Coinbase steps into consumer market with stablecoin-powered ‘everything app’ that goes beyond trading

Coin On Wednesday, a “everything application” was introduced to bring more people to the crypto economy.

The “Basic Application”, which replaces the Coinbase wallet, will support for social media, messaging and mini applications as well as wallet, trade and payment functions – all of the company’s home owner working at the Blockchain network base, Flesh.

Super applications such as WeChat and Alipay-It has been seen as the holy bowl of FinTech by industry for a long time that divides different services and functionality into a single mobile application. They are at the center of daily life in China, but they have not successfully reproduced in the West. Meta Platforms And X tried to recognize the vision that integrates payments, messaging and social content, as well as other things.

Intention for Coinbase is to expand its access to a new consumer subtitle that is not interested in buying or trade the company’s main business. Excessive dependence on this income flow has been a point of adhesion for the company, and some analysts see the basic block chain as a way to carry the benefit of crypto beyond speculative trade.

So far, the enthusiasm around the basic network has been limited to builders and developers who want to use technology. Perhaps in the highest profile example, Jpmorgan Last month, he said he started the so -called deposit in the base block chain.

The Basic is usually launched because of the ability to solve a payment in less than one second less than one second, which expects fans to help the network to grow in a way that does not have other crypto -based payment efforts.

Now Coinbase hopes to have the opportunity to solve payments beyond trade and payments on the basic network. With the introduction of everything application, the company emphasizes opportunities for a new economic model, especially for content creators – it will be able to provide more directly and various money -making options and identities and data for their content.

The new application will be presented with two basic functions: an Express Payment System for an Identity System called Base Account and Payments Apartment-TERLİŞİŞ USDC Stablecoin is called Base Pay.

As part of the effort to bring more users in the chain, Coinbase will finance the creative prizes in the application and waive the USDC processing fees. It is not expected to earn a significant income immediately.

The new consumer application, crypto industry, and especially Coinbase, Trump administration’s crypto policies and more clearly defined crypto arrangements expected from the Congress, embrace a explosion in product launches and presentations this week. Coinbase started last month with his first credit card American Express And Do shopping Coinbase and Strepe offered USDC -supported payments.

Coinbase CEO, Brian Armstrong, said USDC was a “stretch target” to make the number 1 stablecoin in the world. Tether USDTAnd Coinbase aims to make “the world’s number one financial services application” in the next five to 10 years.