Maybe yes, but I would say if this is true then Coinbase is getting very much strong these days, even Valk going with the Coinbase, business preferring to accept crypto payments through Coinbase.

Also the bald CEO string with SEC, Gensler...hot place

Am I missing anything or where is the source for this?

The payment method is set to go live early next year, as part of the company's strategic Web3 partnership with coinbase.