On Monday, November 21st, Coinbase Commerce announced a strategic partnership with WooCommerce. It will enable its merchants to accept payments in BTC, DOGE, and other cryptocurrencies.
As per the announcement, Coinbase Commerce will work as a payment processing partner for WooCommerce. The latter powers 25% of the top million online stores and allows millions of businesses to sell and manage orders online.
The assets currently available to WooCommerce merchants include Bitcoin, Ethereum, Dogecoin, Bitcoin Cash, DAI, Litecoin, and USD Coin.
According to the announcement, the recent partnership with WooCommerce is part of Coinbase’s long-term goal to introduce up to 100 million individuals to the cryptocurrency industry.
Matt Watts of Coinbase Business Development said that the company is “always looking for new ways to get more people involved in the cryptoeconomy.” The partnership will allow customers to make crypto a part of their daily lives.
As one of the most leveraged e-commerce plugins for small and medium-scale merchants, WooCommerce will likely bring crypto to millions of merchants worldwide.
The dip in Coinbase stocks is covered below:
Coinbase, MicroStrategy Bonds Drop To Record Lows on FTX Bankruptcy
Further effects of the bear market on Coinbase is covered below:
Coinbase (COIN) Announces Fresh Job Cuts Amid Deepening Bear Market
See original on DailyCoin
Source: Cryptocurrency - investing.com
