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Coinbase's E-Commerce App, Total Payments Over $ 50 Million A Year from Launch

HOME> News> Coinbase’s E-Commerce App, Total Payments Over $ 50 Million A Year from Launch


kaz 【CRYPTO TIMES Official Writer】

kaz Coin Desk News

A university student who graduated from high school in Switzerland and attends an American university. We entered the cryptocurrency last June and started investing in the fun and attractiveness.

It was found that the total payment value in Coinbase Commerce, the payment application provided by the major cryptocurrency exchange Coinbase , topped $ 50 million (about 5.5 billion yen) in about one year and three months from launch .

Launched in February last year, Coinbase Commerce is a service that enables crypto currency payment with more than 2,000 member stores, and is gaining popularity from merchants as a way to easily introduce cryptocurrency payment.

While other cryptocurrency payment services such as BitPay and Flexa convert paid cryptocurrency to legal currency and send it to a merchant , Coinbase Commerce takes an approach of sending money directly to a cryptocurrency wallet .

Leading the product team, Justin O’Brien, commented:

“Coinbase Commerce has been growing steadily, especially in the first quarter of this year.”

Coin-based CEO “60% of the trading volume of Coinbase Pro is an institutional investor”

Article Source: The Block

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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/coinbase-commerce-50m-transactions/

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