Coinbase, the U.S.-based cryptocurrency exchange, has rebranded its Coinbase Wallet to the Base app, unveiled at the 'A New Day One' event in Los Angeles on July 10, 2025. This new platform aims to merge crypto trading, payments, and social features into a single application. The Base app is currently in beta and offers a range of functionalities, including a crypto wallet for trading and payments, encrypted messaging, and mini-apps. John Granata, Head of Product, emphasized the app's goal to enhance economic freedom and creativity. The social aspect of Base is powered by Farcaster, allowing users to monetize their content without follower minimums. Users can trade cryptocurrencies directly within the app, which also features NFC-based payments using Circle’s USDC stablecoin. The Base app is positioned to compete with super apps like Meta and WeChat, with plans for future updates to include AI support and a 'Sign in with Base' feature for digital identities across Web3 platforms. Read more AI-generated news on: https://app.chaingpt.org/news

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