On May 21, Coinbase Commerce announced that any business using the company’s services can now start accepting USD Coin, a stable coin, in exchange for goods and services.
Coinbase Commerce is a service that allows merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. The company’s mission is to create an open financial system to serve sellers around the world.
Interesting in the section: Coinbase Cryptobusiness Exchange: an overview of the exchange platform
According to Justin O’Brien, the author of the post, USDC offers many advantages over the traditional system of using credit cards.
"Unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account. Merchants can accept payment in USDC from customers around the globe in minutes with zero transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details fees." – Coinbase Twitter.
Currently, Coinbase Commerce has plugins that allow the system to work with almost all major e-commerce platforms.
Coinbase Commerce starts accepting USD Coin (USDC). This is a truly exciting development for both Coinbase and its users. Will more coins be accepted and more enterprises registered? Follow the events at cryptobit.media.
Editor: Yuliya Soroka