Toshi’s refreshed image, unveiled Aug. 15, will aid in Coinbase’s effort to “invest in products that will define the future of the decentralized web.”
Say Farewell to Toshi
According to the post:
“This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone. At Coinbase, we believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dApps) and that wallet will be their gateway to the open financial system.”
Current Toshi app users will be automatically updated to Coinbase Wallet in the near future.
Toshi, which launched last year, featured the world’s first mobile dApp browser, according to Coinbase.
Coinbase Wallet Features and More
In addition to the rebrand, Coinbase has unveiled a variety of features that it hopes will demonstrate “what you should expect a crypto wallet to be.”
According to the Coinbase Blog, these features include the ability to:
- Oversee Ethereum and ERC-20 tokens (Bitcoin, Bitcoin Cash and Litecoin will be added at a later date).
- Receive ICO tokens and airdrops.
- Send payments.
- Access decentralized exchanges to purchase and sell tokens.
- Explore third-party dApps, which will allow users to take out a loan, lend to others or earn crypto by completing tasks.
- Purchase and store crypto collectibles, which can be traded or used in games.
Coinbase Wallet will also ensure that private keys are secure by utilizing Secure Enclave and biometric authentication technology in user devices.
To download the Coinbase Wallet for your platform of choice, visit our Coinbase Wallet product listing.
In the blog post, Coinbase elaborated about the future of the app:
“Coinbase Wallet is one part of our effort to accelerate the adoption of crypto and dApps around the world. We’re looking forward to keeping our community updated as we continue to build the most secure and easy to use crypto wallet in the space.”
Cover Photo by Logan Fisher on Unsplash