1. BITBILIHome
  2. Article

Aptos Labs partners with Coinbase Pay to streamline Web3 onboarding

• 73 views

TL;DR Breakdown

  • Aptos Labs has integrated Coinbase Pay into its crypto wallet, Petra, to simplify the process of converting fiat currency into crypto and vice versa.
  • The partnership aims to enhance the web3 user experience by offering multiple payment options, including bank transfers, debit and credit cards, and Coinbase account balances.

Description

In a significant move to simplify the entry into the web3 ecosystem, Aptos Labs has integrated Coinbase Pay into its crypto wallet, Petra. This collaboration aims to provide a seamless experience for users to exchange value within the Aptos ecosystem, whether they are accessing Petra via a mobile device or a web browser. The integration … Read more

In a significant move to simplify the entry into the web3 ecosystem, Aptos Labs has integrated Coinbase Pay into its crypto wallet, Petra. This collaboration aims to provide a seamless experience for users to exchange value within the Aptos ecosystem, whether they are accessing Petra via a mobile device or a web browser. The integration allows users to add APT, Aptos Labs’ native token, to their Petra wallets through various payment options, including bank transfers, debit and credit cards, and even their Coinbase account balances.

Strategic collaboration for enhanced functionality

The partnership comes as part of Aptos Labs’ broader initiative to enhance the web3 user experience. By incorporating Coinbase Pay, a well-known fiat on-ramp, the company intends to reduce the friction often experienced by new users when converting fiat currency into crypto and vice versa. However, this stride is expected to attract a new wave of Petra users from Coinbase’s extensive community, thereby expanding the user base for both platforms.

The integration of Coinbase Pay into Petra follows a series of similar efforts by companies to improve customer onboarding by enhancing functionality. In some instances, these enhancements have been achieved through collaborations with traditional tech giants. 

Last month, Aptos Labs announced that it was exploring “innovative solutions” related to asset tokenization and digital payments in collaboration with Microsoft. Similarly, Coinbase has maintained a working relationship with payments behemoth PayPal since at least 2021.

Founded by former Meta employees, Aptos Labs aims to leverage this partnership to establish a more direct connection with Coinbase’s millions of users. The collaboration is seen as a strategic move to not only simplify but also accelerate the adoption of web3 technologies. By offering a range of global payment options, from PayPal to direct checking, the partnership promises to make the Aptos ecosystem more accessible than ever.

In summary, the integration of Coinbase Pay into Aptos Labs’ Petra wallet marks a significant step in simplifying the web3 onboarding process. By offering multiple payment options and a user-friendly interface, the partnership aims to attract a broader audience to the web3 ecosystem. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Aptos Labs partners with Coinbase Pay to streamline Web3 onboarding

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月22日 01:19
Next 2023年9月22日 05:44

Related articles

  • Bitcoin gains popularity in Japan as Yen’s volatility escalates

    TL;DR Breakdown Kaiko data shows the share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in Q1 2023. Historical data shows that citizens of nations plagued by inflation have embraced digital assets, and Japanese traders have joined the bandwagon. Trading activity on Japan-focused exchanges has increased faster than in Korean markets and the Coinbase exchange listed on the Nasdaq. The global 4-decade inflation rate is pushing investors to digital assets and natural resources. Description Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in history. The volatility has traders on Japan-focused digital asset exchanges turning … Read more Bitcoin has found a new home in Japan. Since the Federal Reserve (Fed) began its aggressive interest rate hike campaign in March 2022, the Japanese yen has significantly depreciated. The Japanese Yen has experienced some of the most severe swings in exchange rates in…

    Article 2023年7月21日

  • US presidential candidate Vivek Ramaswamy unveils crypto policy agenda

    TL;DR Breakdown US presidential candidate Vivek Ramaswamy has unveiled his crypto policy agenda. Shifting crypto policies in the right direction in America. Description US Presidential candidate Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference, unveiling plans to develop a comprehensive crypto policy framework ahead of Thanksgiving. In a fireside chat with Messari CEO Ryan Selkis, Ramaswamy offered insights into his stance on cryptocurrencies, recent SEC rulings, and the role of crypto in … Read more US Presidential candidate Vivek Ramaswamy made a significant announcement during his appearance at Messari’s Mainnet crypto conference, unveiling plans to develop a comprehensive crypto policy framework ahead of Thanksgiving. In a fireside chat with Messari CEO Ryan Selkis, Ramaswamy offered insights into his stance on cryptocurrencies, recent SEC rulings, and the role of crypto in disrupting traditional finance. US presidential candidate criticizes regulatory agencies The US presidential candidate’s vision for crypto regulation leans towards a hands-off approach, and he didn’t hold back in his criticism of regulatory agencies, which he referred to as the “unconstitutional fourth branch of government.”…

    Article 2023年9月22日

  • China could surpass the US: Yuan will never surpass USD

    TL;DR Breakdown China might become the world’s largest economy by 2030, but the US dollar will likely retain its global dominance. Historical trends suggest a gradual transition, not a sudden shift in the leading currency. A “tripolar” currency system may emerge with the dollar, euro, and yuan sharing dominance. Description While China is making formidable strides towards potentially becoming the world’s largest economy by 2030, a shift in currency dominance isn’t necessarily part of that equation. Akin to the historic transition when the United States overtook Great Britain, the greenback isn’t likely to abdicate its throne as the globe’s principal currency anytime soon, even with … Read more While China is making formidable strides towards potentially becoming the world’s largest economy by 2030, a shift in currency dominance isn’t necessarily part of that equation. Akin to the historic transition when the United States overtook Great Britain, the greenback isn’t likely to abdicate its throne as the globe’s principal currency anytime soon, even with the rising dragon. The unfaltering greenback in the global economy Indeed, the future may hold a partial…

    Article 2023年6月21日

  • Nigerian crypto exchange Patricia battles security breach promises steadfast recovery

    TL;DR Breakdown Nigerian crypto trading platform, Patricia, experienced a security breach compromising its Bitcoin and Naira assets. In response to the breach, Patricia has temporarily suspended fund withdrawals and initiated an internal restructuring. The company has identified one individual from the syndicated group responsible for the breach and is working with law enforcement to recover the assets. Renowned Nigerian crypto exchange, Patricia, has recently grappled with a massive security breach affecting the company’s Bitcoin and Naira assets. A situation that has precipitated immediate measures to shield its user base and fortify its security landscape. This unexpected cybersecurity incident prompted the suspension of fund withdrawals, a step taken as part of an ongoing internal restructuring designed to enhance the platform’s security measures. Hello Chief, We have a much needed update for you. #patriciatechnologies #cryptocurrencies pic.twitter.com/AcOIdIE8Vu — Patricia (@PatriciaSwitch) May 26, 2023 A syndicated breach and the race to recovery The hacking incident, evidently syndicated, cast its shadow over Patricia’s financial reserves, specifically compromising Bitcoin and Naira assets. While the exact extent of the impacted assets remains undisclosed, Patricia, in collaboration with…

    Article 2023年5月30日

  • Russian lawmakers propose game-changing amendments to digital ruble bill

    TL;DR Breakdown Proposed amendments to the regulations governing the digital ruble in Russia focus on areas such as debt, services for non-residents, and the role of the central bank. The amendments aim to modify the Constitution and include significant changes. The current legislation allows enforcement officials to seize any amount of digital rubles. As a result of recent hearings in the Russian parliament, members of parliament have suggested significant amendments to the regulations that regulate the digital ruble initiative in the nation. The activities of the debt, the services provided to non-residents, and the role of the central bank are the critical areas of attention in the proposed modifications, which are intended to modify the Constitution as it was originally written. The Committee on the Financial Market of the State Duma has created a set of proposals to prepare for the second reading of the digital ruble legislation. According to a story published by the state-owned news site Interfax on May 22, these plans purportedly include several substantial alterations. The proposed changes include making it illegal for the Bank of…

    Article 2023年5月25日
TOP