, This week, there has been a flood of adoption news, from Wall Street to Australia, and most recently, San Francisco. Coinbase, the biggest cryptocurrency bank of the United States, declared it is extending its commerce section to add Woo Commerce through a plugin that one can download from GitHub. It can be merely what more online retailers require to get contented with cryptocurrency.
Woo Commerce is over a quarter of entire online merchants. It is simply among the most accepted payment platforms around. Coinbase, this week, declared it is introducing a Woo Commerce plugin as a component of its proprietary Coinbase Commerce service that one can download from GitHub.
However, Coinbase Commerce is a payment solution itself concentrating on receiving more online retailers to utilize cryptocurrency.
Coinbase emphasized Woo Commerce businesses will “get admittance to cryptocurrency payments from consumers across the globe. This mounted access will result in more extensive adoption, and eventually, shifts us nearer to our aim of an open financial system.”
Now, bitcoin cash and Ethereum are still on the platform, however, users who have Litecoin and bitcoin core can transfer theirs from Coinbase Commerce. The group is functioning on developing analogous functionality for Ethereum and bitcoin cash.
Now, Businesses that utilize the payment button “React” have the alternative of entrenching Coinbase functionality too. The crypto bank, based in San Francisco, is also integrating programming languages like Python and to even taking into consideration Ruby. The notion appears to be keeping traders content by not soliciting them for acceptance payment charges.
These are merely a few steps taken by Coinbase this year as a unit. Now, they are caught up with institutional financial products and are introducing a crypto index fund, achieving licenses like Bitlicense, have bought Paradax exchange, as well as are planning a move into Japan.
Coinbase, one of the largest cryptocurrency exchanges in the world, is looking to onboard millions of online merchants to its Coinbase Commerce platform.
However, Coinbase Commerce is a payment gateway that allows businesses to accept cryptocurrency payments.
Coinbase believes that there is a large opportunity to onboard online merchants to cryptocurrency payments. The company estimates that the global online retail market is worth over $4 trillion and that only a small percentage of merchants currently accept cryptocurrency payments.
Coinbase is offering a number of incentives to businesses that sign up for Coinbase Commerce, including:
- No transaction fees for the first $1 million in sales
- A 1% transaction fee for all subsequent sales
- With a dedicated account manager, businesses get started.
- Access to Coinbase’s marketing and educational resources
Coinbase is also working to make it easier for businesses to accept cryptocurrency payments. The company recently launched a new integration with WooCommerce, a popular e-commerce platform. This integration makes it easy for WooCommerce merchants to accept cryptocurrency payments through Coinbase Commerce.
Coinbase is confident that it can onboard millions of online merchants to cryptocurrency payments. The company has a strong track record of onboarding new users, and it has a large network of partners that can help businesses get started with cryptocurrency payments.
If you are an online merchant, you may want to consider signing up for Coinbase Commerce. Coinbase Commerce is a secure and easy way to accept cryptocurrency payments. The company offers a number of features and benefits that can help you grow your business.
Here are some of the benefits of using Coinbase Commerce for online merchants:
- Secure: Coinbase Commerce is a PCI DSS Level 1 compliant payment gateway, which means that it meets the highest security standards in the industry.
- Easy to use: Coinbase Commerce is easy to set up and use. You can in minutes, and there are no complex integrations.
- Global reach: Coinbase Commerce supports payments in over 100 countries. This means that you can reach a global audience with your business.
- Low fees: Coinbase Commerce charges a low transaction fee of 1%. This is much lower than the fees charged by traditional payment processors.
- Customer support: Coinbase Commerce offers 24/7 customer support. This means that you can get help if you have any problems with your account.
If you are looking for a secure, easy-to-use, and affordable way to accept cryptocurrency payments for your online business, then Coinbase Commerce is a great option.
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