Saturday, October 16, 2021

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Coinbase Commerce, the e-commerce arm of the United States-based crypto trade, has added assist for Dogecoin (DOGE) funds.

In accordance with a Twitter announcement, Dogecoin grew to become the seventh cryptocurrency for retailers to just accept funds on Coinbase’s e-commerce portal. The platform presently helps Bitcoin (BTC), Bitcoin Money (BCH), Ether (ETH), Litecoin (LTC), together with stablecoins Dai and USD Coin (USDC).

An integration with Coinbase.com allows Coinbase Commerce prospects to transform their crypto funds into U.S. {dollars}, euros, British kilos or USDC with out leaving the e-commerce portal. In accordance with a weblog submit dated October 2020, the identical integration for Coinbase Prime and Professional accounts can be accessible quickly.

Coinbase Commerce not too long ago took the stage as Sotheby’s cost accomplice through the public sale providing Banksy’s iconic protest paintings “Love Is In The Air.”

On the 14-minute bidding battle, which was marked by the auction house as the primary time cryptocurrency was accepted as a cost possibility for a chunk of bodily paintings, bidders might pay utilizing Bitcoin or Ether by means of the partnership with Coinbase Commerce. Sotheby offered Banksy’s artwork for $12.9 million, however the public sale home didn’t touch upon whether or not the ultimate cost was made with crypto.

Associated: Coinbase sued over Dogecoin sweepstake ad campaign

In March 2020, practically two years after its inception, Coinbase Commerce surpassed $200 million in complete transactions processed, with 8,000 retailers utilizing Coinbase for cost companies.

Product lead John Zettler then mentioned that Bitcoin was by far the popular cost methodology among the many accessible cryptocurrencies on the platform, including, “Service provider prospects typically inform us it’s the crypto they’re most aware of and the one they belief probably the most.”