26 May 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Coinbase plans Ethereum messaging app

21 April 2017  |  11056 views  |  0 Mobile phone turning to cash

Bitcoin exchange and virtual wallet operator Coinbase is bidding to emulate China's hugely popular WeChat through a new unit that will offer a secure messaging app, an Ethereum wallet and a browser for Ethereum apps.

Similar to a web browser, the new platform, called Token, is a piece of software that runs on phones and allows users to access an open network.

The system offer a private and secure messaging app and a user-controlled Ethereum wallet for making payments as well as a browser for Ethereum apps that developers build.

The platform has a built in reputation system, with every user and app building their rep over time as they transact with others.

In a blog, Coinbase says that it has created Token in an effort to bring the kind of digital payments success seen by Chinese messaging app WeChat to the rest of the world.

Specifically, the firm is talking up Token's ability to boost financial inclusion by tapping into the ubiquity of smartphones and the potential of digital currency.

In addition, Token is designed to make it a lot easier for people to build and use Ethereum apps and to help shift digital currency away from being an investment to being a proper payment network.

A Token developer preview has gone live using testnet Ethereum so no real money is involved. A move to mainnet is planned in the next few months.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Alipay and WeChat near $3 trillion payments milestone

Alipay and WeChat near $3 trillion payments milestone

20 April 2017  |  12221 views  |  0 comments | 36 tweets | 41 linkedin
Chinese messaging giant WeChat has big ambitions in Europe

Chinese messaging giant WeChat has big ambitions in Europe

30 March 2017  |  7447 views  |  0 comments | 21 tweets | 25 linkedin
BTMU joins $10.5 million Coinbase round

BTMU joins $10.5 million Coinbase round

08 July 2016  |  4630 views  |  0 comments | 2 tweets | 7 linkedin
Coinbase issues Bitcoin debit card

Coinbase issues Bitcoin debit card

20 November 2015  |  11714 views  |  0 comments | 20 tweets | 23 linkedin
Coinbase runs into trouble over New York and California regulatory status

Coinbase runs into trouble over New York and California regulatory status

30 January 2015  |  8607 views  |  0 comments | 8 tweets | 1 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit dh.comvisit www.events.sap.comvisit www.ebaday.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
11721 views comments | 49 tweets | 77 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7236 views comments | 12 tweets | 24 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6012 views comments | 12 tweets | 20 linkedin
Enterprise Ethereum Alliance triples in sizeEnterprise Ethereum Alliance triples in si...
5979 views comments | 15 tweets | 17 linkedin

Featured job

Six Figure Base + Commission + Stock Options

Find your next job