RATE Group | Millions of webstores can now accept cryptocurrency through Coinbase
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Millions of webstores can now accept cryptocurrency through Coinbase

04 Aug Millions of webstores can now accept cryptocurrency through Coinbase

Posted at 03:33h in Cryptocurrency News by

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Coinbase announcements are dropping faster than exchange hacks these days. It’s just released a brand-new plugin that makes accepting cryptocurrency way easier for millions of websites.

The new plugin, spotted by DailyHodl, enables WooCommerce webstores to accept major cryptocurrencies directly into a user-controlled Coinbase wallet. WooCommerce webstores are powered by WordPress, who claim that 28 percent of the internet’s online stores are using it for their businesses – but it’s likely to be closer to 40 percent.

 The plugin is a part of what Coinbase is calling an “open financial system” – a peer-to-peer payment network for cryptocurrencies. Users are only interacting with each other – buyers send funds directly from their personal wallet to the seller, leaving no room for additional fees.

“When customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and…

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