Coinbase Unveils “Wallet as A Service” To Drive Mass Web3 Adoption Coinbase, the largest cryptocurrency exchange in the U.S., has unveiled “Wallet as a Service” (WaaS) – a new wallet that seeks to onboard institutions and billions of users globally to Web3. Announcing the move on March 8, the company noted that the wallet will help eliminate the barriers associated with conventional crypto wallets when accessing web3 services, such as the “complex mnemonic seeds and counterintuitive User Interfaces.” To do this, WaaS will enable companies to create and deploy fully customizable onchain wallets to their end users, simplifying the often complex process of onboarding users.

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