Global e-commerce giant Shopifi is rolling out early access to stabelcoin payments in the USDC in the USDC in collaboration with the US Exchange Coinbase.
Shopify’s plan is to fully plan to roll out at the end of this year through Shopify Payment and Shop Salary on the Ethereum Layer-2 (L2) Network Base of the USDC (USDC) payment, company Announced On Thursday.
“We think that StableCoins are a natural way to transact on the Internet and have worked with a coinbase to work with a coinbase, which strengthens this work,” Said In an X post on Thursday.
The new StableCoin payment facility by Shopify will allow the company to offer buyers incentives such as 1% cash in future local currency payments, the CEO said.
Shopify taps base for payment
Coinbase’s base blockchain is the fourth largest network for USDC, with a total supply of 6% Stabelin of 6% Stabelin for the total supply of $ 61 billion. According For data from USDC transparency and Coingko,
Manufactured by coinbase, the base is an “ultra-fast and inexpensive network that has emerged as a great way to move money,” Shopify said. Company too mentioned This base provides “faster, cheap and safe transactions” by providing a global payment rail.
Since Shopify did not mention whether the company expects to consider the original support of the more USDC chain or simply some additional crypto property and stabechoin, many online comments were eager about the choice of Aadhaar.
Connected: Large techniques consider adopting stabechoin as the Genius Act debate continues
“What is the matter of narrowing your top of the funnel? You should support all series that support the strip via USDC,” a user wrote On X.
Indirect bitcoin support since 2013
This is not the first attempt in Shopify’s new USDC partnership Crypto with Coinbase.
Shopify indirectly supporting bitcoin (BTC) payment through gateway integration since at least 2013, when the company officially Announced All its 75,000 traders were free to accept bitcoins.
Shopify Help Center, according to Shopify Allows The traders integrated a wide variety of crypto assets supported to integrate at least nine additional payment methods, which through integration with the third-side gateway such as bitpe, solan pay and more.
“Due to prolonged disposal time, cryptocurrency transactions can cause overlling in flash sales. Use a direct payment method like Shopify Payment for Best Flash sales performance,” Help Center Messages notes.
The latest partnership between Shopify and Coinbase is not the first cooperation between the two companies using digital currency.
In 2019 and 2020, Coinbase and Shopif Meta (formerly of Facebook) stabeloin project Dayam, which was initially known as Libra. After years of pushbacks from global regulators, the project was officially discontinued in early 2022.
magazine: Coinbase and Base: Is Crypto just being traditional finance 2.0?
