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Web3 Crypto Onboarding Platform Transak Integrates With Coinbase Wallet – Wallets Bitcoin News

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According to Transak, users of Coinbase self-custody wallets in Southeast Asia can now use the Web3 onboarding platform “as fiat currency to buy cryptocurrencies.” Transak’s integration with his Coinbase wallet comes at a time when more users are “recognizing the importance of keeping their assets safe, secure and in control.”

Overcoming barriers to non-custodial wallets

Transak, a Web3 onboarding infrastructure provider, recently said that users of Coinbase wallets can now use their platform “as fiat currency to buy cryptocurrencies.”According to the statement, the integration will be “easier [the] Onboarding users from Southeast Asian countries such as Thailand and the Philippines”.

As of November 29 statementthe announcement of Coinbase wallet integration follows Transak’s recently reported addition of local payment methods, allowing users in the two countries to overcome barriers to unmanaged wallets.

In the Philippines, users can now purchase cryptocurrencies on Transak using local payment methods such as Gcash, Maya, Grabpay, or debit and credit cards. Similarly, Thai users can also use their debit and credit cards on Transak to buy cryptocurrencies via bank transfer.

Growing stock of self-hosted wallets

Regarding the Coinbase wallet integration with Transak, Hassan Ahmed, Regional Director of Coinbase in Southeast Asia (SEA), tried to highlight the growing importance of users being in control of their funds. He said:

Self-hosted wallets are on the rise, especially as more people realize the importance of keeping and managing their assets safely and securely. With world-class security and ease of use, his Coinbase Wallet is now integrated with Transak, giving SEA customers worry-free access to crypto and his Web3.

Transak co-founder and CEO Sami Start said his platform’s integration with Coinbase “makes it more intuitive for users to participate.” On the other hand, including local payment methods means users in these regions can be onboarded more efficiently, incurring “lower transaction fees overall.”

What are your thoughts on this story? Let us know what you think in the comments section below.

Terrence Jimwala

Terence Zimwara is an award-winning journalist, author and writer from Zimbabwe. He has written extensively on the economic problems of several African countries and how digital currencies can provide an escape route for Africans.

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