Shopify will integrate payments with USDC through the base network

Shopify will facilitate payments with the stablecoin USDC, In the first instance for selected merchants since June 12, and will soon enable this property for all interested parties

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• Integration Shopify – USDC will use the network Base of Coinbase.
• It will allow liquidations in local currency without commissions by foreign transactions.
  
• Payments will be made in USDC with benefits such as 1% refund for buyers.
  
• Shopify and Coinbase They also work in an adapted payment protocol for electronic commerce.

The online trade giant, Shopify, He announced that he will start offering support for payments with the stablecoin USDC Through the network Base, With which they open even more possibilities for merchants and users interested in using cryptocurrencies for products and/or services.

Payments with USDC via Base through Shopify

According to various published reports, this new initiative will be applied in a first stage as of June 12 with a limited group of merchants. A gradual expansion towards all users of Shopify Payments Throughout this year.

The merchants who use Shopify Payments They will be able to accept payments in USDC directly through Blockchain, while receiving the corresponding settlement in local currency. This approach seeks to eliminate cross -border payment barriers, such as currency conversion commissions, making international trade more efficient.

Besides, Shopify plans to encourage the use of USDC Among consumers by offering a 1% reimbursement to those who choose to pay with this digital currency. This functionality will be enabled at a later stage of the implementation, even without a specific date confirmed.

Regarding the integration of Base, This network was selected for its operational advantages: low commissions, high speed and an environment of transactions that is safer. These characteristics make the network an attractive option for companies that seek to integrate payments with cryptocurrencies without compromising customer experience.

Base It is a layer 2 network developed by Coinbase, That seeks to climb Ethereum by reducing the costs and times of transactions. In this context, Shopify Hope to facilitate the adoption of payments with cryptocurrencies when integrating with a native infrastructure for this payment modality.

In addition to the above, reports also report that Coinbase and Shopify They have jointly developed an open source payment protocol, specifically designed for electronic commerce. This system allows typical functionalities of traditional payments, such as deferred capture, tax calculation and refund processing, while integrated with existing orders compliance systems of merchants.

This protocol not only represents a technical advance, but also an entrance door for more companies to explore decentralized payment solutions, with more direct control over their global transactions.

The rise of the stablecoins as a financial tool

The movement of Shopify It occurs in a rapid expansion context of the use of stablcoins. These digital currencies, whose value is linked to real world assets (such as the US dollar), are being used beyond cryptocurrency trading.

According to data cited by specialized means, The Stablecoins supply has grown by 54% year -on -year, showing greater adoption for these assets.

Shopify, By joining this trend, it is positioned as one of the first large electronic commerce platforms to openly embrace the payment infrastructure based on cryptocurrency. This step can pave the path to a broader adoption, especially if the user experience is positive for buyers and merchants equally.

Article written by a 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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