Miner.farm Crypto Currency Community Forum

Browse and post your favorite coin/crypto news, miner.farm and PiMP OS updates and announcements, mining guides, overclocking tips, and more...

Note: To change your forum username: login, click your avatar icon (top right?), Edit Profile. Change the "full name" field to your preferred username.

Quick Links

Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

  • Staff

    Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

    While its trading clients might have preferred Coinbase to focus on improving its core service, the exchange is busy now expanding into another market. Coinbase Commerce has launched to help online stores handle payments in four leading cryptocurrencies.

    Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether

    Coinbase Commerce

    San Francisco-based cryptocurrency exchange Coinbase has developed a new service that aims to simplify for merchants the adoption of multiple cryptocurrencies as payments for goods and services. Coinbase Commerce facilitates the acceptance of cryptocurrencies by monitoring, validating and confirming client transactions on each blockchain. And the company says that payments made from its customers are performed on-chain.

    After a quiet soft launch test period, Coinbase Commerce was made available on Wednesday February 14 for all merchants globally. Online retailers everywhere can now use the service to accept bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC) payments. It enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Unlike previous merchant tools that the company developed, this one is not a hosted service, meaning that retailers have actual control of their own digital currency.

    Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

    Shopify Integration

    The developers of Coinbase Commerce say that it can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform. With just an email address and a phone, merchants can sign up and begin accepting crypto payments. The service has already been integrated with Canada-headquartered Shopify (NYSE: SHOP), one of the largest multi-channel commerce platforms, boasting more than 500,000 merchants with a total gross merchandise volume exceeding $45 billion. They add that they are actively adding more integrations with such platforms to make accepting cryptocurrency as easy as possible for merchants.

    While the service can be most easily explained to retailers from outside the cryptocurrency ecosystem as a Paypal checkout for bitcoin, it’s more of an actual competitor to the largest bitcoin payment processor in the world today – Bitpay. The digital asset service provider based in Atlanta, Georgia has been the dominant player in the sector for a while now but Coinbase, whose revenues exceeded $1 billion last year, might be the best placed firm to challenge it.

    Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

    Is competition between Coinbase and Bitpay going to lead to better services? Tell us what you think in the comments section below.

    Images courtesy of Shutterstock and Coinbase.

    Do you like to research and read about Bitcoin technology? Check out Bitcoin.com’s Wiki page for an in-depth look at Bitcoin’s innovative technology and interesting history.

    The post Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC appeared first on Bitcoin News.



Want 10% more hash from your rigs?

We promise to keep your email safe and never spam you.

© 2014-2021 Miner.farm | By Miners, For Miners | Portable Instant Mining Platform, LLC