Coinbase Business

I would estimate as a business that it costs me an additional 2% to accept stablecoins over simple wire / ACH. For customers with stablecoin balances it's almost always easier to *send* stables: - instant test txn - instant settlement - "flight tracking" via block explorer - close to 0 fees But as a receiver, there's a much higher operating burden. Here's the workflow for accepting wires: - send invoice to customer via Quickbooks, including wire instructions in PDF - confirm wire instructions over phone (best practice, but in reality I don't do it) - customer wires; wait 1-3 days - funds hit Mercury account and are spendable immediately - Quickbooks invoice automatically confirmed paid, AR report updated And here's the stablecoin workflow: - send invoice to customer via Quickbooks - send receiving address instructions - confirm network and request test transaction - confirm test transaction, request full send - receive $USDC transaction to Coinbase - remit funds to Mercury; wait 1-3 days ("instant" withdrawal costs $100-200) - manually close Quickbooks invoice as paid - manually update AR report - manually tag transaction with customer name (otherwise all transactions are simply from Coinbase) - and all of this has to be done immediately, otherwise it gets mixed into one big Coinbase balance and it becomes impossible to untangle EOY So: - stablecoins practically take the same amount of time (1-3 days) - they require 4-5 extra manual touchpoints - they don't automatically reconcile, so someone with less context on the business would have to follow a paper trail vs. simply looking at Quickbooks I'd guess this overhead is +2% friction over traditional rails, mostly in operating labor and owner mental overhead. The way this has to improve is via a stablecoin-native neobank (of which there are many starting right now). That neobank has to be at feature parity at Mercury in order for me to switch--a tall order given Mercury is (in my opinion) a best-in-class financial front-end. I'm beyond pleased with my experience with Mercury and the product geniuses there seem to anticipate every need I have while proactively designing the interface to intercept and eliminate friction. I'm rooting for a provider built on stablecoin payment rails that can actually take advantage of the speed and transparency of stablecoins while also meeting all the boring reconciliation and accounting needs of a business.

Excited to partner with Coinbase to allow users to purchase browser sessions on the x402 protocol. Using USDC, you can now pay-per individual serverless browser session; no API Key or login needed. Read more about our partnership our post below.

Moving money across borders sucks. It’s hard, it’s slow, sometimes it’s impossible. Well, it was. Not anymore.

Good morning. We’re going to announce a lot of cool stuff today. If you have notifications on, sorry in advance. See you on the livestream.

See you tomorrow.

New products. New era of Coinbase. December 17, 2PM PT, live on 𝕏.

Your business moves fast - now your money can too. Introducing Global Payouts and Payment Links on Coinbase Business. → Instant USDC transfers → Low fees, no chargebacks → Global reach The future of business payments starts here.