Dogecoin achieves a relatively significant event in terms of its recent successes and failures. He became the seventh cryptocurrency to be accepted at Coinbase Commerce. The platform of one of the world’s largest cryptocurrency exchanges, now offers support for payment with Dogecoin.
Coinbase Commerce platform will be extended by Dogecoin
Coinbase came up with an announcement in an official Twitter account stating that Dogecoin is the seventh cryptocurrency that traders can use to pay for Coinbase’s e-commerce today. In addition to Dogecoin, the platform supports BTC, BTC Cash, ETH, Litecoin and stablecoins DAI and USDC.
much payment. very commerce. 🐕
Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)!
– Coinbase Commerce (@CommerceCB) July 21, 2021
Coinbase Commerce is a platform that connects to the main Coinbase.com portal, allowing customers to convert cryptocurrencies to standard fiat currencies such as USD, EUR or British Pound. And all this will happen without the trader having to leave the e-commerce portal. The popular stock exchange plans to expand the platform to Coinbase Prime and Pro.
The platform has achieved many successes
Among other things, the Coinbase Commerce platform appeared as a payment partner at the recent Sotheby’s auction, which offered Banksy’s legendary and iconic work “Love Is In The Air.” It was the first time in history that bidders could pay through BTC or ETH. Banksy’s work sold for $ 12.9 million, but the auction house did not provide information on whether the payment was made through cryptocurrencies.
The Coinbase Commerce platform has been in existence for more than two years, during which time it has achieved processed transactions worth $ 200 million. John Zettler, the project’s leader, said that BTC was by far the most widely used cryptocurrency, adding:
“Customers often tell us that BTC is the currency they know best and trust the most.”