Coinbase continues to innovate within the digital asset market, with the company’s latest offering hoping to push mainstream crypto adoption to a whole new level by allowing millions of web-stores to accept online crypto payments seamlessly.
The company’s latest initiative is called Coinbase Commerce and it is designed to help facilitate hassle-free payments for established online suppliers such as:
WooCommerce
Shopify
PrestaShop
Magento
OpenCart
This effectively means that a total of 2,696,000 online merchants will now be able to make use of BTC, ETH, LTC, BCH as a legitimate means of payment for their goods.
In relation to this latest move, a spokesperson for Coinbase mentioned:
“Our mission at Coinbase is to create an open financial system, so we’ve designed this solution to serve merchants worldwide. Unlike previous merchant products we’ve offered, Coinbase Commerce is not a hosted service, so merchants have full control of their own digital currency.”
Why Choose Coinbase?
While there might be other crypto providers looking to deliver similar services to e-commerce platforms on the internet, what sets Coinbase apart is its long list of incentivized features that are designed specifically to deliver a wide array of benefits such as:
Ease of Use: Coinbase’s latest offering helps companies set up their business operations quite easily through the use of detailed guides that clearly elucidate the method in which to set up hosted checkout pages, payment buttons, and multiple e-commerce integrations.
Monetary Control: one of the biggest advantages of Coinbase Commerce is that it does not hold onto a merchant’s crypto assets, rather it passes on the earnings directly to them in a highly transparent fashion.
Security: the platform is bolstered with security protocols that ensure third-party actors cannot gain access to a merchant’s account.
Free of Charge: Coinbase Commerce is free for companies to use. All one needs to do is sign-up via the instructions provided on the official company website
Final Take
In addition to all of the aforementioned features, Coinbase Commerce also allows participants to process voluminous transactions with no daily trade or conversion limits.
With all of this information in mind, one can only expect good things to come out of this latest venture.
Disclaimer
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
