Coinbase Commerce is a merchant payment solution launched by US-based cryptocurrency exchange, Coinbase, that helps online businesses accept cryptocurrency payments including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), USD Coin (USDC), and Dai (DAI), leveraging blockchain technology to facilitate digital asset payments for its customers. For businesses who want to make cryptocurrency payments a part of their operations, Coinbase Commerce is an easy way to start along the path.
As Coinbase operates as a well-known exchange and digital currency solutions provider, it uses its existing service infrastructure to support Coinbase Commerce. Therefore, anyone opening a merchant account with Coinbase Commerce is supported by the same level of security and accessibility associated with Coinbase’s cryptocurrency exchange.
Coinbase Commerce enables its customers to open merchant accounts, integrate their account information on their own platform, and streamline their cryptocurrency checkout process. It also allows for users to receive these payments directly into the merchant’s own account and ensures that withdrawals are made just as easily. Online merchants, services providers, and businesses can accept cryptocurrency payments in a seamless approach rather than opening individual cryptocurrency accounts and listing their personal account information manually on their websites or apps.