News Coinbase Plans Bitcoin Support For Wallet

Coinbase Plans Bitcoin Support For Wallet


- Advertisment -

The Digital Isle of Man is making a blockchain push with the rollout of an Isle of Man Blockchain Sandbox and the creation of a blockchain office, according to reports. The blockchain office will provide marketing support and foster collaboration in the field (as well as communication between companies and regulators). In addition, the blockchain sandbox will allow participants to work on and experiment with the blockchain.

Digital Isle of Man CEO Lyle Wraxall said, according to reports, “We are looking to attract premium blockchain businesses and the world’s top exchanges to the Island, and we will be creating new tech-agnostic regulation inspired by best practice that we’ve seen from other high-quality jurisdictions around the world.”

On another note, Coinbase said on Wednesday (Feb. 6) that its wallet will roll out bitcoin support to users on Android and iOS, Coindesk reported. While crypto keys are stored by the exchange for purchases made through the company’s app or website, “users safeguard their own private keys” through the wallet. As it stands, the wallet supports ethereum classic and ethereum as well as other “over 100,000” ERC-20 tokens and ethereum-built ERC-721 collectibles. And, in the future, the company is developing support for litecoin as well as additional digital currencies.

In other Coinbase news, European Free Trade Association (EFTA) and European Union (EU) users now have an option to withdraw funds to PayPal, Coindesk reported. Customers in 28 EU member countries as well as Iceland, Switzerland, Liechtenstein and Norway in the EFTA can use the feature. Before that functionality was added, customers in Europe could only use U.K. Faster Payments and Single Euro Payments Area (SEPA) for withdraws.

And Abra, a digital currency exchange and wallet provider, is allowing users to invest in stocks, TheNextWeb reported. Through the company’s new functionality, users can buy parts of shares in companies (the “likes of Facebook, Apple, Amazon, Google,” according to the outlet). In addition, users can reportedly buy shares in indexes as well as exchange-traded funds with bitcoin. The service is said to make money through a spread at the time of exchange for digital currencies.



Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Coinbase Plans Bitcoin Support For Wallet

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you