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.
The stablecoin was the result of a partnership between Circle and Coinbase in October of 2018.
The fiat-backed USD Coin allows merchants to get the benefits of crypto without the drawbacks.
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.
As crypto as a mechanism of payment improves it is expected that adoption will follow.
Worldwide crypto acceptance is within reach thanks to Coinbase Commerce's USDC stablecoin integration
gepubliceerd op May 21, 2019
by Cryptoslate | gepubliceerd op Coinage
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