Crypto:
36635
Bitcoin:
$91.990
% 1.14
BTC Dominance:
%58.6
% 0.02
Market Cap:
$3.13 T
% 1.40
Fear & Greed:
28 / 100
Bitcoin:
$ 91.990
BTC Dominance:
% 58.6
Market Cap:
$3.13 T

Coinbase Launches a New Service via Social Media

Coinbase Launches a New Service via Social Media

Coinbase, one of the world’s largest crypto exchanges based in the U.S., introduces a new service allowing customers to send money to each other for free through the world’s most popular social media platforms.

In a blog post, the company stated, ‘Whether it’s messaging apps like WhatsApp, iMessage, and Telegram or social media platforms like Facebook, Snapchat, TikTok and Instagram, even via email, we’ve made it easy to send money anywhere you can share a link.’

Coinbase also mentioned that people can send money to others even if they are in different countries, and the transfers will be resolved instantly and free of charge. The company also noted that if a link is sent to someone and they do not already have Coinbase’s digital wallet, they will be directed to download it from the app stores.

Therefore, both the sender and the recipient of the funds will need to have a Coinbase Wallet. The money will then be sent, and if not claimed within two weeks, it will be automatically refunded to the sender.

Good Timing

Coinbase’s efforts to bring more utility to its digital wallet and attract new users are taking place during a period of rising cryptocurrency prices. Currently, the leading cryptocurrency, Bitcoin, is trading at around $44,000. The company’s stock has also performed well this year, partly due to a decrease in the intensity of its legal battles with the Securities and Exchange Commission.
Meanwhile, major traditional financial firms like BlackRock are still hoping for the imminent approval of spot Bitcoin ETF applications.

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