Coinbase the Buggest broker/Exchange launched a new platform for Merchants called Coinbase Commerce. A button similar to PayPal at check-out...
Not like it used to be, where customers needed a Coinbase account to pay. Now just use any wallet to pay with up to 4 different Cryptocurrencies... No need to login with coinbase to purchase. . .
Ethereum, bitcoin or bcash and even Litecoin. Ethereum being first isnt a surprise coming from coinbase... They have been known to favor the currency.
At checkout out you can pay either by copy paste or scanning a qr address. This is almost as bad as having to dig out your wallet but not as bad as entering all the card info... Similar to purse.io...
But, with metamask browser wallet plug-in, which has over 1M downloads, a Decentralized Ethereum client... Its as easy as one-click purchasing. Just simply click confirm on the metamask pop-up and thats it. ETH only here...
To top up funds you can send eth from another wallet to your metamask wallet, or you can use shapeshift to convert other Cryptocurrencies like bitcoin into Ethereum or you can even add funds via coinbase directly from within metamask.
The cash out process is still unknown but probably very similar if not identical to the selling of Crypto on their platform, a 1% fee up to the first $1M.
Bitpay is still the largest pos system for business accepting Crypto but even with 100,000 users they are slacking on the bcash integration and coinbase with only 50k users Currently accepts bitcoin and bcash as well as Ethereum and litecoin to top it off...
This is how walmart will accept Crypto. Odds are they wont hodl the coin but convert it into fiat soon as possible...
This could have both a positive and negative effect on Cryptocurrencies... Its the start of acceptance, but without holding the coins and using them for b2b transactions, the swing in price could be very volatile to say the least...