Coinspeaker
Coinbase Wallet Introduces Encrypted Instant Messaging with XMTP
Cryptocurrency exchange Coinbase has partnered with the Extensible Message Transport Protocol (XMTP) project to add an encrypted messaging feature to its self-custodial wallet offering. Select Coinbase Wallet users with a cb.id (Coinbase Decentralized ID) username, .eth domain, or .lens address will now be able to send instant end-to-end encrypted messages to each other. According to a blog post by the exchange, the service will be rolled out to other Coinbase Wallet users in the future.
XMTP is an open-source, instant messaging protocol that enables users to communicate using their blockchain addresses. Web3 social network Lens, for example, uses the XMTP protocol. The XMTP integration into Coinbase Wallet puts the service on par with popular mainstream payment services such as PayPal’s Venmo and Block’s Cash App.
According to the exchange, this new feature presently supports thousands of cryptocurrencies
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