Coinbase Strengthens On-Chain Payment Solutions with Utopia Labs Acquisition
Coinbase has acquired the Utopia Labs team to boost its on-chain payments capabilities within Coinbase Wallet and Base.
This strategic move aims to enhance global, low-cost, and fast payment solutions, leveraging Utopia Labs’ expertise in building on-chain payment products. Jesse Pollak, leading both Coinbase Wallet and Base, emphasized the synergy between the platforms, which will help onboard users while supporting developers creating on-chain applications.
With stablecoin transactions skyrocketing to $8.5 trillion in Q2 2024, improving user experience is crucial to meet growing demand for stablecoin payments.
Clever Robot News Desk 16th November 2024
