In today’s rapidly evolving digital landscape, Coinbase is at the forefront of revolutionizing the way we interact with financial services. With the belief that “onchain is the new online,” Coinbase is pioneering a new era of online payments, one that is faster, cheaper, and more global than ever before.
At the heart of this transformation lies Coinbase Commerce, a seamlessly integrated payment solution that empowers merchants and customers to embrace the power of cryptocurrencies. Built on top of Coinbase’s open-source Onchain Payment Protocol, Commerce offers a robust infrastructure for instant settlement, low transaction fees, and broad asset support, transforming the payment experience for all.
For merchants, Commerce simplifies the complexities of crypto payments, enabling them to accept payments from customers around the globe with ease. A single setup and effortless integration process eliminate the hassle of managing multiple platforms and wallets. Additionally, merchants can enjoy volatility-free conversions, ensuring stability in their finances, and benefit from low transaction fees and instant settlement, maximizing their profitability.
Customers, too, reap the benefits of Commerce’s user-centric design. With support for hundreds of currencies and multiple wallets, customers can pay with their preferred methods, across Base, Ethereum, and Polygon networks. Pre-configured payment options eliminate the need for manual data entry, streamlining the checkout process. Additionally, real-time transaction validation provides immediate assurance, ensuring that payments are processed accurately and securely.
Coinbase’s Universal Standard for Onchain Payments
The foundation of Commerce’s success lies in its open-source nature. By making the Onchain Payment Protocol freely accessible, the exchange is fostering a collaborative ecosystem where other payment processors and businesses can build upon its capabilities, promoting accessible and user-friendly gateways to onchain payments. This initiative aligns with Coinbase’s vision of democratizing access to financial services, empowering individuals and businesses worldwide.
With the launch of its updated Commerce product and the open-source Onchain Payment Protocol, Coinbase is paving the way for a future where onchain payments become the norm. By addressing the challenges of crypto volatility and simplifying the payment experience, Coinbase is making it easier than ever for merchants and customers to embrace the transformative power of cryptocurrencies. As the world embraces the decentralized nature of Web3, Coinbase Commerce stands at the forefront, shaping the future of online payments and driving the global adoption of crypto.