Coinbase Wallet is preparing to introduce a 'Tap to Pay' feature aimed at streamlining cryptocurrency transactions, set to be available in 50 countries by the end of 2025, as announced by Jesse Pollak, creator of the Ethereum layer-2 network Base. Currently in internal alpha testing, this feature seeks to compete with established payment solutions like Cash App and PayPal by providing a faster, more global payment experience for merchants. Pollak emphasized the economic benefits of linking bank accounts to the Coinbase Wallet, allowing for seamless transactions in stablecoins like USD Coin and Tether. He anticipates a quick transformation once merchants adopt cheaper payment methods. Furthermore, Pollak indicated that Base aims to enhance Ethereum’s layer 2 interoperability within six months through new specifications that will unify fragmented layer 2 networks. This will allow for token transfers across various networks, unlocking broader functionality within the ecosystem.

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