Cryptocurrency exchange Coinbase is set to introduce a smart wallet, providing enhanced convenience to users. The new Coinbase Wallet eliminates gas fees and the need for recovery phrases, streamlining the onboarding process. Users can create a new wallet and join a blockchain without downloading additional apps or receiving new recovery phrases. The smart wallet integrates with major apps, utilizing Face ID, Google Chrome profiles, fingerprint ID, or Yubikey for onboarding via a passkey stored on users' devices. Offering self-custody, the wallet allows payments from the user's Coinbase Wallet or account. Developers can opt to cover gas fees by sponsoring transactions. A web app serves as the primary platform, facilitating asset management, transactions, and more. Initially supporting various networks, the smart wallet will be free for users and developers. Coinbase plans to roll out the new wallet to current users in the near future. Read more AI-generated news on: https://app.chaingpt.org/news