Coinbase plans to launch a “crypto operating account” for startups and small businesses later this year. The Coinbase Business platform will let these users send and receive payments, manage crypto assets and automate financial workflows. The company invited businesses to sign up on a waitlist for early access to the Coinbase Business alpha. Crypto and stablecoins offer “fast, global and low-cost money movement” that solves problems commonly faced by startups and small businesses, such as paying global talent; dealing with credit card fees, interest rates and chargebacks; and facing long settlement cycles. It’s why one in five small- and medium-sized businesses familiar with stablecoins already use them to streamline their operations. Coinbase Business will allow users to accept customer payments in crypto; pay vendors, employees and partners; trade and manage crypto; and earn rewards on their USDC stablecoins. The platform will also provide streamlined accounting reconciliation into platforms like QuickBooks and Xero.