Coinbase, the San Francisco-based cryptocurrency exchange, had announced recently in a blog post that, starting from today, Coinbase wallet users can send cryptos using very short human-friendly addresses; rather than traditional long addresses. Coinbase wallet users can now easily send cryptos to other wallet users with just their username added rather than full-length crypto addresses.
The blog post said,
Presently, some services let the user associate with the small human-readable name with the crypto addresses. Further, Coinbase helps them to integrate into Coinbase wallet experience. Whether or not the user chose to store their crypto with Coinbase or store it with themselves or in both, Coinbase makes it easy to manage their complete crypto portfolio.
Coinbase initiated the integration between the main Coinbase app and the wallet app last year. Moreover, this feature allows the user to link their Coinbase account easily to the wallet app and they can transfer funds to their wallet. Currently, they are introducing a simple way to send the cryptos back to Coinbase from their wallet for trading, storing and transferring it to their bank.
Coinbase strongly believes that the developments will make cryptocurrency easier to use and will help to drive adoption with more audiences. Users can send money to their business partners and friends like how they do in traditional payment apps; throughout the world and in cryptocurrency.
Coinbase wallet supports currencies which include, Bitcoin Litecoin, Bitcoin Cash, Ethereum, Ethereum Classic, Stellar Lumens, XRP, Dogecoin and all ERC20 tokens which includes DAI and USDC as well.
Coinbase is also integrating the Ethereum Name Service (ENS) which indicates the users can send crypto to .eth addresses. Additionally, ENS backs up all the currencies that are supported by the Coinbase wallet. Alternatively, the users can purchase their .eth addresses by visiting the ENS website in their wallet’s Dapp browser.
