Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce
Crypto Briefing | Jul 23, 2021 01:30AM ET
Various online sellers including Shopify (NYSE:SHOP) users can now accept DOGE payments.
Cryptocurrency payment processor Coinbase (NASDAQ:COIN) Commerce has added Dogecoin to its list of supported altcoins.
The new addition means that crypto holders will be able to spend Dogecoin at merchants that use the Coinbase Commerce plugin.
Dogecoin creator Billy Markus commented on the addition: “This is a big deal. It’s integrated with Shopify meaning any vendor using Shopify can relatively easily accept DOGE with it.” Shopify alternative WooCommerce also supports the plugin.
Dogecoin is the seventh cryptocurrency supported by Coinbase Commerce, alongside Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dai (DAI), and USD Coin (USDC).
The news may not be entirely surprising, as Coinbase added DOGE to its main exchange listings last month on June 3.
h2 How Many Merchants Can Coinbase Reach?/h2Coinbase Commerce is currently one of the most popular cryptocurrency payment processors alongside other notable alternatives such as BitPay, CoinGate, and CoinPayments.
Prior to today’s news, about 1,400 merchants were known to accept DOGE. Notable stores that accept the coin include Mark Cuban’s Dallas Mavericks store and the computer hardware retailer Newegg.
Coinbase suggests that over 8,000 merchants use Coinbase Commerce, meaning that today’s news could significantly increase the number of merchants that accept the coin.
Original Post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.