-Coinbase Wallet plans to launch a Tap and Pay Crypto feature
with Eth L-2 innovation The "Tap to Pay" feature in #Coinbase Wallet simplifies payments with cryptocurrencies like Venmo and PayPal. According to Coinbase, "Tap to Pay" will expand the range of #cryptocurrency financial services worldwide by 2025.
Coinbase aims to solve Ethereum's layer 2 problem by accelerating cross-network transactions.
Coinbase wallet is preparing to launch a new feature "Tap to Pay" aimed at simplifying cryptocurrency payments at the touch of a button and making them as popular as traditional digital payments such as Venmo, Cash App and PayPal. Meanwhile, Jesse Pollack, head of Base and Coinbase wallet, confirmed that the feature is already in the "internal alpha testing" stage and will soon be widely launched.
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In addition to this, Coinbase has acquired the Utopia Labs team to accelerate the development of Coinbase Wallet's online payment capabilities.
Jesse Pollack, creator of the #Ethereum layer-2 (L2) core network and head of Coinbase Wallet, explained that the goal of Tap to Pay is to make crypto payments easier and more accessible for merchants around the world, especially those who currently use applications such as Venmo and PayPal.
The new Coinbase Wallet feature, "Tap to Pay, provides a faster and clearer payment process. By the end of 2025, Coinbase Wallet will be available in 50 countries and users will have access to a variety of financial services based on cryptocurrency, including connecting bank accounts to simplify transactions.
Pollack believes this move will allow users to manage their finances online and provide benefits such as lower transaction fees and faster processing times.
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