{"id":561109,"date":"2023-03-08T17:00:00","date_gmt":"2023-03-08T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinbase-launches-wallet-as-a-service-for-businesses\/"},"modified":"2023-03-08T17:00:00","modified_gmt":"2023-03-08T14:00:00","slug":"coinbase-launches-wallet-as-a-service-for-businesses","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinbase-launches-wallet-as-a-service-for-businesses\/","title":{"rendered":"# Coinbase launches wallet-as-a-service for businesses"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ebfd5d816\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ebfd5d816\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/coinbase-launches-wallet-as-a-service-for-businesses\/#%E2%80%9D_Coinbase_launches_wallet-as-a-service_for_businesses_%E2%80%9C\" >&#8221; Coinbase launches wallet-as-a-service for businesses  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Coinbase_launches_wallet-as-a-service_for_businesses_%E2%80%9C\"><\/span>&#8221; Coinbase launches wallet-as-a-service for businesses  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvM2UyNmJkZmItZWMxNS00NjQwLTk0NDAtOTdjNjRlZmEwOTMzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Crypto exchange Coinbase has launched a new business solution for enterprises looking to offer Web3 wallets to their customers \u2014 a move it says will help streamline the adoption of Web3 products and services.\u00a0<\/p>\n<p>Coinbase\u2019s wallet-as-a-service, or WaaS, provides enterprises with the technical infrastructure to create and launch customizable on-chain wallets, the exchange announced on March 8. Specifically, WaaS provides a wallet <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication programming interface (API) that allows businesses to create wallets for simple customer onboarding, loyalty programs or in-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> purchases. <\/p>\n<p>According to Coinbase, Web3 wallets have struggled to gain wider mainstream acceptance because of their complexity, poor user experience and the challenges associated with maintaining mnemonic seeds. <\/p>\n<p>When asked about how WaaS solves the complexities of Web3 wallets, the head of product at Coinbase\u2019s Web3 Developer Platforms, Patrick McGregor, said the new solution provides \u201ccontrol over end-to-end product experiences,\u201d a reduction in \u201cimplementation cost and complexity\u201d and helps brands improve security while reducing risks.\u00a0\u00a0<\/p>\n<p>\u201cToday, companies are forced to push their users through confusing onboarding flows, often instructing users to download third-party self-custodial wallets,\u201d he said. \u201cThis context switching results in high drop-off rates during onboarding, meaning a company is never able to deliver its product to users.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Imagine your seed phrase is now public information. What do you do next? https:\/\/t.co\/BNTEjaCMaM<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1605112274783711232?ref_src=twsrc%5Etfw\">December 20, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The WaaS toolkit incorporates multi-party computation (MPC), a form of cryptography that allows multiple parties to jointly compute a function without revealing their inputs to one another. In practice, MPC is said to enhance private key security within Web3 platforms. An MPC crypto wallet allows users to store their digital assets more securely because their private keys are split into multiple parts and distributed among the parties involved in the protocol.\u00a0<\/p>\n<p>\u201cThe problems of key loss that plague the traditional self-custody world are avoided with WaaS\u2019 MPC cryptographic functionality,&#8221; McGregor explained. \u201cOur [software development kits] provide robust, user-friendly backup functionality to ensure that users continue to maintain access to their assets.\u201d<\/p>\n<p>The crypto exchange\u2019s WaaS infrastructure is currently being used by companies such as Floor, Moonray, thirdweb and tokenproof. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>HyperPlay game aggregator alpha launched, features in-built Web3 wallet<\/em><\/strong><\/p>\n<p>Web3 infrastructure development appears to be heating up amid crypto winter, as startups, corporations and investors look to define the future vision of the decentralized internet. Although not everyone is convinced that current Web3 modalities are advancing the principles of decentralization, developments around MPC and decentralized privacy suggest many in the industry are taking it seriously. <\/p>\n<p><iframe loading=\"lazy\" title=\"How to keep your crypto safe in 2023 | Analyst explains\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/F0qH0zWLh4o?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>McGregor noted that many companies are \u201cseeking to build for Web3 ahead of the next bull market,\u201d a period in which cryptocurrency prices <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly rise. Coinbase is \u201cseeing strong excitement about token-gated content (for both online opportunities and physical real-world use cases), moving loyalty programs on-chain, deep integrations between games and assets owned by users, and more.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinbase-launches-wallet-as-a-service-for-businesses\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Coinbase launches wallet-as-a-service for businesses &#8220; Crypto exchange Coinbase has launched a new business solution for enterprises looking to offer Web3 wallets to their customers \u2014 a move it says will help streamline the adoption of Web3 products and services.\u00a0 Coinbase\u2019s wallet-as-a-service, or WaaS, provides enterprises with the technical infrastructure to create and launch&#8230;<\/p>\n","protected":false},"author":1,"featured_media":561110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/3e26bdfb-ec15-4640-9440-97c64efa0933.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74956,74860,74879,117],"class_list":["post-561109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinbase","tag-cryptocurrency-exchange","tag-wallet","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/561109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=561109"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/561109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/561110"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=561109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=561109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=561109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}