Coinbase has introduced “smart wallets” to simplify the crypto onboarding process by eliminating high fees and complex processes generally associated with traditional crypto wallets.
Coinbase hopes to onboard over a billion users by offering simplified gasless transactions and multi-chain support through the new offering.
Smart Wallets
Coinbase introduced the “smart wallets” campaign on the 5th of June, 2024, promising a hassle-free transition to blockchain operations by integrating with a host of applications and offering support for networks such as Base and Ethereum. According to Coinbase, smart wallets significantly lower the barriers such as network fees and recovery phrases. Coinbase stated in its announcement,
“Today, we’re launching the next evolution of self-custodial wallets. Smart wallets are a revolutionary step forward in our mission to bring more than 1 billion users on-chain. These next-generation wallets address the biggest pain points of
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