Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet – Wallets Bitcoin News
According to Transak, users of the Coinbase wallet in Southeast Asia can now use its Web3 onboarding platform “as a fiat ramp to buy crypto.” Transak’s integration with the Coinbase wallet comes at a time when more users are becoming “aware of the importance of keeping their assets safe, secure and in their control.”
Overcoming barriers to non-custodial wallets
Transak, a provider of Web3 onboarding infrastructure, recently said that users of the Coinbase wallet can now use the platform “as a fiat on-ramp to buy crypto.” According to a statement, “integration is facilitated [the] onboarding” of users in Southeast Asian countries such as Thailand and the Philippines.
According to a Nov. 29 statement, the Coinbase wallet integration announcement followed Transak’s reported recent addition of local payment methods that enable users in the two countries to overcome barriers to non-custodial wallets.
In the Philippines, users can now buy crypto on Transak using local payment methods such as Gcash, Maya and Grabpay or through debit and credit cards. Similarly, users in Thailand can buy crypto on Transak with their debit and credit cards and through bank transfers.
The rising stock of self-service wallets
Commenting on the Coinbase wallet integration with Transak, Hassan Ahmed, regional director at Coinbase in Southeast Asia (SEA), sought to highlight the growing importance of users controlling their own funds. He said:
Self-service wallets are on the rise, especially as more people become aware of the importance of keeping their assets safe, secure and under their control. Coinbase Wallet, with its world-class security and ease of use, now integrated with Transak makes it even easier for SEA customers to access crypto and Web3 with confidence.
For his part, Sami Start, co-founder and CEO of Transak, said the platform’s integration with Coinbase makes it “more intuitive for users to participate.” On the other hand, the inclusion of local payment methods means users in those regions can board more efficiently while incurring “lower transaction fees overall.”
What are your thoughts on this story? Let us know what you think in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
