In a blog dated 13 March, Coinbase announced a new feature which allows users to link their Coinbase.com account to Coinbase Wallet app directly.
The blog authored by Siddharth Coelho-Prabhu, Wallet Product Lead at Coinbase mentioned that once users’ Coinbase account gets linked to the wallet app, the user is able to easily transfer crypto to their Wallet app with just a couple of clicks.
Coinbase posted on Twitter –
— Coinbase Wallet (@CoinbaseWallet) March 12, 2019
The blog also mentioned that –
“Whether you use Coinbase Wallet to store your own crypto or to use decentralized apps (i.e., “ DApps”), managing your funds across Coinbase products just got a lot easier.”
The Coinbase Wallet application is scheduled for an update in the next few days; the update will help users to receive an in-app notification to activate the optional new feature. The new feature will provide users an ‘easy to use’ experience.
The major obstruction for users of DApps is that they have to invest in a wallet in order to purchase digital collectibles, play games, or use open investment apps such as Compound or Maker.
The new feature enables users to fund their Coinbase Wallet from Coinbase.com account with just one click.
The blog concluded by highlighting that in the near future, Coinbase will make it easy for users to send cryptocurrency back to their Coinbase account from their Coinbase Wallet.
Recently, Coinbase has to witness a scandal following Neutrino’s acquisition for $13.5 million. Neutrino, a blockchain analytics firm was supposedly teamed up with Hacking Team, a Milan-based information technology company. Hacking Team had purportedly sold surveillance capacities to governments and law enforcement agencies.
The crypto community launched a hashtag #DeleteCoinbase urging crypto users to boycott the exchange over the acquisition of Neutrino. Coinbase had to expel Neutrino staff with alleged connections to the Hacking Team.
In February, Coinbase announced about its decision to support Bitcoin Cash (BCH) directly into its Wallet. The goal of Coinbase Wallet was to build a leading platform for the user-custodied crypto wallet.