Coinbase has launched a smart wallet designed to facilitate the onboarding of a billion users by enhancing the capabilities and ease of use of self-custodial wallets. These innovative wallets are positioned as a key element in expanding global access to blockchain networks.
Thursday, June 6, 2024Coinbase has introduced a new Smart Wallet, offering a self-custodial solution that uses biometrics and a passkey system to secure transactions via a user-specific smart contract. This innovative approach ensures that users retain sole ownership of their wallet, with multiple layers of recovery provided by iCloud Keychain and Google Password Manager, minimizing reliance on intermediaries and enhancing user control and security in managing their digital assets.