Friday, February 16th 2018
Coinbase Commerce is a New Cryptocurrency Payment Program for Vendors
Coinbase, one of the world's largest - and more transparent, in legal terms - cryptocurrency exchanges, has announced the start of a new cryptocurrency payment program. Coinbase Commerce is a new service that enables merchants to accept multiple cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum and Litecoin) directly into a user-controlled wallet as payment for services rendered or products acquired. Coinbase Commerce can be directly integrated into a merchant's checkout flow or added as a payment option on an e-commerce platform with just an email address and a phone.
This is another step to cryptocurrency world domination, and one of the most important steps towards widespread adoption of these as actual stores of value. The difficulty of translating cryptocurrency into real world value and products - which has seen better days, but has since seen key players withdraw from accepting these as payments - is one of the remaining walls towards widespread, mainstream adoption, and could provide a window for crypto in general to abandon its actual relevance as mere speculative investment. Some platforms already exist - TenX and BitPay come to mind, for instance. however, Coinbase as an exchange has some of the more solid footings in the cryptocurrency industry - and financial markets as well - so this is definitely a high-impact move that could help cement a future based in cryptocurrency trades.
Source:
Coinbase
This is another step to cryptocurrency world domination, and one of the most important steps towards widespread adoption of these as actual stores of value. The difficulty of translating cryptocurrency into real world value and products - which has seen better days, but has since seen key players withdraw from accepting these as payments - is one of the remaining walls towards widespread, mainstream adoption, and could provide a window for crypto in general to abandon its actual relevance as mere speculative investment. Some platforms already exist - TenX and BitPay come to mind, for instance. however, Coinbase as an exchange has some of the more solid footings in the cryptocurrency industry - and financial markets as well - so this is definitely a high-impact move that could help cement a future based in cryptocurrency trades.
14 Comments on Coinbase Commerce is a New Cryptocurrency Payment Program for Vendors
just browse the sub reddit and you will find more of these problems
I know how legit they are because I a.) have studied their funding model which is economically second to none and b.) use them daily.It appears to only happen to VISA users.
Plus, most card-to-card transfers within the same bank (normally free), got charged a transfer fee that month. With all the stuff that normally cost me $0 I lost over $30 just in these stupid transaction fees and had to wait 30 days for my $800+ to clear. I called my bank and they said it's not their fault, it's VISA. Later I found out that lots of people had this kind of problems and my bank went as far as replacing all newly registered/expired debit cards with Mastercard just to avoid future issues. And saddest of all, Steam started to accept UAH payments at the end of last year, but about the same time as my transactions went haywire, VISA decided to do "double-conversion" on steam purchases (UAH -> USD -> UAH with a shitton of exchange fees). Fortunately for me my bank blocks these types of transactions by default, otherwise I would've paid a lot more with exchange fees and exchange rate differences. Both Steam and my bank pointed fingers to VISA.
P.S. I also have a coinbase account and so far had no issues.
I'd like to know how this Commerce system works. Is the exchange facilitated by a cryptocurrency like Tether? If yes, avoid like the plague.
I guess they should use blockchain tech.
Lehman Brothers had $600 billion in assets when it collapsed (value of all cryptocurrencies combined).
There is also this:
www.crunchbase.com/organization/coinbase/funding_rounds/funding_rounds_list
Keep advertising the bubble. Really shows where your interests lie.