Coinbase head of tokenization Anthony Bassili described plans for its Base network at TokenizeThis 2024 in Miami.
Coinbase is preparing for a future of a billion customers using decentralized applications on millions of blockchains safely and securely in a system integrating the Ethereum Virtual Machine (EVM) and Circle’s USD Coin (USDC).
Coinbase head of tokenization Anthony Bassili, speaking at TokenizeThis 2024 in Miami, said Coinbase’s Ethereum layer-2 Base blockchain will save time on Know Your Customer (KYC) and Anti-Money Laundering (AML) with identity attestation through the Ethereum Attestation service and Coinbase verification, which creates a tag on the user’s so-called smart wallet.
Coinbase verification is available after the customer has completed its KYC procedure. While that may not be sufficient in all cases, Bassili said: