On Wednesday, Coinbase (NASDAQ:COIN) launched a new feature, dubbed "Coinbase Pay," that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote:
With Coinbase Pay, one would simply need to select the currency to add to one's wallet on Chrome, specify the amount and confirm the transaction. "No more switching between apps, copy-pasting addresses and manually transferring funds," the staff at Coinbase wrote.