Coinbase and Thunes announced a payments agreement on Oct. 19 under which Coinbase will integrate Thunes’ network for cross-border payouts. The integration is planned, not described as complete. Thunes would deliver funds to recipients’ bank accounts or mobile wallets, including in regions with limited banking infrastructure.
Coinbase will provide stablecoin infrastructure for Thunes. The companies intend to use the combined services for overseas supplier payments, gig worker earnings and remittances. Thunes says its network spans more than 140 countries and 90 currencies.
