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Coinbase Introduces Base App Blending Social Posts, Payments, and Trading

Key Takeaways

  • ​Coinbase rebranded its Coinbase Wallet as the Base app, which merges social and financial tools in one platform;
  • The beta app offers posts, chat, payments, trading, and mini-apps on the Base network;
  • Base lets users earn from posts, pay with USDC, and use one login across multiple apps.

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Coinbase Introduces Base App Blending Social Posts, Payments, and Trading

Coinbase $3.24B has introduced the Base app, a reworked version of Coinbase Wallet designed to combine social and financial features.

The app is designed to enable users to chat, trade, pay, and interact with other apps on the Base blockchain network.

The company shared a video during its "A New Day One" event in Los Angeles to show how people can easily post, send money, and trade without switching apps.

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Coinbase said in a blog post:

Coinbase Wallet is now the Base app, evolving from a wallet into an everything app that brings together social, apps, chat, payments, and trading.

John Granata, who leads the product team, stated on X that the goal was to create more freedom and new ways for people to be creative and innovative.

Currently in beta with a waitlist, the app focuses on four main features. It offers an open social feed powered by Farcaster, where creators keep ownership of their posts and can earn money without needing big followings or sponsorships.

A discovery section lets users explore and use mini-apps, including games, yield tools, and prediction markets, directly in the app. It also includes private, encrypted chat with optional AI helpers that assist with trades and other tasks.

Finally, it features a built-in wallet that allows users to trade and make payments within the social feed. Payments use Circle’s USDC USDC $0.9996 through a feature called "Base Pay".

There is also a sign-in option called "Sign in with Base", which allows people to use the same login details across different apps without creating new accounts each time.

Recently, the cryptocurrency exchange Kraken launched a new app called Krak. What is it? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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