The company has been working on the Toshi dApp for almost a year, but now they are making the Coinbase Wallet out of it. The team views wallets of the future as means of accessing dApps and using the decentralized Internet built on DLT.
The new Coinbase Wallet allows managing ETH, receiving airdrops and ICO coins, access decentralized trading sites, etc. Support for BTC, LTC and other ‘big’ coins to be switched on soon.
Everyone who is already using Toshi will see it updated to the new Wallet in the short term.