Worldwide crypto acceptance is within reach thanks to Coinbase Commerce’s USDC stablecoin integration

Worldwide crypto acceptance is within reach thanks to Coinbase Commerce’s USDC stablecoin integration
фото показано с : cryptoslate.com

2019-5-21 03:39

Crypto as a method of payment has just gotten easier. Coinbase Commerce has expanded to include USD Coin as a settlement option, allowing merchants to accept crypto without transaction fees, chargebacks, or price volatility.

Coinbase Commerce, an app launched last year to facilitate merchant payments, now accepts Coinbase’s native USD Coin (USDC). The stablecoin was the result of a partnership between Circle and Coinbase in October of 2018.

The update represents a stride for crypto as a medium-of-exchange. Bitcoin, as the pioneer cryptocurrency, has relatively high fees and long transaction confirmation times. Meanwhile, the fiat-backed USD Coin allows merchants to get the benefits of crypto without the drawbacks.

Related: Binance and Coinbase see major spike in traffic as Bitcoin jumped in 2019

Additionally, payments conducted in USD Coin have zero transactions fees and do not expose merchants to costly chargebacks. Unlike credit cards, merchants can accept USDC without a traditional bank account anywhere in the world.

Vendors have full custody over these funds and can accept payments directly to a wallet they control.

Stablecoin Integration

USDC is directly integrated into Coinbase and Coinbase Pro, allowing users to instantly convert between fiat and USD Coin. Coinbase Commerce is also integrated with other popular e-commerce platforms, such as Spotify and WooCommerce, making implementation within reach of hundreds of thousands of online merchants.

The move is another milestone for crypto as a method of payment. Previously, the cost or lack of interest caused merchants such as Steam and Twitch to reverse their decisions on accepting crypto.

However, the technology around payments improved drastically and projects such as Ethereum, Litecoin, Bitcoin Cash, and XRP are able to transmit payments via blockchain with much lower fees. As crypto as a mechanism of payment improves it is expected that adoption will follow.

The post Worldwide crypto acceptance is within reach thanks to Coinbase Commerce’s USDC stablecoin integration appeared first on CryptoSlate.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0079221 (-100%)

coinbase crypto commerce stablecoin usdc usd worldwide

coinbase crypto → Результатов: 126


Coinbase запустит новый кастодиальный бизнес в Европе

Криптовалютная компания Coinbase запустит новое кастодиальное подразделение в Ирландии для обслуживания европейских клиентов. Today we’re announcing the launch of Coinbase Custody International. Based in Dublin, Ireland, the new entity will offer the same industry-leading crypto asset storage that has made Coinbase Custody the world’s leading and most trusted crypto custodian.

2020-1-30 11:50


Фото:

Coinbase Hit With Negligence Suit Over The Launch Of Bitcoin Cash

US District Judge Vince Chhabria ruled that crypto exchange Coinbase will face charges of negligence, fraud, and unfair competition for its handling of the launch of Bitcoin Cash. Coinbase allegedly canceled US dollar orders of BCH hours before the crypto was added to its platform, causing the price to rise and claims that the exchange was involved in insider trading.

2019-8-8 23:45