Coinspeaker
Coinbase Wallet Introduces Shareable Links Option for Local and International Payments to Simplify Money Transfers
Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a shareable payment link to distribute via messaging apps, social media, or email.
The new feature removes the need to exchange complicated bank details or wait through sluggish traditional wire transfers. With a few taps, people can generate a link to send money to recipients worldwide with virtually no fees for instant access.
Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. It’s as simple as sharing a text or email through a messaging app and it is available in over 170 countries and 20 languages for worldwide accessibility.
To illustrate this, suppose you wish to send money or provide a tip to someone who has completed a task for you. This individual could be located far away from you, but with the help of a simple process, you can effortlessly transfer funds without any complexities. All you need to do is generate a link on your Coinbase account, specifying the desired amount to be sent, and then share the link with the recipient through various platforms such as WhatsApp, Telegram, Email, or any other app that supports link sharing. In a recent blog release, the company stated:
“We’ve made it easy to send money anywhere you can share a link, whether it’s through messaging apps like WhatsApp, iMessage, and Telegram, social media platforms like Facebook, Snapchat, TikTok, and Instagram, or even via email.”
Recipients can claim transfers by clicking the link on any platform that supports Coinbase Wallet and utilizing the app. They can download the wallet app itself and instantly create an account in one click to receive funds. However, any money that is unclaimed is automatically returned to the sender after two weeks.
Coinbase Wide Reach Is Also an Advantage
In addition to offering shareable links, Coinbase has been actively expanding user access on a global scale, now supporting fiat transactions in over 130 countries across the world. This widespread availability enables individuals from diverse nations to conveniently and swiftly conduct transfers using its platform.
Coinbase users situated in various countries can also receive funds from multiple cryptocurrency exchanges. Furthermore, they can convert their money into stablecoin USDC without incurring any fees and transfers at no network costs.
The company has also prioritized the development of an optional simplified mode, emphasizing an intuitive user experience to cater to a broader user base. These enhancements to the wallet align with Coinbase’s overarching objectives of facilitating streamlined cross-border money transfers with reduced complexity and fees, while simultaneously broadening access to the ever-evolving cryptocurrency landscape worldwide.
