Coinbase Brings Crypto Payments to El Salvador via Modveon Partnership

Coinbase is expanding its reach into El Salvador through a new partnership with Modveon. The Palo Alto-based firm has integrated Coinbase's payments infrastructure into its new remittance and identity app, Sivar. This allows eligible US senders to transfer funds directly to verified recipients in El Salvador.

The integration aims to increase adoption of crypto payments and on-ramp liquidity for users in the region. As a result, transfers will be made using Coinbase's platform, marking an important step towards mainstreaming cryptocurrency use cases.