Transak, a Web3 Crypto Onboarding Platform, now integrates with the Coinbase Wallet.

Overcoming Non-Custodial Wallet Barriers
Transak, a provider of Web3 onboarding infrastructure, recently announced that Coinbase wallet users can now use its platform “as a fiat on-ramp to buy crypto.” The integration, according to a statement, “simplifies [the] onboarding” of users in Southeast Asian countries such as Thailand and the Philippines.

According to a Nov. 29 statement, the Coinbase wallet integration announcement comes on the heels of Transak’s reported recent addition of local payment methods that allow users in both countries to overcome barriers to non-custodial wallets.

Users in the Philippines can now purchase cryptocurrency on Transak using local payment methods such as Gcash, Maya, and Grabpay, as well as debit and credit cards. Similarly, users in Thailand can purchase cryptocurrency on Transak using debit and credit cards, as well as bank transfers.

The Increasing Supply of Self-Hosted Wallets
Hassan Ahmed, Coinbase’s regional director for Southeast Asia (SEA), commented on the Coinbase wallet integration with Transak, highlighting the growing importance of users controlling their own funds. He stated:

Self-hosted wallets are becoming more popular, particularly as more people recognize the importance of keeping their assets safe, secure, and under their control. With its world-class security and ease of use, Coinbase Wallet is now integrated with Transak, making it even easier for SEA customers to access crypto and Web3 with confidence.

Transak co-founder and CEO Sami Start said the platform’s integration with Coinbase makes it “more intuitive for users to participate.” However, the inclusion of local payment methods means that users in these regions can onboard more quickly while incurring “lower overall transaction fees.”