Coinbase has recently announced the development of a new suite of wallet solutions aimed at simplifying the onboarding process for new users of on-chain applications. This process often involves complexities such as transaction signing, gas fees, and seed phrases, which Coinbase aims to streamline for its customers.

To achieve this goal, Coinbase is introducing two distinct wallet solutions, both of which cater to different needs and can be easily switched between by developers. The first solution, known as the Smart Wallet, is compatible with multiple apps and allows for instant wallet creation within a decentralized application (dApp) using a passkey, without the need for extensions, seed phrases, or additional app downloads.

The Smart Wallet, integrated into the Coinbase Wallet SDK, offers a global unified wallet experience, enabling users to carry their balances across various EVM-compatible apps. It is currently accessible on the Base Sepolia testnet, providing developers with a user-ready solution free of charge.

The second solution, Embedded Wallets, operates on the Wallet as a Service platform, facilitating the creation of white-labeled embedded wallets by developers. These embedded wallets simplify cryptocurrency complexities and support social and email login flows, resulting in customized user experiences within specific applications. Developers can participate in an early access program for these wallets.

Overall, these wallet solutions prioritize simplicity and security, allowing users to fund their wallets easily using Coinbase account balances. Additionally, users can manage their balances across different platforms, providing flexibility to interact with various dApps.