Coinbase Commerce, the e-commerce arm of the US cryptocurrency exchange, added support for Dogecoin (DOGE) payments.
According to a display from Twitter, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portalThe platform currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) as well as Dai and USD Coin (USDC) stablecoins.
Integration with Coinbase.com enables Coinbase Commerce customers to convert their crypto payments into US Dollars, Euros, British Pounds or USDC without leaving the e-commerce portal. According to a blog post from October 2020 The same integration for Coinbase Prime and Pro accounts will be available soon.
Coinbase Commerce recently took the stage as Sotheby’s payment partner during the auction that featured Banksy’s iconic protest artwork “Love Is In The Air”.
In the 14-minute bidding battle, which was marked by the auction house as the first crypto currency as a payment option for a physical work of art, Bidders could pay with Bitcoin or Ether through the partnership with Coinbase CommerceSotheby’s sold the Banksy art for $ 12.9 million, but the auction house didn’t comment on whether the final payment will be in crypto.
In March 2020, almost two years after its founding, Coinbase Commerce has exceeded a total of $ 200 million in transactions processed, with 8,000 retailers using Coinbase for payment services.
The product leader, John Zettler, said that Bitcoin was by far the preferred payment method among the cryptocurrencies available on the platform, adding: “Business customers often tell us which crypto they are most familiar with and which they trust the most”.