Coinbase Launched a Pay Service For Cryptocurrencies

Coinbase Launched a Pay Service For Cryptocurrencies

Cryptocurrency platform and the Coinbase exchange launched a new service that will allow sellers to integrate virtual currency payments into the site quickly. To buttons of a choice of a method of payment online (Credit Card and PayPal), one more will be added - Coinbase Commerce .

Coinbase gave little official information about the new service, announcing only the opening of a new site. While on its main page there is a warning that registration of new subscribers is not performed and you can just add yourself to the waiting list.

After choosing the payment method Coinbase Commerce and one of the four cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, and Litecoin), the user enters a page that looks like a regular crypto-coin.


Since the plug-in is integrated with MetaMask (cryptocurrency purse in Google Chrome), making payments through it in Ethereum will be even more comfortable than with credit cards or PayPal. Through confirmation of MetaMask, this will happen almost instantly.

Coinbase Commerce easily integrates and provides an opportunity to pay four cryptocurrencies. The company can compose a strong competition to the BitPay platform in the cryptocurrency service for online traders.

Now BitPay client base of merchants is about 100 thousand, and Coinbase - about 50 thousand. However, BitPay currently supports only Bitcoin and Bitcoin Cash, promising to integrate other cryptocurrencies on its platform this year.

Recall, earlier Coinbase reported that in 2017 earned more than $1 billion.

Information Source: Trustnodes

Influence of Recent Cryptocurrency Boom: Does It Still Hurt?
Crypto Exchange Gate.io Agrees With Reports Showing 51% Attack On Ethereum Classic Bitcoin is a decentralized digital currency (also known as...
Cryptocurrency Exchange Security Levels
The growing interest in cryptocurrencies has led to the emergence of a wide selection of both digital money and the sites where you can exchange one...
Belarusbank Considers Setting Up Crypto Exchange
Last year March Belarus introduced a decree by which it legalized cryptos and some activities related to them. This made Belarus a frontrunner in the...
Nasdaq CEO Believes Cryptos Have Place in Future in Economy
Almost two months ago Nasdaq’s representative Joseph Christinat confirmed the rumours that in 2019 the American stock exchange might launch BTC...
Report: Leaders of South Korean Crypto Exchange Komid Face Jail After Fraud
This week the Asian crypto-market has been rich in the news. Earlier it was reported that Japan finally approved Coincheck’s official status as cyber...
Crypto-Expert Brian Kelly Says 2019 Will Bring No Approval to BTC ETF
For the past year, various ETF-projects have been failing to receive the green light from American regulators. And despite the bullish ambitions of...
Ethereum Classic 51% Attacker Reportedly Returned $100,000 to Exchange
Cyber money exchange Gate.io has informed the general public about the return of previously stolen $100,000 worth Ethereum Classic units. According...
Approved Coincheck & Scrutiny on DLT: Japan and China Move in Different Directions
Asian countries seem to go in different directions when it comes to the regulation of cryptos and blockchain. Two Asian tigers — Japan and China...
Tokenized Shares of Apple, Tesla and Netflix to be on Crypto-Exchange
A new trading platform will soon be launched by an Estonian regulated exchange DX.Exchange. The company will mock the mechanisms that the American...
Samsung Wants to Get UK Cyber-Money Wallet Trademark
Samsung seems to be leaping on a virtual money bandwagon as it has applied for the crypto-wallet trademark in the UK. The act follows the rumours...