Canadian Coinbase Users Now Able to Purchase Cryptocurrencies through Samsung Pay
Coinbase, the leading cryptocurrency exchange, has announced a significant expansion of its Base ecosystem, transforming the Coinbase Wallet into the Base App. This all-in-one platform integrates finance, messaging, content creation, and decentralized applications to provide a comprehensive user experience beyond just a layer-2 blockchain on Ethereum.
The Base App is not just a technological advancement; it's a major step towards Coinbase's vision of creating an "everything app" that encompasses trading, payments, social networking, and decentralized finance under one platform.
Faster Performance and Seamless Integration
The Base Chain has also been upgraded to improve performance, reducing block times from 2 seconds to 200 milliseconds. This enhancement aims to make the platform faster and more user-friendly.
In addition to the technological advances, Coinbase has introduced new features such as Base Account and Base Pay to complete the product suite and enable seamless on-chain activities within its ecosystem. The company believes that these features will keep users inside Coinbase's network for all crypto activities, reducing the need to move assets off-chain to other platforms.
Partnerships for a Global Reach
Coinbase has partnered with Shopify, integrating Base to enable Shopify merchants and users to access Base's blockchain infrastructure. This move aligns with Coinbase’s vision of welcoming a billion people into the on-chain economy via its Base App.
Moreover, Coinbase has announced a new integration with Samsung Pay, allowing Samsung users to use crypto assets through Base within the Samsung Pay platform. This integration bridges traditional payment systems and crypto wallets, making crypto transactions easier for millions of North American users.
A Leader in the Global Crypto Economy
Canada, ranked as the world's third-most crypto-aware nation, has an enthusiastic tech ecosystem with the potential to lead in the global crypto economy, according to Coinbase. The company has been hiring in Canada since 2021, employing over 200 full-time workers in the country.
The new feature, being rolled out to users across Canada over the next month, makes it easier for users to fund their crypto journey. As more people explore crypto on their mobile devices, Coinbase is making it easier, faster, and more familiar to get started.
With the new integration, buying crypto feels as easy as sending a text or tapping to pay at checkout. Samsung Pay makes buying crypto as simple as tapping to pay, according to Coinbase. The expanded Base is designed for building apps, growing businesses, creating what one loves, and earning on-chain.
Base Pay, a major feature of the expanded Base, is powered by Ottawa's Shopify. The new feature allows users to buy crypto directly from their mobile devices, making it more accessible than ever before.
In summary, the expansion and integration strategy reflect Coinbase's ambition to redefine how users interact with crypto. The company aims to provide a smoother path to crypto for millions of users across North America, bridging the gap between traditional payment systems and the world of cryptocurrency.
The Base App, with its integration of finance, messaging, content creation, and decentralized applications, is not just a technological advancement; it's a major step towards Coinbase's vision of creating an "everything app" that encompasses trading, payments, social networking, and decentralized finance under one platform.
Coinbase has introduced new features such as Base Account and Base Pay to complete the product suite and enable seamless on-chain activities within its ecosystem, aiming to keep users inside Coinbase's network for all crypto activities, reducing the need to move assets off-chain to other platforms.
