Coinbase Adds New Plugin to Enable Online Stores Accept Crypto Payments
Major cryptocurrency exchange Coinbase is integrating with WooCommerce to enable online merchants to accept payments in cryptocurrency.
WooCommerce is an open-source e-commerce platform that is currently integrated into more than three million WordPress websites which accounts for about 28 percent of all online stores.
— Coinbase Commerce (@CommerceCB) August 3, 2018
According to the official announcement, the Coinbase Commerce plugin will enable e-merchants and online businesses to process payments in cryptocurrency, slashing out the transaction fees and offering an improved control over funds.
The new commerce plugin currently supports Bitcoin and Litecoin payments. The team said it is currently working to add Ether and Bitcoin Cash support.
Coinbase has always been looking for ways to enable their customers to spend their cryptocurrencies on real-life goods. Last month, Coinbase announced its partnership with WeGift, a London-based FinTech startup, to enable customers in Europe and Australia spend their cryptocurrency at major retailers and services including Nike and Uber.
Customers purchasing an e-gift card will enjoy zero Coinbase withdrawal fees and bonuses on select e-gifts. The service also includes zero swap fees alongside an average bonus of 5% in gift card value after converting crypto from the user’s Coinbase account.