Originally published on: November 14, 2024
Coinbase Wallet is gearing up to launch a revolutionary “Tap to Pay” crypto solution to rival popular fast payment platforms like Cash App, Venmo, and PayPal. In an exclusive interview with Cointelegraph, Jesse Pollak, the lead of Coinbase Wallet and founder of Base, unveiled this upcoming feature currently in the “internal alpha” phase, with a full-scale release expected very soon.
Pollak expressed his excitement about the potential impact of Tap to Pay, especially for smaller merchants who currently rely on mainstream payment platforms. He sees this feature as a game-changer that will provide more flexibility and convenience for users and businesses alike. The integration of Tap to Pay is a strategic move by Coinbase Wallet to stay competitive in the rapidly evolving crypto landscape.
Furthermore, Jesse Pollak shared his vision of integrating 50 countries into the Coinbase Wallet ecosystem by the end of 2025. This ambitious plan includes enabling users to link their bank accounts to Coinbase Wallet, facilitating seamless transactions and offering a wide range of payment options, including stablecoins like USD Coin (USDC) and Tether (USDT).
In addition to the Tap to Pay feature, Coinbase Wallet aims to address Ethereum’s layer 2 interoperability challenges within the next six months. Pollak highlighted the importance of standardizing cross-chain transfers through specifications like ERC-7683 and RIP-7755, which will enhance the connectivity between different Ethereum layer 2 solutions. By establishing a unified ecosystem, users can enjoy efficient token transfers across various platforms, unlocking new possibilities for decentralized finance (DeFi) applications.
With these innovative developments on the horizon, Coinbase Wallet is poised to revolutionize the crypto payment landscape and provide users with a seamless and secure financial experience. Stay tuned for more exciting updates from Coinbase Wallet as they continue to lead the way in decentralized finance innovation.
