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Coinbase Wallet launches instant messaging feature with XMTP

Coinbase Wallet launches instant messaging feature with XMTP


DateJul 13, 2023

The new feature offers end-to-end encrypted private messaging for anyone with a cb.id username, .eth domain, or Lens ID.

Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using blockchain addresses. XMTP is also used by decentralized social media network Lens.

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According to the XMTP documents, the messaging protocol runs on a network whose nodes are 100% owned by its developer, XMTP Labs. However, the documents also say the company is “working toward a phased decentralization of the network."

In a conversation with Cointelegraph, XMTP co-founder Shane Mac reiterated this point about the value of decentralization. He emphasized that XMTP is not a social media or instant messaging app. Instead, it is a protocol that other applications like Coinbase Wallet and Lens can use. In his view, this allows users to choose which app they want to use without having to give up their identities or chat histories if they change apps.

Source - https://cointelegraph.com/news/coinbase-wallet-launches-instant-messaging-feature-with-xmtp

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