- Coinbase’s partnership with Bitkey, the Block’s self-guarding Bitcoin wallet, will span six continents.
- The platforms will integrate Coinbase Pay to allow users to buy/sell or transfer Bitcoin to their Bitkey wallet.
- Coinbase said the collaboration will allow customers to easily purchase, store and manage their bitcoins.
It owns Coinbase and Bitkey, a self-custodial Bitcoin (BTC) wallet created by Block, Inc. , announce A global partnership that will see the two companies promote the use of self-incubation.
The partnership, which will span six continents, will see Bitkey users buy and sell BTC on Coinbase, as well as transfer their holdings to their Bitkey wallets. The companies said in a blog announcement Thursday that the wallet includes a mobile app, a hardware device, and a suite of redemption tools.
According to the announcement, Coinbase and Bitkey will leverage Coinbase Pay to allow customers easy access to cryptocurrency onramps, the US-based cryptocurrency exchange mentioned in the blog post. It is a key component to powering the next adoption phase of the bitcoin economy.
“At Bitkey, we are building a self-trusting Bitcoin wallet designed to enable the next 100 million people to own and manage their Bitcoins – securely and easily.Lindsey Grossman, Chief Business Officer at Bitkey.
“Partners play a key role in bringing self-guardianship to an even larger group of people around the world, and we are incredibly proud of our partnership with leading companies like Coinbase to make self-guardianship secure and easy to use.. “
Bitkey launches global beta program
The collaboration between Coinbase and Bitkey has begun as the self-guarding wallet launched its global pilot program.
Customers in the beta program will be able to transfer their bitcoins from centralized exchanges to a self-custody Bitkey wallet. Buying and selling as well as direct transfers between Coinbase and Bitkey will be enabled when the wallet launches to the public later this year.
As mentioned above, Bitkey and Coinbase will offer the service to customers on six continents. Some of the countries include the United States, Canada, the United Kingdom, Brazil, and Australia.