- Coinbase launches a new fiat-crypto transfer feature, Coinbase Pay.
- Enables direct transfer through chrome browser extension.
- Exclusive for only America and Canada, for now.
Getting fiat into crypto wallets has always been a problem evidently. Lots of copy-pasting, and wallet addresses are always required for this process. In most cases, errors and mistakes do tend to happen from time to time.
In spite of this, one of the most profuse global crypto exchange platforms, Coinbase has launched a new futuristic feature, termed the ‘Coinbase Pay’. According to the staff from Coinbase, they term that this will enable flawless, and simplest means to transfer fiat directly to the Coinbase wallets.
Coinbase Pay With Chrome Extension
On 16, March 2022, the Coinbase crypto exchange platform officially launched the new fiat to crypto transferring feature, the ‘Coinbase Pay’. Accordingly, this new feature enables the users of Coinbase wallets to transfer their fiat directly through their Chrome browser extension.
In spite of this, fiat could now be transferred directly to the Coinbase wallets from the credit or debit cards upon the chrome browser extension. With this, the Coinbase team terms that this will enable and encourage the users to trade more and indulge in many other attributes like Decentralized Finance (DeFi), Non Fungible Token (NFT), swap tokens, Decentralized Exchanges (DEX), and much more.
Besides, Coinbase states proudly that they have indeed eliminated the hard manual process of transferring and operating numerous wallet addresses and accounts. In addition, with Coinbase Pay, one could simply select the amount from their credit or debit card linked, add to the chrome wallet extension, and just confirm.
Apart from all this, as of now this Coinbase Pay feature will be available only for American and Canadian users. They plan to extend to other countries’ users shortly.
