Shopify has announced plans to integrate USDC payments through Coinbase's Base network, facilitating a simpler process for entrepreneurs to receive funds in cryptocurrency.
Integration of USDC Payments
The Shopify platform is preparing to launch the capability of receiving payments in the stablecoin USDC through Coinbase's Ethereum Layer 2 network. This feature, currently in early access, will allow merchants to accept USDC directly from compatible wallets without the need for third-party gateways.
Base Network as a Foundation for Transactions
Base, the network developed by Coinbase, has proven to be an efficient solution for digital payments, offering fast and low-cost transactions. Shopify chose this network for its ability to facilitate seamless payments 24/7 across borders. The platform currently offers local currency cashback incentives, further encouraging the use of USDC.
Shopify's Long-term Strategy in the Crypto World
Shopify has long embraced innovations in digital assets, allowing merchants to accept Bitcoin since 2013. The integration of USDC and Base affirms the company's commitment to decentralized financial solutions. Shopify aims to provide its users with tools that meet the demands of the modern market, positioning itself as a leader in the industry.
The integration of USDC and the implementation of Base technology highlight Shopify's commitment to expanding cryptocurrency payment options and providing more flexible financial solutions for business owners.
