On November 14th,
Coinbase Wallet is about to launch a "Tap to Pay" encryption solution, joining the ranks of Cash App, Venmo, PayPal, and other fast payment companies.
Jesse Pollak, head of
Coinbase Wallet and founder of Base, revealed in an interview that the feature is "currently in an internal alpha stage," with a full release "coming soon."
"Tap to Pay is going to be a huge development, especially for long-tail merchants who may be using the Cash App, Venmo or PayPal right now," he said at the DevCon conference in Bangkok on November 13.
In addition, Pollak hopes to integrate 50 national markets into Coinbase Wallet by the end of 2025. Pollak notes that part of the integration will involve connecting users' bank accounts to Coinbase Wallet.