Coinbase Introduces PayPal-like Commerce Button That Could Change the Game

Have you ever gone to purchase something on an e-commerce website like eBay (NASDAQ:EBAY) and found the option to pay via the PayPal (NASDAQ:PYPL) commerce button? Well now, Coinbase has rolled out a commerce platform that might be extremely appealing to merchants. This allows merchants to seamlessly integrate cryptocurrency payments into their current platforms. Currently, Coinbase offers payments for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

Coinbase Dashboard (Image: Bitcoin Investors UK)
Coinbase Dashboard (Image: Bitcoin Investors UK)

Making it more convenient for cryptocurrency holders to make everyday purchases is a smart move by Coinbase. For now, this new service is not open to new signups by companies. However, on the website it states that major companies are already signed up and have used this new feature. It’s unclear if they have just tested a Beta phase of this product, but the companies listed include Overstock (NASDAQ:OSTK), Expedia (NASDAQ:EXPE), and Digital River. On Coinbase’s website it says that currently, 48,000 businesses trust the platform to integrate Bitcoin payments. It remains unknown if these other companies such as Dish, USAA, Reddit, and 1800 Flowers, are testing this commerce button as well.

Read more: CryptocurrencyNews