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Source: Adobe

Brian Armstrong, the CEO of Coinbase crypto exchange, has explained that the wallet modifications, launched last week, focus on payments.

On December 5, Coinbase announced enhanced features on its wallet app in a move to facilitate seamless money transfers. The update aims to simplify the process of payments by eliminating complexities in traditional banking, it noted.

In line with the announcement, Armstrong posted in a Tweet on Tuesday, giving an example that the “simple mode” lets users send USD Coin (USDC) on Base “free, instantly, globally.”