Coinbase Launches New Feature, Transfers Of Funds Overseas Can Be Linked

The Coinbase crypto exchange slides the remittance service simply and easily, via link or link. (Photo; Doc. Cryptews)

JAKARTA - Coinbase, the world's leading crypto exchange platform, is rolling out a new feature that allows users to transfer global funds easily and quickly. This feature takes advantage of links or links that can be shared through various channels, including popular messaging and social media applications.

Coinbase says that this feature aims to remove barriers that users often face when they want to send or receive cross-border money, such as complicated banking details, expensive wire transaction fees, and long finishing times.

With this feature, users only need to share the link generated by Coinbase to the recipient, which can then claim the funds by clicking on the link.

This feature is compatible with various social media and messaging applications, such as Whatsapp, Instagram, Tiktok, Facebook, Telegram, Snapchat, and also via email. This feature also works on all platforms capable of sharing links. Coinbase explains that if the recipient does not claim funds within two weeks, the funds are automatically returned to the sender.

This feature does not charge users any fees, both senders and recipients. This feature also offers instant settlements, without the need to wait for blockchain confirmation. This feature supports various cryptocurrencies available on Coinbase, such as Bitcoin, Ethereum, USDC, and others.

This feature is one of the latest innovations from Coinbase, which continues to strive to facilitate crypto access and use for users around the world. Previously, Coinbase also launched a'simple mode' in its non-custodial wallet, which focuses on core functions such as buying, shipping, acceptance, and protection of digital currencies.