New Coinbase Plugin Allows Web Stores to Accept Crypto Payments

Coinbase has recently announced the launch of its new WooCommerce Plugin. Merchants using the popular e-commerce platform WooCommerce will now be able to easily accept cryptocurrencies as a form of payment for commercial transactions. WooCommerce is estimated to currently be powering 28 percent of all online stores. Now all of these stores will have to ability to seamlessly process cryptocurrency payments from around the world.

“This increased access will lead to more widespread adoption, and ultimately, moves us closer to our goal of an open financial system,” reads a blog post revealing the announcement on Coinbase’s website.

One of the key features of Coinbase Commerce is the added benefits for merchants and customers of pure peer-to-peer transactions:

“When customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and processed on-chain by the respective blockchain. This means merchants never have to pay transaction fees to accept payments and always remain in complete control over their funds.”

Currently Coinbase Commerce is compatible with Bitcoin and Litecoin. The team behind the project are reportedly working hard to incorporate Ethereum and Bitcoin Cash functionality.

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