Giant Service from Coinbase: Introduced New Wallet Product for Web3

Popular US cryptocurrency exchange Coinbase has introduced a new personalized wallet service product to enable wider use of Web3 services.

Wallet-as-a-Service made by Coinbase on March 8 (WaaS) infrastructure announced. WaaS, the wallet service product specifically designed for corporate services, Web3 aims to pave the way for getting closer to the concept. Addressing the problems in Web3 wallet adoption, Coinbase said in a statement. complex storage words And bad user experience He stated that it turns people off from doing business in this area.

According to Coinbase, corporate businesses can serve their customers simply and securely with WaaS. wider They will be able to include it in Web3 services. Users thanks to WaaS personalized user experience And easy wallet creation on on-chain access privileges such as

On the other hand, one of the biggest problems of traditional Web3 wallets is recovery words (Seed-Key) situations such as lost, thanks to the software development kits of WaaS. a user-friendly backup will be prevented.

Making a statement on the subject, Coinbase’s Web3 product manager Patrick McGregoremphasized that their solution provides control over end-to-end product experiences and offers a more secure application interface at a lower cost:

Companies today have to force their users into confusing wallet streams, often telling users to download complex third-party wallets. This contextual confusion results in the majority of users abandoning their investment.

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