El Salvador launches app for digital dollar transactions on Coinbase's Base network

Base: Base is an Ethereum layer-2 scaling solution developed and operated by Coinbase. It supports low-cost, high-speed transactions suitable for payments and remittances. The network has been selected to power the new El Salvador government app handling digital dollar transfers. Coinbase: Coinbase is a major cryptocurrency exchange that operates the Base layer-2 blockchain network. The company’s technology is being adopted for the Salvadoran government app focused on digital dollar transactions and remittances. This marks a partnership extending Coinbase infrastructure into public-sector financial services in Latin America. El Salvador: El Salvador is a Central American nation that has pursued cryptocurrency integration in its financial system. The government is developing a state-backed application to enable citizens to send, receive, and hold digital dollars for everyday use including remittances. This initiative leverages Coinbase’s Base network as the underlying infrastructure. Remittance Focus: The planned app targets cross-border money transfers, a key use case for Salvadorans living abroad. Stablecoin Shift: El Salvador is expanding digital dollar options after earlier bitcoin-focused payment efforts saw limited adoption among businesses and consumers. Blockchain Infrastructure: Coinbase’s Base network provides the technical foundation for secure and efficient handling of digital dollar holdings and transfers in the app.