Coinbase Launches Consolidated On-Chain Wallet App

Coinbase has introduced a new wallet feature as part of its “super app” roadmap to simplify the cryptocurrency user experience.

Coinbase has launched an on-chain tool to enable 360-degree portfolio management across multiple cryptocurrency wallets on different decentralized networks. Dubbed the “Coinbase Wallet web app,” the solution provides a one-stop shop for tracking assets, performing token swaps, and sending funds, among other things.

Users can access the platform on desktop and mobile phones and explore eight networks, including Base and Solana (SOL).

Coinbase Unifies App to Address Adoption Issues

Despite the global growth of cryptocurrency, wallet management has been a barrier to mass adoption. Industry veterans have sometimes expressed difficulty using cryptocurrency wallets and jumping between chains to interact with a basket of assets.

However, Monetary baseThe unified solution could ease concerns from new and existing users. Eliminating wallet app installs, replacing 12-word recovery phrases with a passkey, gas-free development on Base, batch transactions, and a simplified web navigation dashboard will encourage developers and users to flock to Web3, according to Sid Coelho-Prabhu, senior director of product management at Coinbase Wallet.

Such a solution could prove crucial, as the blockchain sector becomes increasingly important in the coming months and years.

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