PANews reported on November 14 that according to Cointelegraph, Coinbase Wallet is about to launch a "Tap to Pay" encryption solution to join the competition with Cash App, Venmo, PayPal and other fast payment companies. Jesse Pollak, head of Coinbase Wallet and founder of Base, revealed in an interview that this feature is "currently in the internal alpha stage" and the full release is "coming soon." In addition, Pollak hopes to integrate 50 countries and regions into Coinbase Wallet by the end of 2025. Pollak pointed out that part of the integration will involve connecting user bank accounts to Coinbase wallets.
Meanwhile, Pollak said Base is looking to solve the Ethereum Layer 2 interoperability problem in the "next six months." Despite the existence of multiple cross-chain solutions between the Ethereum mainnet and Ethereum Layer 2, Base and other Ethereum Layer 2s remain fragmented. Pollak said the problem is being "quickly solved" through two important specifications - namely ERC-7683 (which introduces an interoperability standard for cross-chain transfers) and RIP-7755 (which enables trustless execution between chains).
