Coinbase’s “Merchant Solution” product allows merchants to accept cryptocurrency.
Coinbase, has a product called Coinbase Commerce, which makes it easy for merchants to accept cryptocurrencies with the aim of attracting new merchants to its platform. The solution will allow merchants using the service to accept cryptocurrency directly as payment into a user-controlled wallet. It supports multiple cryptocurrencies, while merchants will have the option to accept payments in Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Coinbase, says it designed this solution to serve merchants worldwide. Eventually the platform will support multiple cryptocurrencies. This new merchant specific solution helps Coinbase into a service area currently dominated by Bitpay, who was first to market with its cryptocurrency payment acceptance services.
Unlike most of the merchant products, Coinbase Commerce is not a hosted service, so merchants will have full control of their digital currency. Coinbase is providing this service to both big and small businesses, Coinbase made the process very simple Commerce very simple, so any merchant can sign with just an email address and a valid phone number.
Coinbase already is partnering with e-commerce giant Shopify, a Canadian e-commerce platform s to integrate the new system on their platform. A Canadian multi-e-commerce platform company.
You can learn more on the Coinbase website.
