As stated on Twitter Wednesday, the integration puts DOGE alongside bitcoin cash, ether, litecoin, bitcoin, and USDC is one of only a few of Coinbase Commerce’s supported cryptos.
It will continue fuel to the resurgent meme coins request for crypto payments. Coinbase Commerce enables online merchants to acquire cryptocurrencies.
This year, billionaire Mark Cuban started taking DogecoinDogecoin for Dallas Mavericks merch. Elon Musk is also allowing DogecoinDogecoin as launch payment on an expected SpaceX mission.
Furthermore, Coinbase Commerce, the e-commerce branch of the United States-based crypto exchange, has added assistance for Dogecoin (DOGE) payments.
As stated in a Twitter announcement, DogecoinDogecoin grew the seventh cryptocurrency for merchants to take Coinbase’s e-commerce portal payments. The platform currently supports Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Bitcoin (BTC), along with stablecoins Dai and USD Coin (USDC).
An alliance with Coinbase.com allows Coinbase Commerce customers to change their crypto payments into U.S. euros, British pounds, dollars, or USDC without moving from the e-commerce portal. As stated in a blog post begun October 2020, the same combination for Coinbase Prime and Pro accounts will be ready soon.
Artwork Sold Using Crypto
Coinbase Commerce lately took the stage as Sotheby’s payment partner throughout the auction allowing Banksy’s iconic protest artwork “Love Is In The Air.”
There was a 14-minute bidding battle at the auction house. This was the first time cryptocurrency was received as a payment choice for a piece of physical artwork. Bidders could bid using Bitcoin or Ether throughout the partnership with Coinbase Commerce. Sotheby auctioned Banksy’s art for $12.9 million. However, the auction house didn’t mention whether the final payment was in crypto.
In March 2020, almost two years following its commencement, Coinbase Commerce exceeded $200 million in total transactions processed. It had approximately 8,000 retailers accepting Coinbase for payment services.
Product lead John Zettler then stated that Bitcoin was the favoured payment method among the possible cryptocurrencies on the platform. Moreover, merchant customers regularly tell them it’s the crypto they’re most familiar with and the one they trust.