Singapore is aiming to become the hub for the crypto and blockchain sphere. This is not a secret since the ambitions of the island country are out in the open. What seems to be working well for Singapore is the presence of known crypto ventures, like Coinbase, that are complementing its efforts.
Talking more about Coinbase, the venture has taken the lead with the introduction of a 2-click experience in Singapore, allowing users to conveniently join the platform. This brings them to par with others who are deriving benefits from the widely emerging crypto economy. This experience has been termed Singpass, and it is available throughout the apps that residents have access to.
Another initiative by Coinbase that is driving the digital economy of Singapore is its partnership with Standard Chartered. Partners are exploring ways to offer a seamless experience to customers by enabling them to cash in & out from their Coinbase accounts by using a local bank. Meaning they will be able to execute transactions on Coinbase through a bank in Singapore. Many crypto exchanges in Singapore are looking at this development, signaling that more players could soon turn their attention to follow suit. Assuming that happens, players will match the local industry standard of offering a convenient trading experience to their customers.
The developments are effective immediately, with customers being on the beneficial side at large. They now have greater control and flexibility over their digital assets under the partnership of Coinbase and Standard Chartered.
Singpass gives an easy entry gate to traders; however, the question is if there is a tool to ensure that beginners are equipped to trade digital assets. As a matter of fact, Coinbase has looked into this aspect as well through Coinbase Learning.
Coinbase Learning is basically a comprehensive catalog that guides beginners on how to trade on the platform. Experienced traders can access the catalog, too, to understand the tools that are offered by Coinbase. The ultimate goal of making Coinbase Learning available on the platform is to spread knowledge about the crypto market and the platform.
Mistakes can still be made, something that simply cannot be avoided. In that case, users can turn to the Help Center section of Coinbase, which has been recently upgraded. Reps at the Center have all the tools to assist users with every type of query. Connecting with the upgraded Help Center is easy and can be done by any of the available methods, including live chat. Coinbase review states that the customer support team can also be contacted through Email at any time of the day or night. A response is usually received within 48 working hours.
Coinbase offers more than 200 digital assets, including, but not limited to, Bitcoin and Ethereum. Users get a variety of choices to choose from. The fact that this is now supported with easy bank transfer and Singpass makes it more attractive while helping Singapore to become a leader in the crypto market.