Coinbase has announced the launch of the Base App, which replaces traditional wallets and offers new opportunities in trading and payments.
What is the Base App?
The Base App is a multifunctional platform for trading, social features, and payments. The official launch took place in Los Angeles, marking the company’s strategic direction.
Integration with Shopify and USDC
Alex Danco, a product manager at Shopify, highlighted the integration with the new Base App, allowing tens of thousands of merchants to use USDC for payments. This aligns with the growing demand for seamless crypto transactions.
Financial and Regulatory Implications
The launch of the Base App is viewed as a strategic shift in Coinbase’s policy, impacting industries across trading, payments, and social interactions. The introduction of features like tap-to-pay and rewards for USDC usage aims to boost liquidity and transactions on the Ethereum blockchain.
The launch of the Base App represents a significant step for Coinbase, considering its impact on the cryptocurrency market and potential regulatory changes.
