How WalletConnect integrated Coinbase Pay to enable in-app fiat-to-crypto transactions
March 29, 2024
WalletConnect aims to provide developer toolkits that empower builders to create engaging onchain applications. It has a suite of developer SDKs, including Web3Modal, which is designed to help developers easily connect their onchain applications with various wallets.
“Our mission is to empower builders to create engaging web3 experiences by arming them with best-in-class web3 tooling. A major roadblock for apps today is providing seamless user onboarding and start-to-finish in-app services, for example, funding a wallet when looking to make a transaction or purchase.” – Jess Houlgrave, CEO, WalletConnect
The Challenge
In today’s cryptoeconomy, many users have trouble engaging in onchain activities because they get stuck in a difficult onboarding process. New crypto users first need to create a wallet, then buy crypto through an exchange, and transfer their crypto from the exchange to their wallet - a process that often requires several different tools and platforms. To simplify this onboarding experience, WalletConnect was looking for a solution that would allow app-builders building with Web3Modal to enable secure in-app crypto purchases for their users.
The Solution
WalletConnect found that solution by integrating Coinbase Pay into Web3Modal’s latest feature — On-ramp. By incorporating Coinbase Pay, On-ramp now allows builders to provide their users with purchase 100+ cryptocurrencies natively within their app. In just a few clicks, users can access their existing funds in their Coinbase account, or purchase new tokens to support in-app activity and transactions across multiple chains, including Ethereum, Base, Arbitrum, and Polygon.
Coinbase Pay enables builders to accept users’ preferred payment methods, including ACH, debit, and crypto balances without the need to verify users and store their payment information. Once Coinbase Pay is integrated, you are able to access Coinbase's top of the line KYC, customer support, and fraud protection services, as needed.
“Working with a reputable brand like Coinbase for such an important product offering was important to us in terms of security, compliance, and credibility. Our customers can build and integrate with confidence that their users can experience trusted and secure infrastructure.” –Jess Houlgrave, CEO, WalletConnect
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