The leading e-commerce arm of the U.S.-based crypto exchange, Coinbase Commerce, has added support for Dogecoin [DOGE] payments.
In line with an official Twitter announcement, Dogecoin became the 7th cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal. The platform presently supports Bitcoin [BTC], Bitcoin Cash [BCH], Ethereum [ETH], Litecoin [LTC], alongside stablecoins Dai and USD Coin [USDC].
An integration with Coinbase.com permits Coinbase Commerce users to convert their crypto payments into USD, Euros, British pounds, or USDC without leaving the e-commerce portal. Consistent with a blog post dated October 2020, a similar integration for Coinbase Prime and Pro accounts will be available soon. Coinbase Commerce recently took the stage as Sotheby’s payment partner within the auction offering Banksy’s iconic protest artwork “Love Is within the Air.”
At the 14-minute bidding battle, which was marked by the firm as the primary time cryptocurrency was accepted as a payment option for a bit of physical artwork, bidders could pay using Bitcoin or Ethereum via its collaboration with Coinbase Commerce. Sotheby sold Banksy’s art for $12.9 Mln, but the firm didn’t discuss whether the final payment was made with crypto.
Earlier in March last year, nearly two years after its inception, Coinbase Commerce surpassed $200 Mln in total transactions processed, with over 8k retailers using Coinbase for payment services.
Product lead John Zettler then explained that Bitcoin was far away from the well-liked payment method among the available cryptocurrencies on the platform, adding, “Merchant users often tell us it’s the crypto they’re most familiar with and therefore the one they trust the foremost.”