Shopify has launched USDC payment support using Base blockchain to minimize costs. This will enable millions of merchants to use cryptocurrency in their stores.
Shopify and Coinbase Integration
Shopify now supports USDC payments in its Checkout ecosystem. The integration will be available through Shopify Payments and Shop Pay, allowing merchants to accept cryptocurrency without the need to operate with it directly. The integration has been initiated in response to the demand for fast and secure payment methods in the e-commerce sector.
Support from Coinbase
Coinbase provides liquidity and technical support for the integration. By utilizing its infrastructure, Coinbase ensures quick and reliable conversion between USDC and fiat currencies, which enhances transaction reliability. The smart contracts developed also play a crucial role in ensuring security during payment processing.
Rise of Stablecoins in E-Commerce
The adoption of USDC as one of the first stablecoins in Shopify’s payment systems signifies growing confidence in their usage within e-commerce. The partnership with Shopify highlights the relevance and potential of stablecoins in financial transactions.
The integration of USDC into Shopify’s system marks an important step in the adoption of cryptocurrency for everyday payments and supports the evolving trust in stablecoins in the e-commerce world.
