Coinbase, a major US cryptocurrency exchange, is creating a new platform called Coinbase Business. This platform aims to make managing cryptocurrency easier for startups and small businesses.
Solving Business Pain Points with Crypto
Coinbase argues that traditional finance makes things tough for small businesses. High credit card fees, slow payment processing, and complicated accounting are common problems. They believe cryptocurrency and stablecoins offer a solution by enabling faster, cheaper, and more global transactions.
What Coinbase Business Offers
Coinbase Business will provide several key features:
- Easy Payments: Businesses can quickly receive and send payments using digital assets.
- Crypto Management: The platform will allow businesses to trade and manage their cryptocurrency holdings.
- Passive Income: Users can earn interest on stablecoins.
- Streamlined Accounting: Integration with third-party accounting software will simplify bookkeeping.
- Onboarding: Easy ways to add new users to the platform.
Coinbase emphasizes the security and compliance built into Coinbase Business, promising a modern financial system designed for the speed and efficiency of cryptocurrency.
Early Access Available
Businesses can apply for early access to the alpha version of Coinbase Business now.