Coinbase Wallet to introduce Tap-to-Pay crypto solution
It plans integration across 50 countries by 2025, enabling seamless onchain transactions via bank account linking.
Coinbase Wallet is preparing to launch a tap-to-pay cryptocurrency payment feature, aiming to rival fast payment services like Cash App, Venmo, and PayPal. Jesse Pollak, the lead for Coinbase Wallet and creator of Ethereum Layer 2 Base, announced the rollout is in its final testing phase, with a full launch expected soon. The feature promises a faster and more global payment experience, targeting merchants worldwide.
Pollak envisions Coinbase Wallet integrated across 50 countries by 2025, enabling users to link their bank accounts for seamless on-chain transactions. The addition of stablecoin off-ramps, such as USD Coin and Tether, will simplify converting digital assets into local currencies, potentially driving merchant adoption through cheaper, faster payment methods.
Meanwhile, Base is addressing Ethereum Layer 2 interoperability issues. By implementing new standards like ERC-7683 and RIP-7755, Base aims to enable seamless token transfers across Layer 2 networks, including Arbitrum and OP mainnet. Pollak expects these solutions to be in place within six months, unlocking significant new use cases in a blockchain ecosystem currently securing $42 billion in value.
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