Coinbase Wallet, a non-custodial cryptocurrency wallet, has launched a new instant messaging feature that allows users to chat with each other using their Ethereum addresses. The new feature is powered by the Extensible Message Transport Protocol (XMTP), an open-source protocol that is designed to make it easier for users to send and receive messages across different platforms.
The chat feature is currently available in beta to a select group of users. However, Coinbase plans to roll it out to all Coinbase Wallet users in the coming weeks.
To use the chat feature, users simply need to enter the Ethereum address of the person they want to chat with. Once they have added the user, they can start sending messages. Messages are encrypted end-to-end, so only the sender and recipient can see them.
The chat feature is a significant addition to Coinbase Wallet. It allows users to communicate with each other more easily and securely. The feature could also be used to facilitate peer-to-peer transactions.
Here are some of the key features of the Coinbase Wallet chat feature:
• End-to-end encryption: Messages are encrypted end-to-end, so only the sender and recipient can see them.
• Cross-platform compatibility: The chat feature is compatible with all platforms that support XMTP.
• Simple to use: The chat feature is easy to use and does not require any special knowledge.
How does this affect the crypto community?
The launch of the Coinbase Wallet chat feature is a significant development for the crypto community. It allows users to communicate with each other more easily and securely. The feature could also be used to facilitate peer-to-peer transactions.
The chat feature could also be used to promote adoption of cryptocurrency. By making it easier for people to communicate with each other about cryptocurrency, the chat feature could help to educate people about the technology and encourage them to adopt it.
What's next for the Coinbase Wallet chat feature?
Coinbase has not yet announced any specific plans for the future of the Coinbase Wallet chat feature. However, the company has said that it is committed to making the feature more user-friendly and adding new features.
It is possible that the chat feature could be used to support other features of Coinbase Wallet, such as the ability to send and receive cryptocurrency. The chat feature could also be used to connect users with other services in the crypto ecosystem, such as decentralized exchanges.
Only time will tell how the Coinbase Wallet chat feature will evolve. However, the launch of the feature is a significant development for the crypto community and could have a major impact on the way people communicate about cryptocurrency.