Coinbase Unveils Stablecoin Checkout on Shopify, Advancing Crypto Payments in E-Commerce

In a groundbreaking move aimed at fostering the widespread adoption of crypto payments in e-commerce, Coinbase has launched its innovative Stablecoin Checkout solution for Shopify. This pioneering effort is poised to revolutionize the way online transactions are handled worldwide.

Through this collaboration, millions of merchants now have instant access to 24/7 USDC stablecoin transactions without needing to deal with blockchain complexities. The integration will allow businesses to accept USDC globally at lower costs and without infrastructure challenges.

According to Coinbase’s claims, its Payments suite, comprising Stablecoin Checkout, Ecommerce Engine, and Commerce Payments Protocol, offers fast, secure, and low-cost USDC payments. Built on Base, the Ethereum Layer 2 network, this technology enables sub-second, gasless transactions.

In a clear attempt to simplify crypto for merchants, Coinbase has abstracted blockchain complexities, allowing developers to add crypto functionality using simple APIs. This means that commerce platforms and payment service providers can adopt crypto payments without creating in-house blockchain teams.

The company emphasized that the new system requires no knowledge of cryptocurrencies from merchants, ensuring seamless transactions. It has also stated that over half of Fortune 500 companies are now building on-chain, with a third of small businesses already accepting crypto in some form.

Source: blockonomi.com