In their most recent blog post, Coinbase’s Siddharth Coelho-Prabhu announced that Coinbase Wallet will now enable the support of Bitcoin Cash (BCH). This means that users will have the option to store BCH directly on Coinbase Wallet app.
— Coinbase Wallet (@CoinbaseWallet) February 20, 2019
The blog post goes on to say:
“Our goal with Coinbase Wallet is to create the world’s leading user-custodied crypto wallet. Coinbase Wallet already supports Bitcoin, Ethereum, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum. Adding support for Bitcoin Cash is an important next step in that direction.”
The new update will be incorporated to all the users on both Android and iOS in the upcoming weeks. The support for BCH will be on the application by default.
“All you need to do is tap ‘Receive’ on the main wallet tab and select Bitcoin Cash to send BCH to your Coinbase Wallet.”
To help developers and empower users, the wallet also supports Bitcoin Cash Testnet, which can be activated by going to advanced settings. JSON Payment Protocol will also be incorporated in the wallet pretty soon.
Coinbase had previously announced that they will be supporting other popular cryptocurrencies too. Earlier users could securely store and manage assets available on the Ethereum blockchain — Ether, ERC20 tokens and ERC721 collectibles. One of the most-requested features, however, is support for other popular cryptocurrencies. Coinbase Wallet is a rebrand of the ‘Toshi’ client the company introduced back in April of 2017. The wallet also connects to a dapp browser that showcases certain ETH-fueled platforms.
After the addition of BCH to the wallet lineup, there’s a wide variety of dapps that could be added to the Coinbase browser like Memo.cash, Craft.cash, Wormhole, the Simple Ledger Protocol (SLP)and Bookchain. Earlier this month, Coinbase added the support of BTC on their wallet. It seems like they are going to add Litecoin (LTC) pretty soon.