinbase WaaS<\/a>, Coinbase Wallet<\/a>, Commerce<\/a>, Cryptocurrency<\/a>, Cryptography<\/a>, customizable<\/a>, Decentralization<\/a>, Developers<\/a>, Digital Assets<\/a>, floor<\/a>, Fonz<\/a>, industry<\/a>, infrastructure<\/a>, Moonray<\/a>, multi-party computation<\/a>, onchain wallets<\/a>, Payments<\/a>, Platforms<\/a>, recovery phrase<\/a>, scalable<\/a>, secure<\/a>, Software Development Kit<\/a>, Thirdweb<\/a>, Tokenproof<\/a>, trusted partner<\/a>, WaaS<\/a>, Wallet<\/a>, Web3<\/a>, Web3 Crypto<\/a><\/div>\n<\/div>\n

What are your thoughts on Coinbase\u2019s Wallet-as-a-Service? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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