Have been testing Smart Wallet and Magic Spend the last few days, few observations:

1. It’s super smooth, I can't wait to see it fully in the wild! The improvements to transaction UX make it insanely easy to spend on gas/transactions without thinking about it. Using Onchain is extremely simple and fun!

Introducing our smart wallet solution to help make onchain onboarding faster, easier, and safer. It's available for developers on @base Sepolia testnet now.

We’re excited to build in the open and help bring a billion users onchain.

→ https://www.coinbase.com/blog/evolving-wallets-to-bring-a-billion-users-onchain

No more top ups, no more waiting, pay for transactions directly from your Coinbase balance. That’s Coinbase onchain.

https://www.coinbase.com/price/ethereum

Well, would you look at that?

What’s the biggest hurdle for an average person to start using crypto? (E.g., not just trading)

Shout out to the folks at Token Terminal. Solid product that provides great detail on protocol fundamentals. If you have an interest in understanding fees, revenues, etc. I highly recommend: https://tokenterminal.com/terminal

It’s so odd that some of our regulators would prefer to hamper crypto in the face of off-shore competition, rather than provide support to sound US companies which can compete and win

Work, working out, and migas tacos. Is there much else?

On-chain consumer protection and insurance feel like underinvested areas of defi. If we want to push for consumer adoption of decentralized venues over centralized we need to identify ways to make mistakes, hacks, etc. more forgiving than they are currently.

Mailing a paper envelope with checks and my social security in order to pay taxes is craziest thing. Seems like there might be better alternatives…

You might be like “not your keys, not your crypto”. You might also be like “centralized exchanges are convenient”. 

Why not have both? You can have it with Coinbase dapp wallet!

https://www.coinbase.com/dapps/tutorial/browser

Curious, folks who use more than one crypto wallet client (MM, CBW, etc.), what’s the rationale? Is there specific role for more than one?

Spent a weekend in Vegas, cash to voucher to cash (usually less than I started). No traceability, no surveillance, and this industry is doing just fine. Probably a lot of opportunity in tokenization chips/vouchers that could be 10x improvements: wallet specific targeting, casino specific currency, to name a few.

Some kinks to work out but, damn, setting up my Farcaster account by signing a message in the Coinbase retail app feels good. Simplicity is bliss.

Bringing Coinbase Onchain | Lead for Retail Onchain products & Magic Spend

Pierce

@pierce