Transferring crypto was once a difficult, technical task. But now Coinbase is making it as simple as sending a text message.

‍What’s happening:‍

• Coinbase (NASDAQ: COIN) has unveiled a new feature through Coinbase Wallet that allows users to send crypto to anyone through a link
  
• The link can be sent via iMessage, Telegram, WhatsApp and other popular messaging platforms globally
  

How it works:‍

• Coinbase Wallet allows users to choose the amount of crypto they would like to transfer and then generate a unique link to send to the recipient
  
• The recipient receives the link by text message, which will then prompt them to create their own Coinbase Wallet to be able to deposit the transfer
  
• Once they have a Coinbase Wallet they will receive their crypto instantly and be able to seamlessly transact within the Coinbase platform
  

Why it matters:‍

• Reducing the friction between sending and receiving crypto unlocks enormous potential for crypto being more widely adopted for payments and global money transfers
  

Going deeper:‍

• Coinbase has been rolling out numerous new features for users, including the notable launch of their very own blockchain
  

By the numbers:‍

• Coinbase Wallet is available in 20 languages and 170 countries
  
• There are more than 130 fiat onramps that now work with Coinbase Wallet globally