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Y Combinator, Base and Coinbase Ventures Launch ‘Fintech 3.0’ as Finance Goes On-Chain
['Ian-Allison']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Y Combinator, the Silicon Valley startup incubator behind Airbnb, Coinbase and Stripe, is collaborating with Base and Coinbase Ventures to create the next wave of so-called “Fintech 3.0” companies, according to a blog post on Tuesday.
A prime example of this is Base, the Ethereum overlay blockchain attached to Coinbase which recently partnered with Shopify to offer global USDC payments.
“Our mission at Base is to build a global economy that increases innovation, creativity, and freedom.
To do this, we need more founders to build on-chain businesses so that anyone, anywhere can participate in the global economy,” the blog post said.
The initiative comes as U.S. lawmakers move to clarify rules for crypto.
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'stablecoins'
'finance'
'global'
'companies'
'launch'
'rules'
'goes'
'crypto'
'ventures'
'post'
'fintech'
'onchain'
'base']