Wallet as a Service (WaaS) now available through self-service in Coinbase Cloud

03/22/2023 01:06 • Crypto & Markets • 59 views

On March 22nd, Brian Armstrong, CEO of Coinbase, said on Twitter, “Wallet as a Service (WaaS) is now available through self-service in Coinbase Cloud (currently limited to test networks). It is possible to pass the Quick Start Guide and make the API work properly. Praise the team that is driving this process. Let all of our APIs be integrated into a comprehensive product (Coinbase Cloud).” And has consistent authentication, logging, billing, SDK, etc. There is still a lot of work to be done. “We have built many difficult things internally – let’s make them public.”

Coinbase CEO: WaaS services are available through self-service in Coinbase Cloud

Are you interested in learning about the new Wallet as a Service (WaaS) feature that is now available in Coinbase Cloud? On March 22nd, the CEO of Coinbase, Brian Armstrong, tweeted about the release of WaaS in Coinbase Cloud. In this article, we will delve deeper into what WaaS is, how it works, and what this means for the future of Coinbase.

What is Wallet as a Service (WaaS)?

WaaS is a cloud-based solution that enables users to integrate their wallet functionality directly into their application or website. With WaaS, developers can access a variety of blockchain networks without having to download and manage blockchain infrastructure. This makes it easier for developers to build and manage decentralized applications without the need for a steep learning curve. Since WaaS is based on a pay-per-use model, developers can save money on infrastructure costs.

How does WaaS work?

WaaS works by using API keys to enable developers to access Coinbase’s infrastructure through a web application. Developers can then use these API keys to create transactions, check balances, and send funds between accounts. WaaS also provides developers with a wide range of tools and features to help them build better decentralized applications.

What does this announcement mean for the future of Coinbase?

The release of WaaS in Coinbase Cloud represents a significant step forward in the company’s mission to create a comprehensive product. It enables Coinbase to offer a broader range of services to its customers while also making it easier for developers to create decentralized applications.

What’s next for Coinbase?

According to Armstrong, there is still a lot of work to be done. The company has built many internal tools that they hope to make public in the future. This means that we can expect to see more announcements from Coinbase in the coming months as they continue to develop their services and infrastructure.

Conclusion

In conclusion, the release of Wallet as a Service in Coinbase Cloud represents a significant step forward in the company’s mission to create a comprehensive product. It enables developers to easily build and manage decentralized applications without the need for a steep learning curve. The pay-per-use model also allows developers to save money on infrastructure costs, making it more accessible for smaller developers. We can expect to see more announcements from Coinbase in the future as they continue to develop and expand their offerings.

FAQs

1. What is Wallet as a Service?
Wallet as a Service (WaaS) is a cloud-based solution that enables users to integrate their wallet functionality directly into their application or website. It enables developers to easily build and manage decentralized applications without the need for a steep learning curve.
2. How does WaaS work?
WaaS works by using API keys to enable developers to access Coinbase’s infrastructure through a web application. Developers can then use these API keys to create transactions, check balances, and send funds between accounts.
3. What does this announcement mean for the future of Coinbase?
The release of WaaS in Coinbase Cloud represents a significant step forward in the company’s mission to create a comprehensive product. It enables Coinbase to offer a broader range of services to its customers while also making it easier for developers to create decentralized applications.

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