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