Aptos Labs’ Petra integrates with Coinbase Pay to support web3 adoption. The partnership addresses key onboarding issues for new web3 users. With this move, Petra aims to make cryptocurrency transactions easier and attract more mainstream users.
Aptos Labs’ Petra will leverage Coinbase Pay!
Developed by the innovative Aptos Labs, Petra integrates Coinbase Pay across desktop and mobile platforms. This strategic move aims to solve some outstanding problems in the emerging web3 space, according to the companies’ statements. Petra’s impressive trajectory so far includes integration with more than 160 decentralized applications such as Pyth, LayerZero, and PancakeSwap. This new partnership will further enhance web3 capabilities. Aptos Labs will add a fiat onramp that many users of Coinbase are familiar with. Thus, Aptos wants to simplify the process of converting fiat money into crypto.
“With Coinbase Pay, Coinbase users can seamlessly add APT to Petra through the bank of their choice, debit card, credit card, and even their account balance,” Aptos said in the statement. The announced integration follows similar announcements in which companies aim to improve onboarding of new customers by enhancing or adding functionality, in some cases by partnering with traditional technology companies.
Mo Shaikh: Web3 challenges need to be addressed
According to Mo Shaikh, co-founder and CEO of Aptos Labs, convenience is of great importance in web3. Crypto wallets are mainly aimed at experienced crypto enthusiasts. However, the future lies in appealing to newcomers. In this context, Shaikh said, “Consumer adoption does not happen without this.” says. He also emphasizes that simple financial transactions are essential for web3 to thrive. Non-financial applications such as gaming and e-commerce have gained momentum in recent years. Expectations are that this will increase in importance with the initial involvement of crypto wallets. This is why the collaboration between Coinbase and Aptos Labs is important.
The future of crypto wallets
Crypto wallets, as it stands now, prioritize the experienced crypto user. However, it often overlooks newcomers eager to enter the field. However, there seems to be a change on the horizon. Improving user accessibility and experience will inevitably attract more mainstream users. The actual number of people making the switch depends on a variety of external factors. Partnerships like Petra’s integration with Coinbase Pay are a hopeful sign for the industry, given that many crypto services still remain complex and cumbersome for many.
cryptokoin.comAs you follow from , Aptos Labs also focuses on artificial intelligence and web3 integrations. In this regard, it also cooperates with the technology giant Microsoft. Another notable partnership is with DeFi project Sushi. This aims to give users access to Blockchains beyond Ethereum. Will Robinson, Coinbase’s vice president of engineering, points out the importance of such integrations. In this regard, he states that these point to a multi-chain future. Mo Shaikh believes that collaborations with well-known organizations such as Coinbase Pay will make Petra even more attractive, reach more users and improve user experience across various ecosystems.
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