Coinbase Wallet unveils USDC transfers via Facebook, TikTok, and WhatsApp
Coinbase Wallet users can now send money globally just by sharing a link.
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Crypto exchange Coinbase announced today that users can now send and receive USD Coin (USDC) via links shared on social media sites like Facebook, TikTok, and Snapchat, as well as messaging apps like WhatsApp, iMessage, and Telegram.
According to Coinbase, recipients can access the money by clicking the link, which will automatically deposit the funds into their Coinbase Wallet. If they don’t have the app, they will be prompted to download it and create a wallet automatically.
“Users can now send money on any platform that they can share a link — including messaging apps like WhatsApp, iMessage, Telegram, and via popular social media apps, email, and more,” wrote Chintan Turakhia, Head of Engineering for Coinbase Wallet, in a new blog post published today.
This eliminates the need to provide bank account details, wire transfers, or other time-consuming and costly traditional money transfer methods. Instead, by simply sharing a link, users can instantly send or claim funds around the world with no transfer fees.
The company said funds not claimed within two weeks are automatically returned to the sender.
Coinbase Wallet said it is focused on expanding access to digital assets globally, especially in countries with high inflation and limited banking infrastructure. The wallet already supports local fiat currencies in over 130 countries using leading payment platforms like Pix, GCash, and Instant P2P.
In addition to simplifying money transfers, Coinbase is working to enhance merchant transactions and Bitcoin payments on its platform. Last month, Coinbase upgraded its Commerce platform with the Onchain Payment Protocol across Ethereum, Polygon, and Base. This feature instantly swaps customer crypto assets for USDC to remove volatility risk.
Looking ahead, Coinbase CEO Brian Armstrong also confirmed that the exchange will soon be adding support for the Lightning Network. This will allow for cheaper and faster BTC transactions, further improving the user experience.