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Partnered with XMTP to provide messaging service
Major US crypto asset (virtual currency) exchange Coinbase has partnered with XMTP, a startup company that provides a Web3 messaging function, to introduce a messaging service to Coinbase Wallet.
Today we’re thrilled to announce that @CoinbaseWallet has added encrypted messaging in-app using XMTP!
This milestone marks the first major wallet to build in secure messaging as a first-class feature.
Scan the QR code at the end of the thread for access. pic.twitter.com/5KL1rmQXPP
— XMTP (hiring) (@xmtp_) July 12, 2023
Coinbase Wallet is a self-custody wallet.
The messaging service now allows the use of human-readable Ethereum addresses, including long-string wallet addresses as well as those powered by the Ethereum Name Service (ENS).
Since 2022, Coinbase has partnered with Ethereum Name Service (ENS) on its wallet.
connection: Web browser version “Coinbase Wallet”, easy-to-read wallet address provided free of charge
Users can use the wallet to communicate with other users, send tokens of various denominations, and have conversations on other XMTP compatible apps. You can also send USD coins (USDC) with no network fees.
Messages on the wallet are end-to-end encrypted to protect privacy.
You can also search for friends and invite them to chat by sharing your QR code.
Search and discover new friends 
Share your personal QR code and invite friends to chat. Or connect with new people through search.
Rolling out to all current @LensProtocol users first—just be sure to update your app! pic.twitter.com/MwBCE6F5dE
— Coinbase Wallet 
(@CoinbaseWallet) July 12, 2023
Coinbase will first offer this messaging service from some users, including all users of the social function layer “Lens Protocol” by Web3 company “Aave Companies” who built the DeFi (decentralized finance) project “Aave”. To go.
connection: Polygon-based social layer “Lens Protocol” raises 2 billion yen Tencent and others participate
What is a self-custody type wallet?
A wallet that is used to manage private keys and hold assets by yourself instead of an exchange. It is sometimes called “self-hosted” or “self-managed”.
Cryptocurrency Glossary
“Enhanced security”
Coinbase continued that by adopting XMTP, it has improved security over previous social networks.
For example, sending cryptocurrency to the wrong address, claiming ownership of a .eth username that someone doesn’t own, or creating a fake profile. there is
Coinbase launched its self-custody wallet in 2017 and has since added various features to the wallet. In January, it also introduced transaction previews and the ability to flag potentially fraudulent smart contracts.
The U.S. Securities and Exchange Commission (SEC) also claimed Coinbase Wallet as an unregistered securities broker in June as part of its lawsuit against Coinbase. Meanwhile, Coinbase has said it will continue to operate “as usual.”
The post US Coinbase to offer message function in wallet appeared first on Our Bitcoin News.
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