Never losing access to your crypto funds ever again. Coinbase now lets you secure your key phrase in Google Drive and iCloud.
The private keys generated and stored on your mobile device are the only way to access your funds on the blockchain. Owners of user-controlled wallets like Coinbase Wallet sometimes lose their devices or fail to back up their 12-word recovery phrase in a safe place, thus losing their funds forever, as noted in the announcement.
Read more here:
https://www.unblock.news/news/coinbase-now-lets-you-backup-your-keyphrase-in-google-drive-and-icloudNice teaming up, of course, but I agree with BrewMaster on this matter. I would never leave my recovery phrase or private key on google drive, because it's too vulnerable and can rather easily be hacked and accessed. At the same time, even though I know the safest way is to print out some copies and leave them in safe places, I don't do that. I trust Telegram enough to have important data there. If someone steals my phone I could end up pretty badly, but it never happened to me before, so yeah, I use this app to store important data.