Coinbase's Wallet lead and Base founder, Jesse Pollak, announced the introduction of a new 'tap to pay' feature for the Coinbase wallet. The feature, set to be rolled out in 2025, aims to rival giants PayPal, Cash App, and Venmo by providing a better, faster, and more global tap-to-pay experience. It will allow users to receive stablecoin payments and convert them to local currencies, unlocking better interest rates and bridging the gap between digital assets and traditional banking. The announcement came alongside the news that Coinbase's Layer 2 blockchain solution, Base, is close to solving Ethereum's interoperability issues on L2. Pollak emphasized that this interoperability solution could enhance the way users interact with different blockchain networks and unite an ecosystem worth over $42 billion. Coinbase's recent acquisition of Utopia Labs also signals its commitment to enhancing on-chain payments and improving user experience. With the tap-to-pay feature, Coinbase aims to encourage more people to manage their finances directly on-chain, taking advantage of high-speed transactions and lower fees. The synergy between Coinbase, Base, and Utopia Labs positions the company to achieve its goal of a low-cost, fast, global payment system and support scalable and user-friendly solutions for digital finance.



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