Coinbase has developed an encrypted messaging experience in its Wallet offering, in collaboration with XMTP.
Coinbase Wallet’s messaging will enable crypto users to establish secure communication channels between Ethereum Layer 1 and Layer 2 accounts, using crypto domain names provided by cb.id, Ethereum Name Service and Lens profiles for identification., XMTP’s design makes it compatible with any identity solution associated with blockchain accounts, without necessitating changes at the blockchain level.
Messages tied to a Coinbase user’s wallet can be securely ported to any other decentralized social media apps onand other platforms that integrate with XMTP, such as Lenster, Orb, and Converse.xyz, without requiring any additional steps. That means conversations can seamlessly continue across different platforms, underscoring the service’s flexibility. Moreover, the messages are encrypted with security keys exclusively shared between the conversation participants, adding an extra layer of security.without incurring any gas fees, all within the messaging interface.
Coinbase Wallet will be the first and only self-custodial wallet to feature integrated messaging on XMTP, providing users with ownership of their cryptocurrency, identity, and communications. The messaging feature will go live today and be accessible to users receiving an invitational QR code from the company.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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