Bitcoin and cryptocurrency company Coinbase announced that its experimental wallet Toshi is now becoming Coinbase Wallet. Toshi was developed by Coinbase developers a little over a year ago. When launched, the wallet featured one of the first mobile dapp browsers and later, it became the first wallet to launch crypto collectibles.
The goal was to make managing cryptocurrency and accessing the decentralized web literally as easy as downloading an app on your mobile phone. Now known as Coinbase Wallet, users private keys are secured using the device’s secure enclave and biometric authentication technology. It is also a way to access the Paradex token exchange app, which Coinbase acquired this year.
For current users of the Toshi app, it will automatically upgrade to Coinbase Wallet soon.
With Coinbase Wallet, users will have the ability to:
- Manage ETH and all your ERC-20 tokens (very soon it will be supporting BTC, BCH, and LTC).
- Receive airdrops and ICO tokens.
- Buy and store crypto collectibles — non-fungible tokens that are unique — and use them in games, or trade them on marketplaces.
- Send payments to anyone anywhere, without geographical borders or fees.
- Access leading decentralized exchanges and relayers to buy and sell tokens.
- Explore the full universe of third-party dapps that enable everything from taking out a loan or lending to others on the blockchain to earning crypto by answering questions, performing services, or completing tasks.
The Coinbase team said:
“At Coinbase, we believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system.”