Coinbase, the American-based cryptocurrency exchange, has introduced new wallet features that simplify and expedite international money transfers. The company has launched a user-friendly feature called “Send money with a link” within the Coinbase Wallet. Users can generate a link and share it on their preferred social media platforms.
To use this feature, both the sender and receiver must have the Coinbase Wallet. If the recipient doesn’t have the wallet, they will be prompted to download it from the Apple or Android app stores when they receive the link via email.
Coinbase emphasizes the safety of this new initiative. If the sent funds are not claimed within two weeks, they will automatically be returned to the sender. This feature is particularly useful for various scenarios, such as paying off debts with friends, giving last-minute gifts, and tipping service providers like tour guides.
This new feature eliminates the complexities and expenses associated with traditional methods of sending money globally. It eliminates the need to navigate through bank account and routing details, which can be time-consuming. Additionally, the Coinbase wallet offers instantaneous settlement and zero-fee transactions.
The Coinbase wallet is available in over 170 countries and supports 20 languages, ensuring the ability to send and receive money virtually anywhere. It also supports local fiat onramps from more than 130 countries, including popular payment processors like Pix in Brazil, Instant P2P Bank in Nigeria, and GCash in the Philippines.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | 🇺🇸 🇧🇷 🇳🇬 🇵🇭 |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | Android, GCash, Coinbase, Apple, Pix |
| Currencies | None |
| Securities | None |
