This strategic collaboration allows users to buy crypto directly through the Coinbase Wallet using popular local payment methods.
These methods are available across various Asian countries, including the Philippines, Vietnam, and Indonesia. Let’s explore more about this important news for the Coinbase wallet.
Coinbase Wallet Integrates Local Payment Methods Across Asia
TransFi, known for powering seamless payment solutions worldwide, helps businesses and individuals find more efficient ways to transfer money. By integrating with Coinbase Wallet, TransFi is enabling a smoother onboarding process for users in Asia. This aims to boost cryptocurrency adoption by simplifying the purchase process.
In the Philippines, users can now utilize GCash and PayMaya through Coinbase Wallet to buy cryptocurrencies. Both platforms are widely used digital payment services in the country, known for their convenience and broad user base.
We’ve unlocked new ways to buy in Asia!@getTransFi is now available on Coinbase Wallet. Onboard to crypto using:
GCash, PayMaya in the Philippines 🇵🇭
Viet QR, Momo, Viettel Pay in Vietnam 🇻🇳
OVO, Dana in Indonesia 🇮🇩 pic.twitter.com/VfYu37FgzL— Coinbase Wallet 🛡️ (@CoinbaseWallet) May 10, 2024
Vietnam sees a similar enhancement with the addition of Viet QR, Momo, and Viettel Pay as options in Coinbase Wallet. These popular Vietnamese payment services offer unique features catering to a large segment of the population.
Indonesia is not left behind, with OVO and Dana now available for crypto purchases through Coinbase Wallet. Both are leading payment apps in the Indonesian market, known for their security and user-friendly interfaces.
More About the Coinbase Wallet in Asia
This expansion by Coinbase into the Asian market is a clear indication of the growing interest and demand for cryptocurrencies in the region. By partnering with TransFi to tap into existing, widely-used payment infrastructures, Coinbase is broadening its own reach. This collaboration also makes the crypto market more accessible to millions of potential users across Asia.
The move is part of a broader trend where crypto platforms are increasingly looking to integrate with local payment services to remove barriers to entry.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
