Coinbase launches “Coinbase Commerce” — a service that allows you to accept cryptocurrency payments

Coinbase launches “Coinbase Commerce” — a service that allows you to accept cryptocurrency payments

Recently popular cryptocurrency exchange Coinbase announced the launch of Coinbase Commerce tool, which allows trading companies to take “different cryptocurrency directly to your wallet.” Many platforms have an opportunity to add to your website the method of payment in the cryptocurrency.

According to the representatives of the exchange, for the convenience of users the process of using Coinbase Commerce simplified:

Unlike other similar services from Coinbase, where for the payment of the required account on the exchange, in the new system Coinbase Commerce to register and start accepting payments in Bitcoin, Bitcoin, Cash, Litecoin, and Ethereum, it is sufficient to specify the e-mail address and phone number.

We are already integrated with Shopify , one of the largest platforms, multichannel Commerce, and is actively adding more sites in order to simplify the adoption of cryptocurrencies.

The interface and features Coinbase Commerce is very similar to the payment option from PayPal, and using the tool is as simple — just a pair clicks away.

In a network while no information about the tool and check on the website Coinbase Commerce is still closed to users. But some sites already have this feature. It works just like most payment systems: choose a product and a convenient payment method, for example, Coinbase Commerce:

Next, you are 4 crypto-currencies:

Having determined the cryptocurrency, you get to the standard payment page, very similar to the cryptocurrency wallet:

It is important to note that Coinbase Commerce is hosting, that is, sellers will have “sole control over its digital currency.”

In 2017 Coinbase earned $ 1 billion, so this move will only contribute to further strengthening of the position on cryptocurrency and traditional markets.

This news comes after the recent announcement of the payment service Stripe that on April 23 they will no longer accept bitcoin payments. Meanwhile, giants such as Expedia, Microsoft, and Overstock accept the cryptocurrency.

It seems that BitPay has a serious competitor in the form of Coinbase, which initially provides 4 of the top cryptocurrencies.

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