COINBASE WALLET integrates SHPING shopping companion App
Integration enables Shping app users to seamlessly connect their Coinbase wallets to store and trade Shping Coin.
Shping, Australia’s first shopping super app that allows consumers to compare prices, maximize savings and earn crypto rewards, announced an integration with Coinbase Wallet. Users can now easily connect their Coinbase Wallets and seamlessly transfer Shping Coin, the universal token of the Shping economy that empowers brands to reward consumers directly for engagement.
Through this integration, Shping users can now trade their earned Shping Coin for other cryptocurrencies, cash out to fiat, or simply store them in their Coinbase Wallet by linking to the Shping App. For seamless access, Shping has implemented a “Sign in with Coinbase” OAuth2 authorisation method, making the app available for easy log-in to Coinbase users. The integration also extends Coinbase’s gas-free transfer to Shping users to eliminate transaction fees.
Coinbase Wallet is a self-custody wallet that gives customers complete control of their crypto. This means that the private keys (which represent ownership of the cryptocurrency) for users’ wallets are stored directly on their mobile device and not with a centralized exchange. Coinbase Wallet currently supports Ethereum and all EVM-compatible networks in both the mobile app and browser extension. In addition, the mobile app also supports Bitcoin, Dogecoin, Litecoin, Stellar Lumens, and Ripple network.
“We share a common goal with Shping: bringing Aussies to the forefront of Web3 innovation in easy and secure ways. Shping Coin is a universal token that allows brands to reward their customers directly for their engagement and loyalty, and its integration with Coinbase Wallet will enable hundreds of thousands of retail customers in Australia to earn crypto rewards as part of their shopping activities,” said John O’Loghlen, Country Director of Coinbase in Australia.
Boasting nearly 9 million product inquiries to date, Shping enables brands across all retail categories to leverage data insights, drive sales and directly reward and engage consumers with the Ethereum-based Shping Coin, bringing traditional marketing and incentives into the age of blockchain. Consumers can easily earn Shping Coin by viewing brand content, scanning barcodes, writing reviews, and uploading receipts.
Currently available in Australia, Shping is rapidly becoming the world’s first comprehensive global product database and represents the next era of “smart shopping” by enabling consumers to search for products across multiple retailers and create shopping lists that guarantee the best possible prices. With Shping’s innovative platform and incentives, value is added to every component of the retail ecosystem, from brands to shoppers and everyone in between.
“Shping Coin provides tremendous benefits to both consumers and brands and is quickly being adopted as the universal token of reward for every participant across the retail ecosystem,” said Gennady Volchek, Founder and CEO, Shping. “We’re thrilled that our integration with Coinbase Wallet represents the next step in the evolution of Shping Coin, providing our customers with easy on-and-off ramps through one of the world’s most trusted and regulated crypto exchanges.”