Private USDC Transactions is the most important thing Base can build to onboard a billion users.
Private transactions are a prerequisite for most people to adopt crypto.
No one wants to download an app that makes their taxes more complicated and reveals who they send money to.
As countries around the world come online to seeing crypto as an income tax cash cow, new reporting requirements will scare early majority away. Most will cringe at prospect of more paperwork.
Public transactions are the real reason why it doesn’t make sense for most folks to start swapping tokens instead of cash.
And Base could solve it at scale.
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