Coinbase CEO, Brian Armstrong confirms “Toshi is now Coinbase Wallet!”
Toshi, the top mobile Ethereum wallet and Web 3 DApp browser, is now Coinbase Wallet. Toshi was built by Coinbase a little over a year ago. Coinbase Wallet has emerged as the platform for crypto entrepreneurs, who wish to build mobile dapps.
Making the announcement on Twitter and explained the purpose of Coinbase Wallet, the leading exchange said:
“Toshi is now @CoinbaseWallet! This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone.”
Toshi is now @CoinbaseWallet! This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone. https://t.co/dIn5CRE6eZ pic.twitter.com/bmdQmpe6Gs
— Coinbase (@coinbase) August 15, 2018
Brain Armstron, the co-founder and CEO of Coinbase, confirmed the news through a tweet, stating:
— Brian Armstrong (@brian_armstrong) August 15, 2018
What does the Coinbase Wallet offer?
Managing ETH and all ERC-20 tokens, receiving airdrops and ICO tokens, purchasing & storing crypto collectibles — non-fungible tokens and fee-less cross border payments, are some of the highlights of the Coinbase Wallet. The Coinbase Wallet will be supposedly “redefining” wallet expectations.
The US based exchange that aims to build an open financial system, believes in the power of blockchain. As mentioned in its blog, Coinbase stated that in the future everyone will own a crypto wallet that will let the wallet holders to access decentralized applications (dapps) and “that wallet will be their gateway to the open financial system”.
Coinbase said: “Coinbase Wallet is more than just a tool to access your cryptocurrency — we view it as your home-base for exploring the decentralized web and its possibilities.”
The wallet has been designed to secure the private keys with the Secure Enclave and biometric authentication technology of the device. Coinbase is striving to simplify the handling of cryptocurrencies and accessing of the decentralized web as much as possible. Offering best-in-class secure storage is also on the cards.
Image via Shutterstock
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