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Coinbase has made a groundbreaking move by launching its Embedded Wallets developer tool through the Coinbase Developer Platform. This innovative solution simplifies the integration of self-custodial wallets for developers, providing unparalleled ease and security in wallet management.
As part of this new tool, users can now onboard seamlessly using email, SMS, or OAuth instead of browser extensions or seed phrases. Additionally, the SDK offers built-in features like crypto onramps, token swaps, and 4.1% annual percentage yield (APY) on USDC balances without requiring staking.
The Embedded Wallets tool is specifically designed to cater to developers in various sectors, including decentralized finance applications, gaming platforms, payment systems, and Web3 social media. By providing an all-in-one solution for integrating self-custodial wallets, Coinbase aims to accelerate the growth of on-chain finance and self-custodied solutions.
Coinbase has also rebranded its consumer wallet application as the Base app, signaling a new direction in its mission to create a comprehensive platform that supports users’ complete crypto journey.
Source: coincentral.com
