TechFlow news — On November 13, according to official announcements, Coinbase has acquired the team from Utopia Labs to accelerate its development of on-chain payments. Jesse Pollak, head of Coinbase Wallet and Base, announced that the Utopia Labs team will join Base to support the on-chain payment roadmap for Coinbase Wallet. Utopia Labs brings extensive experience in building on-chain payment products. This acquisition aims to advance low-cost, fast, and globally accessible payment solutions.
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