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Coinbase Commerce Now Supports Dogecoin Payments

Coinbase Commerce Now Supports Dogecoin Payments

Coinbase now accepts commerce payments in dogecoin. With the addition of the meme crypto, Coinbase Commerce now allows customers to check out and pay with seven cryptocurrencies.

Coinbase Commerce Now Supports Dogecoin

  • Coinbase Commerce is a platform by the Nasdaq-listed Coinbase that “enables merchants anywhere in the world to accept cryptocurrency payments in a fully decentralized way,” its website describes.
  • The company announced via Twitter Wednesday:

We’re now accepting commerce payments in dogecoin (DOGE).

  • According to its website, seven cryptocurrencies are now supported. Customers can “check out and pay with bitcoin, bitcoin cash, dai, ethereum, litecoin, dogecoin, or USD Coin.”
  • The website further explains: “All payments facilitated by Coinbase Commerce are fully decentralized and peer-to-peer. This means that the cryptocurrency goes directly from your wallet to a wallet that is only accessible by the merchant. At no point in this flow does anyone except the merchant, including Coinbase, have access to these funds.”
  • In June, the Nasdaq-listed company added dogecoin and its rival meme coin Shiba Inu (SHIB) to Coinbase Pro.
  • Meanwhile, Coinbase has been expanding globally. The company recently got approval to operate in Germany and Japan. It is also building a crypto hub in India, hiring hundreds of people. In addition, Coinbase is planning to launch an Apple-like crypto app store.

What do you think about Coinbase Commerce adding dogecoin as the 7th supported cryptocurrency? Let us know in the comments section below.



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