Coinbase Commerce Opens up DAI to Shopify Users

2020-2-14 16:52

Coinbase Commerce, the merchant-focused arm of the cryptocurrency exchange, has announced support for MakerDAO’s stablecoin, DAI. The integration opens up e-commerce giants Shopify and WooCommerce to DeFi and cryptocurrency payments.

DAI integration Opens DeFi to Millions of Users

Coinbase’s merchant payment solution company, Coinbase Commerce, has expanded its supported payment methods to include MakerDAO’s stablecoin Dai (DAI). 

According to the company’s announcement, merchants around the world using solutions from Coinbase Commerce will now be able to accept Dai as a payment for goods and services. 

Coinbase Commerce currently supports a limited number of cryptocurrencies, including Bitcoin, Ether, Litecoin, and Bitcoin Cash. Before integrating Dai, the only other stablecoin supported by the platform was its native token, USD Coin (USDC).

The addition of Dai marks an important move both for MakerDAO and Coinbase, as it opens up the stablecoin to millions of users across the world. 

Coinbase Commerce enables integration with some of the largest e-commerce platforms in the world, including Shopify, WooCommerce, Magento, and PrestaShop.

Making Crypto Easy for Merchants 

Apart from bringing new use for Dai, one of the most widely used stablecoins in DeFi, Coinbase Commerce has also made it easier for merchants to dive into the world of cryptocurrencies.

“It introduces merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dApp entrepreneurs and their own ‘real world’ businesses,” MakerDAO said in a blog post.

Merchants that opt to use Coinbase Commerce solutions do not have to pay any fees when accepting cryptocurrency transactions. 

MakerDAO explained that merchants on any of the supported platforms only need to add the “pay with crypto” button to their checkout process or choose to accept only Dai. 

As there is no intermediary between the customer using Dai and the store, merchants can also leverage some of the coin’s many features, including the Dai Savings Rate (DSR) contract. 

The post Coinbase Commerce Opens up DAI to Shopify Users appeared first on Crypto Briefing.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Multi collateral Dai (DAI) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $1.0002
Капитализация $0 Rank 99999
Цена в час новости $ 1.0139 (-100%)

coinbase cryptocurrency commerce shopify opens dai stablecoin

coinbase cryptocurrency → Результатов: 126


Coinbase Sees Artificial Intelligence As A Transformative Force In The Crypto Sector

Coinbase recognizes the transformative power of artificial intelligence (AI) within the cryptocurrency sector. As one of the world’s leading cryptocurrency exchanges, Coinbase acknowledges the significant impact that AI can have on revolutionizing the way cryptocurrencies are utilized, understood, and regulated.

2023-6-5 09:43


Coinbase Commits $500 Million of Cash and 10% of Quarterly Income to Invest in Bitcoin, Ether, DeFi & other Cryptocurrencies

Cryptocurrency exchange Coinbase has announced its plan to put Bitcoin and cryptocurrency on its balance sheet. Finally, after Square, Tesla, and other companies, Coinbase is also ready to commit to the future where crypto assets will be the standard of economic transactions, meaning buying, selling, spending, and earnings will all be based on crypto.

2021-8-20 17:57


Coinbase Rewarding Users to Learn Cryptocurrency Right Move for Industry

Coinbase, Cryptocurrency, 0x (ZRX)–Yesterday EWN reported on the development of popular U.S. based exchange Coinbase offering users a reward program to learn about cryptocurrency. In exchange for watching a series of educational videos or completing various tasks, which the company has marketed as an attempt to provide understanding and exposure for altcoins beyond the more […] The post Coinbase Rewarding Users to Learn Cryptocurrency Right Move for Industry appeared first on Ethereum World News.

2018-12-23 01:30


Фото:

Coinbase Introduces Circle’s Center Stablecoin on Exchange, Critics Cry Foul

Cryptocurrency giants Coinbase and Circle recently announced on October 23, 2018, the addition of the Center (USDC) stablecoin on the former’s exchange. According to the Coinbase blog, it is the first time the cryptocurrency exchange has supported a stablecoin which it believes is fundamentally different from any existing stablecoins in the market.

2018-10-24 18:00


Фото:

Coinbase Forms Political Action Committee, Seeks Greater Cryptocurrency Lobbying Presence in Washington

Coinbase, the popular US-baed cryptocurrency exchange platform, has formed a political action committee (PAC) ahead of the United States midterm elections in November 2018.   Coinbase Forms PAC Politico correspondent Colin Wilhelm tweeted the news yesterday that the largest US-based cryptocurrency exchange platform had formed a PAC.

2018-7-22 23:00


Coinbase CEO: ‘I’ve Come To Enjoy’ Bitcoin Price Lows

Coinbase CEO Brian Armstrong says he “enjoys” Bitcoin price downturns as it “distracts” those not “making progress. ” Armstrong: Downmoon ‘Allows For Progress’ In a series of tweets aimed at the employees of the United States’ largest cryptocurrency exchange and wallet provider, Armstrong compared three cycles of Bitcoin prices from 2013, 2014, and 2017, respectively — noting the market leader’s “up and down cycles.

2018-6-20 19:00


Coinbase Cryptocurrency Wage Fund Currently Open For Expenditure

Finance Coinbase has opened up its index fund for accredited US investors, giving them exposure to all cryptocurrencies listed on its exchange GDAX. Japan Confirms Entrance Into the Crypto Space Coinbase Index Fund Launched Coinbase, one of the largest cryptocurrency companies, announced on Tuesday, June 12, that Coinbase Index Fund is now open for investment.

2018-6-13 22:10