A Coinbase’s Wallet will soon launch a ‘tap-to-pay’ crypto payment solution to compete with Cash App, Venmo, PayPal and other lightning payment companies. In a statement, Coinbase Wallet head and Base founder Jesse Pollak revealed that the feature is a to your Coinbase wallet it is in alpha version now. And the full introduction will happen soon. At the DevCon conference in Bangkok, he said that they expect very serious interest from merchants. As he said, they will offer a “better, faster, more global” one-touch payment solution in all countries of the world.
The creator of Base, the second layer of Ethereum, hopes to integrate 50 countries into the Coinbase Wallet by the end of 2025. Part of that integration would be linking users’ bank accounts to Coinbase Wallet, Pollak said. As a goal, he stated that he would like people to transfer all their savings, spending, and investments to the blockchain. This gives users better interest rates and a better user experience. And better economic results for traders, if only because of fast and cheaper transactions. Bank account connections will allow users to receive funds in stablecoins such as USD Coin. Which can then be easily converted to their own currency.
The future belongs to lightning-fast stablecoin payments, says Coinbase Wallet
Although the stablecoin-based economy is still small, Pollak says the transformation will happen quickly as merchants learn to take advantage of cheaper payments. Meanwhile, according to Pollak, Base wants to solve Ethereum’s second layer interoperability problem within the next six months. There are many crosschain solutions between Ethereum mainnet and Ethereum second layers, but Base and other Ethereum second layer networks are still fragmented.
Pollak a DevConon.
According to Pollak, the problem will be solved through two important amendments. Notably, one is ERC-7683, which introduces an interoperability standard for cross-chain transfers. The other is RIP-7755, which allows reliable cross-chain execution. A successful solution would enable the transfer of tokens between Base and other Ethereum second layer solutions. Such as Arbitrum One, OP mainnet and Blast. This would unlock more use cases in an ecosystem that holds over $42 billion in value, the According to L2BEAT data. From there, Base will expand to all other first-layer networks, so that users can store their devices on Base and conduct transactions everywhere.
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<p>The post One of the popular wallets comes with a one-touch payment solution first appeared on CoinBuzzFeed.</p>
