fbpx
Money

Coinbase Brings Crypto Payment Option To Millions Of Online Merchants

Coinbase Commerce, a cryptocurrency payment provider, has announced a series of initiatives to support crypto commerce, including a WooCommerce plugin to give millions of merchants the option to accept cryptocurrencies, the ability to send bitcoin and litecoin directly, and other new capabilities.

Coinbase believes the improved access will support adoption of cryptocurrency and a more open financial system.

The WooCommerce plugin, a WordPress e-commerce platform, currently supports more than 28% of all online stores, all of which now have the ability to accept cryptocurrency from customers worldwide, Coinbase noted on its blog.

Users can install the WooCommerce payment gateway from GitHub, from which they can download a zip file of the repository.

Plugin Easy To Install

Coinbase earlier this year announced its plan to allow merchants to accept multiple cryptocurrencies within a user-controlled wallet. While the platform was designed to be a significant upgrade for merchants, it requires them to migrate to a new system, according to Reddit, which noted that some businesses — especially those with low cryptocurrency payment volumes  — could decide it is not worth the effort.

In March, Reddit, which began accepting bitcoin payments for its Reddit Gold subscriptions in 2013, announced it was no longer accepting bitcoin payments for its premium membership program after a user found she could not use bitcoin to gift another user a subscription. Reddit noted it was going to evaluate the demand and the progress of Coinbase Commerce.

Coinbase Offers Additional Functionalities

Coinbase, meanwhile, also recently began providing the functionality to allow users to send bitcoin and litecoin directly. The company also plans to introduce the functionality for bitcoin cash and ethereum.

Coinbase also announced that a “React” payment button can be installed on a website to enable cryptocurrency payments, whether the merchant wants to accept donations for an open source project or sell tickets to an event. The React payment button allows users to embed a Coinbase Commerce checkout within the React application.

Coinbase further announced a Coinbase Commerce API for Python library. The company will also provide client libraries for Ruby, PHP and Node.js.

All payments sent through Coinbase Commerce allow customers to send money directly from their crypto wallet to a merchant-controlled cryptocurrency address. Merchants do not incur transaction fees to accept payments and maintain full control of their funds.

This story originally appeared in CCN. Image courtesy of Shutterstock.

Join The Discussion

At Least 70 Killed In Major Bangladesh Fire
At Least 70 Killed In Major Bangladesh Fire [Video]
Trump Ends Shutdown, Signs Bill To Reopen Government
Trump Ends Shutdown, Signs Bill To Reopen Government [Video]
Melbourne Expecting 44C As Victoria Faces Hottest Day Since Black Saturday
Melbourne Expecting 44C As Victoria Faces Hottest Day Since Black Saturday
Maduro Rival Guaido Claims Venezuela Presidency
Maduro Rival Guaido Claims Venezuela Presidency [Video]
Cryptocurrency Market Volumes Reach Nine-Month High
Cryptocurrency Market Volumes Reach Nine-Month High
United Kingdom Does Not See Utility Token As Securities
United Kingdom Does Not See Utility Token As Securities
How To Put Crypto In Everyone’s Pocket In 2019
How To Put Crypto In Everyone’s Pocket In 2019
How To Buy Bitcoin Anonymously
How To Buy Bitcoin Anonymously
The Future Of Online Shopping
The Future Of Online Shopping
10 Marketing Trends To Watch In 2019
10 Marketing Trends To Watch In 2019
40+ Video Marketing Statistics For 2019
40+ Video Marketing Statistics For 2019 [Infographic]
Emerging Email Marketing Trends To Survive 2019 And Beyond
Emerging Email Marketing Trends To Survive 2019 And Beyond [Infographic]
YouTube Introduces One-Time Warning, New Strike Penalties
YouTube Introduces One-Time Warning, New Strike Penalties [Video]
The Latest Social Media Automation Rules In 2019
The Latest Social Media Automation Rules In 2019
4 Tips To Help You With The Constant Changes In Social Media
4 Tips To Help You With The Constant Changes In Social Media
Instagram's Testing Side-Scrolling Feed View, Similar To Stories
Instagram’s Testing Side-Scrolling Feed View, Similar To Stories
What Is Your Therapist Listening For
What Is Your Therapist Listening For?
Wish You Were Smarter
Wish You Were Smarter? These 4 Brain Hacks Can Help You Get There
Weightlifting Less Than An Hour Per Week Could Increase Your Longevity
Weightlifting Less Than An Hour Per Week Could Increase Your Longevity
Your Environment May Affect Your Eyes More Than You Realize
Your Environment May Affect Your Eyes More Than You Realize
At Least 70 Killed In Major Bangladesh Fire
At Least 70 Killed In Major Bangladesh Fire [Video]
YouTube Introduces One-Time Warning, New Strike Penalties
YouTube Introduces One-Time Warning, New Strike Penalties [Video]
Trump Ends Shutdown, Signs Bill To Reopen Government
Trump Ends Shutdown, Signs Bill To Reopen Government [Video]
Samsung Galaxy S10 Bitcoin Wallet Leaked By Insider
Samsung Galaxy S10 Bitcoin Wallet Leaked By Insider [Video]