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News

Coinbase Launches Wallet-as-a-Service APIs For Scalable And Secure Onchain Wallets

March 8, 2023 - Around 2 mins mins to read

Key Points:

  • Coinbase has launched a new Wallet-as-a-Service (WaaS) offering aimed at businesses of all sizes to integrate a crypto wallet into their platform easily.
  • By leveraging its infrastructure, companies can offer their customers access to popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Coinbase, a leading cryptocurrency exchange, has recently announced its new Wallet-as-a-Service (WaaS) offering. This service allows any company to integrate a crypto wallet into its platform, providing users access to various digital assets.
Coinbase Launches Wallet-as-a-Service APIs For Scalable And Secure Onchain Wallets

This new offering from Coinbase is aimed at businesses of all sizes, from startups to large enterprises, providing a seamless way to integrate cryptocurrency services into their products. By leveraging infrastructure, these companies can offer their customers access to the most popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

According to Coinbase, WaaS eliminates the need for businesses to invest time and resources in developing their infrastructure for managing cryptocurrencies, which can be complex and time-consuming. The WaaS offering provides a simple and secure solution for businesses to offer their users crypto wallets and related services.

Coinbase’s new WaaS offering is also designed to provide an additional layer of security for users’ crypto assets. The company utilizes its advanced security protocols to protect user funds from potential hacks or breaches.

This new service from Coinbase is likely to be welcomed by businesses looking to offer cryptocurrency services to their customers. With the growing popularity of digital assets, many companies seek ways to integrate cryptocurrency into their products and services, and Coinbase’s WaaS offering provides a straightforward and secure solution.

Overall, Coinbase’s Wallet-as-a-Service offering is a significant development for the cryptocurrency industry, providing businesses of all sizes with an easy and secure way to integrate digital assets into their products and services. As cryptocurrency adoption continues to grow, offerings like WaaS will likely become increasingly important for businesses looking to stay competitive in an evolving market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.