Coinbase launches payment platform with cryptocurrencies on the base network

Coinbase Enter the global payments market by launching a new payment service with Stablecoins on its network Base. The initiative already operates with Shopify

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• Coinbase lance “Coinbase Payments “ On the network Base.
• The service allows global payments with USDC No technical knowledge in Blockchain.
• This product already operates in Shopify
• With this announcement, Coinbase Enter the sector with cryptocurrencies strongly.

The International Exchange with headquarters in the US Coinbase, announced today the launch of “Coinbase Payments”a platform that takes advantage of the base network, developed by the company itself, to facilitate payments with Stablecoins.

The new service, announced on Wednesday in an exchange official blog post, is already integrated with the electronic commerce giant Shopify, and Its objective is to allow merchants to accept payments in Stablecoins as USDC In a simple way, without the need for technical knowledge about technology Blockchain.

A payment system “Without commissions” and with native experience

As detailed by the company, Coinbase Payments was designed to operate 24/7 using USDC, allowing users to make payments from wallets such as Metamask, Phantom or Coinbase Wallet without having to pay network commissions (gas). The experience is integrated directly into the browser, without redirections or friction, and with an intuitive interface.

The service consists of three main modules:

1. Stablecoin Checkoutwhich allows customers to pay directly from their wallets.

2. Ecommerce Enginewhich facilitates integration via API with functions such as authorizations, reimbursements and accounting.

3. Commerce Payments Protocolresponsible for executing payments through intelligent contracts, including functions such as deferred capture or warranty deposit.

This modular architecture provides shops similar tools to those of traditional payment systems, but enhanced by the efficiency and speed of the network Blockchain Base.

An opportunity in a competitive market

The entrance of Coinbase In the payment sector with Stablecoins, it responds to a growing trend in the financial industry, where companies such as Stripe and PayPal have begun to incorporate technology Blockchain In their products to expedite payments, this without the user must be aware that this technology is being used, providing the entire process of transparency and traceability.

In parallel, native companies of the crypto ecosystem, such as Circle (Issuer of USDC), They have developed their own payment networks with the aim of capturing part of this rapid expansion market. Precisely, the latter guided an alliance with Shopify to integrate payments also through Base

According to shared figures by Coinbase, The stablecoins facilitated transactions for a total of USD $ 30 billion during the last year, which represents a growth of three times compared to the previous period.

Back with Coinbase Payments, This product reflects the growing institutional interest in payment solutions based on Blockchain, especially those that manage to combine technological efficiency with a user experience close to traditional finances.

In addition, collaboration with Shopify It reinforces the immediate adoption capacity of the system, allowing thousands of digital merchants to access payments with cryptocurrencies without technical complexity.

Beyond the crypto: global infrastructure vision

Although Coinbase It is known for its role as a cryptocurrency exchange, this movement positions the company as a comprehensive financial infrastructure platform, with a vision that transcends the pure crypto ecosystem.

With Coinbase Paymentsthe company aims to replicate the most valued characteristics of the traditional system – such as dispute resolution, recurring billing and predictable liquidation times – but taking advantage of transparency, immediacy and programability of Blockchain.

The strategy also strengthens the positioning of Base, your layer 2 network that operates on Ethereum, as a solid option for commercial applications and institutional cases, an area where other solutions such as Polygon either Arbitrum They also compete aggressively.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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