Coinbase executive: Cryptocurrency adoption requires more friendly beginner apps
Odaily2024/07/09 23:51
By:Odaily
Odaily News Chintan Turakhia, senior director of engineering at Coinbase, said that to attract the first billion
cryptocurrency users, more friendly beginner applications are needed. The current user registration process is complicated and has many obstacles, including setting up wallets, paying transaction fees, and purchasing
blockchain native tokens. To simplify this process, Coinbase launched the Smart Wallet, which uses simpler login options such as account names and passwords to replace complex seed phrases. In addition, the new Smart Wallet also sponsors transaction fees by Coinbase, further lowering the threshold for use. Turakhia believes that consumer applications will be the way to popularize cryptocurrency, such as the Telegram-based mini-game
Hamster Kombat, which has exceeded 239 million users in 81 days.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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