Blockchain

Coinbase Wallet Now Compatible with Google Drive and iCloud

Coinbase Wallet Now Compatible with Google Drive and iCloudCoinbase Wallet Now Compatible with Google Drive and iCloud

As of yesterday, users using a Coinbase Wallet can now back up an encrypted version of their private keys to their personal cloud storage account. These accounts include either iCloud or Google Drive. Coinbase released this announcement via its personal blog yesterday.

Coinbase Wallet Upgrades

This new feature is making many within the cryptocurrency community scratch their heads. Coinbase states that the Coinbase Wallet cloud back-up feature is completely optional. The company also explained that the backup is encrypted using a user-provided password with AES-256-CCM encryption. Coinbase claims that this backup is accessible on the Coinbase Wallet.

Coinbase explains their reasoning behind this latest feature:

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