Sunday, February 18, 2018

Coinbase expanding into the payment processing game with a 'Paypal like' system for Bitcoin and Litecoin

With Visa just having signed a partnership with Litecoin to provide payment processing features for the cryptocurrency, it appears the U.S.'s largest cryptocurrency exchange now wants to get into the act.

Coinbase, which functions as the largest crypto exchange in America, has announced it is launching a 'Paypal like' system which will facilitate the use of cryptocurrencies like Bitcoin and Litecoin for use in retail commerce.

The largest U.S.-based cryptocurrency exchange, Coinbase, is releasing a PayPal-like service of its own. 
On Wednesday, Coinbase wrote about its new platform that will make it easier for merchants to accept payments with Bitcoin, Bitcoin Cash, Ethereum, and Litecoin through Coinbase Commerce. 
Using the platform on an e-commerce website adds a PayPal-like button to the checkout screen. 
“Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform,” the blog post continued.
Shopify, which allows users to launch their own online stores, is already giving its users the option to accept payments via Coinbase Commerce. - Fortune


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