... and the binary format makes KeePass merges impossible. Even if it's just you, if you have multiple computers you need to make sure you have the latest copy before adding something.
That's what's nice about pass, it plays nice with git, rsync, and just about everything else. Last write wins per credential. If you tack on history with git (or ZFS snapshots!) you have a central copy that you can share among a team.
Someone should make a slick UI atop a pass directory with a browser plugin.