In line with an official ‘web-blog post‘ published, the leading U.S. based cryptocurrency exchange Coinbase has revealed that its crypto payment processor Coinbase ‘Commerce’ now supports Circle’s stablecoin USDC [USD Coin].
According to the announcement, Coinbase Commerce users would now be able to accept USDC payments with no transactional fees involved. The announcement specifies that “unlike accepting credit-card payments, users can accept USDC without any geographical limitations or the requirement for a standard bank account.”
Furthermore, Coinbase adds that accepting stablecoins permits merchants to obtain profit from ‘cryptocurrency‘ transactions whereas avoiding the volatility characteristic of unpegged digital assets.
An another recent ‘report‘ by the European Central Bank added that crypto-currencies don’t have vital implications on financial policy or the broader economy, partially as solely a very small share of merchants settle for crypto payments for products and services.
Coinbase Commerce was launched earlier in 2018. The service permits merchants to accept several cryptocurrencies and could be integrated into the checkout flow and be added as a payment feature on major e-commerce platforms.