Cryptocurrency exchange Coinbase has introduced a new generation of Wallet-as-a-Service.
According to the platform’s Jan. 23 announcement, the embedded wallet service will be an enterprise-grade solution based on Coinbase’s Wallet-as-a-Service technology, allowing developers to create non-custodial crypto wallets.
“Secured by advanced MPC technology from the world’s most reputable name in crypto, Coinbase Embedded Wallet is the easiest, fastest, and most secure way for brands and builders to bring the world onchain.”
Currently, the program is available only to a few people; users must fill out a form to apply for a wallet. If a user chooses to provide their personal information, Coinbase will use it to facilitate alpha testing and contact interested developers.
Last month, Coinbase launched a new wallet feature that makes transferring funds worldwide more accessible. Users can now transfer money by sharing a link via various channels, including widely used messaging apps and social networks. The update added compatibility with various social networks and messaging applications, such as WhatsApp, Instagram, Tiktok, Facebook, Telegram, and Snapchat, as well as by email.
In addition, Coinbase introduced Instamint function on its platform, a tool that allows users to create non-fungible tokens (NFTs) using AI. For a limited time, Coinbase is offering a free NFT experience.