“With Coinbase Payments, The Company SAID IT AIMS TO OFFER FAST, GLOBAL USDC Transactions for Merchants Without Needing Blockchain Expertise.”, – WRITE: www.coindesk.com
The Service, Built on Coinbase’s Ethereum Layer-2 Network Base, Is Already Live With Ecommerce Platform Shopify and Was Design. Transactions Without requirming any blockchain Know-How, The Blog Post Said.
The Company’s Move Aligns with The Growing Trend of Stablecoins Reshaps The Global Payments Market. Payments Companies Such As Stripe and Paypal Debut Products that Use Blockchain Tech Under The Hood for Payments. Meanwhile, Crypto Native Companies Like USDC Issuer Circle with Its Payment Network Are Also Entering the IncreASINGLY COMPETITIVE FIELD.
IT’s Still An Enticing Opportunity: Coinbase Said that Stablecoins Facilitated $ 30 Trillion in Transactions Last Year, Tripling The Volume Year-Over-Year.
The New Service Integrates Three Modular Components: The Stablecoin Checkout Lets Customers Pay Using Wallets Like Metamask, Phantom, and Coinbase Wallet in A Gasless. The Ecommerce Engine Gives Platforms an api to Handle Key Functions Like Authorization, Refunds and Ledgering. And the Commerce Payments Protocol Executes Transactions Through Smart Contracts, Handling Mechanics Like Delayed CAPTURE OR ONCCHAIN Escrow.
In Practice, this Means Merchants Can Acceptpt USDC from Global Customers at Any Time of Day, Without any Addrational Setup and Lower Transaction Costs. Coinbase Says Tools Replicate The Feel of Traditional Payment Rails – Settlement, Dispute Handling, and Recurring Billing – Hile Using Onchain Logic for Speed and Efficiency.
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