RATE Group | Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments
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Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments

14 Feb Coinbase Commerce Integrates Dai Cryptocurrency for Merchant Payments

Posted at 17:39h in Cryptocurrency News by

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Coinbase’s merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi).

MakerDAO announced Thursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce.

The integration will introduce “merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dapp entrepreneurs and their own “real world” businesses,” according to the blog post.

Coinbase Commerce is a free-to-use service for online retailers, allowing them to integrate cryptocurrency into their businesses. Starting out with bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC), the platform has only added support for USDC – the stablecoin created by Circle and Coinbase as part of the CENTRE consortium – since its February 2018 launch.

CoinDesk has approached Coinbase for…

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