Coinbase wallet users get direct access to cryptocredit

by in Cryptocurrency News

Coinbase wallet

Coinbase Wallet developers announced the integration of various decentralized finance (DeFi) protocols into the wallet interface. Thus, obtaining passive income on crypto assets has been hugely simplified.

Previously, this feature was implemented through decentralized application browsers or WalletLink for desktop computers.

Trending: Facebook Calibra wallet is now called Novi

“It wasn’t so easy to compare rates or watch balances from various suppliers,” said Sid Coelho-Prabhu, head of the Coinbase Wallet development team.

According to him, now that these functions are implemented in the wallet’s interface, nothing prevents the client’s assets from starting to work.

“It is enough to choose a coin for lending, then a smart contract, and the amount that you are willing to lend. Further, the cryptocurrency falls into the smart contract and begins to earn interest,” a Coinbase Wallet representative explained.

Trending: Tencent will direct $70 billion to develop blockchain and IT

The option is currently available for iOS wallet users, an update for Android is going to appear in the coming weeks.