Coinbase's payment push goes country-scale as El Salvador pivots into stablecoins

Crypto Insight Summary: The new remittance and identity app, Sivar, built by Modveon for El Salvador, runs on Coinbase’s payments infrastructure, according to a Tuesday announcement by the US-based exchange. The app built by the firm based in Palo Alto will allow eligible senders to transfer funds from the U.S. to verified recipients in El Salvador for a... Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Coinbase's expansion into El Salvador's remittance market enhances its global footprint and revenue potential.