Not Through Banks Again, Money Transfers Will Be Done On Social Media, Here's The Leaked Information!

Coinbase Wallet will be used for money transfer by creating links to be shared by users on social media. (Photo; Doc. NFT Arsa)

JAKARTA - Coinbase, a leading crypto exchange from the United States, has just launched a money transfer service to various countries instantly. This instant delivery can be done using USDC stablecoins, crypto assets whose value is tied to US dollar value.

Unlike the money transfer method through banks, Coinbase's instant money transfer will be able to be done through various social media applications. Coinbase claims that this service will make it easier for users of their crypto wallets to send money around the world without the need to bother with complicated bank transfer processes.

Furthermore, Coinbase explains that users can now send money anywhere in the world using popular social media platforms such as WhatsApp, Telegram, Facebook, iMessage, TikTok, Instagram, or even email.

"Imagine you want to send money to family or friends in other countries. Instead of dealing with the complexity of route numbers, bank account numbers, [costs] of expensive transfers, bank fees, and waiting for up to five working days to make money available, just use a link from Coinbase Wallet to send via your favorite messaging and social app at no cost and instant settlement..." according to Coinbase's statement.

This is a major breakthrough in facilitating financial transactions, especially for those in countries with limited access to the global financial system. Deliveries can be made using digital wallets to store Coinbase's crypto asset, Coinbase Wallet. Later, users can create a link or link from the crypto wallet.

The Coinbase Wallet crypto wallet is already available in more than 130 countries. This allows free-cost remittances using USDC. In addition, Coinbase also plans to continue to expand global access by providing options to buy as many digital assets as possible in the country.

With this service, users can send money to their families or friends in other countries without having to deal with route numbers, bank account numbers, expensive wire transfer fees, and waiting times for up to five working days to make money available. Just use a link or link from Coinbase Wallet to send via your favorite messaging and social app at no cost and instant settlement.

This service will certainly have a significant impact on the global crypto ecosystem, facilitate transactions, and open new opportunities for the use of crypto in everyday life.