The developers of Coinbase Wallet have added the option of saving user private keys to the Google Drive and iCloud cloud services.
Representatives of the American company are confident that the new option will help users of the Coinbase Wallet (formerly Toshi) to save funds in case of loss of the device or private keys.
Now, with cloud backup, we give you the ability to store an encrypted copy of your recovery phrase on your personal cloud account. You will only have to remember a password, that you decide, in order to recover your funds. If you lose your device or get signed out of the app, you can easily regain access to your funds with the combination of your personal cloud account (iCloud or Google Drive) and your password.
The company claims that only a Coinbase user will have access to a password and funds.