RATE Group | Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce
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Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce

14 Feb Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce

Posted at 00:23h in Cryptocurrency News by

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Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week. 

This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees.

Merchants can add a “pay with crypto” button to their checkout process, or choose to accept DAI only. Shop owners can also currently earn a DAI savings rate of 7.5%.

This could open doors to over 800,000 stores and 3 million web shops on Shopify and WooCommerce, as well as anyone else seeking a way to accept decentralized stablecoins as payment. It also introduces merchants to a growing segment of the cryptocurrency market, letting them bridge the gap between DeFi app developers and their own businesses. 

DeFi (decentralized finance) is a popular movement sparked by cryptocurrency and blockchain technologies, bringing conventional financial…

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