According to Transak, users of the Coinbase self-custody wallet in Southeast Asia can now use its Web3 integration platform “like a fiat on-ramp to buy crypto.” Transak’s integration with the Coinbase wallet comes at a time when more and more users are becoming “aware of the importance of keeping their assets safe, secure, and in their control.”
Overcoming barriers to non-custodial wallets
Transak, a Web3 integration framework provider, recently said that Coinbase wallet users can now use its platform “like a fiat on-ramp to buy crypto.” According to a press release, the integration “facilitates [the] onboarding” users in Southeast Asian countries like Thailand and the Philippines.
According to a Nov. 29 statement, the Coinbase wallet integration announcement follows Transak’s recent addition of local payment methods that allow users in both countries to overcome barriers to non-custodial wallets.
In the Philippines, users can now buy crypto on Transak using local payment methods such as Gcash, Maya, and Grabpay or through debit and credit cards. Similarly, users in Thailand can buy crypto on Transak with their debit and credit cards as well as bank transfers.
The growing stock of self-hosted wallets
Commenting on the Coinbase wallet integration with Transak, Hassan Ahmed, Coinbase’s regional manager in Southeast Asia (SEA), sought to highlight the growing importance of users controlling their own funds. He said:
Self-hosted wallets are on the rise, especially as more and more people realize the importance of keeping their assets safe, secure, and under their control. Coinbase Wallet, with its world-class security and ease of use, now integrated with Transak, makes it even easier for SEA customers to access crypto and Web3 with peace of mind.
For his part, Sami Start, co-founder and CEO of Transak, said his platform’s integration with Coinbase makes participation “more intuitive for users.” On the other hand, the inclusion of local payment methods means that users in those regions can onboard more efficiently while incurring “lower transaction fees overall”.
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