Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram

A new feature from Coinbase Wallet allows for the transfer of crypto through a link that can be sent through some of the most popular social media sites and messaging apps as the crypto exchange looks to make its service accessible to a wider market.

“Users can now send money on any platform that they can share a link,” Coinbase said in a Dec. 5 blog post, naming apps like iMessage, Telegram, WhatsApp, Facebook, Instagram and TikTok.

There’s no payment fee when sending USD Coin, a U.S. dollar stablecoin Coinbase co-launched in 2018 with its issuer, Circle.

Coinbase said the new feature aims to solve complexities with international bank wire transfers, which it claims often come with hefty fees and paperwork and can take up to five business days for the funds to arrive.

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Dec-6-2023 08:43:14 AM