Coinbase Commerce, the e-commerce arm of the US-based critocurrency exchange, has added support for payments in Dogecoin (DOGE).
According to a announcement from Twitter, Dogecoin has become the seventh accepted cryptocurrency for payments on Coinbase’s e-commerce portal. The platform currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), along with stablecoins Dai and USD Coin (USDC).
An integration with Coinbase.com allows Coinbase Commerce customers to convert their crypto payments into US Dollars, Euros, GBP or USDC without leaving the ecommerce portal. According to a blog post dated October 2020, the same integration for Coinbase Prime and Pro accounts will be available soon.
Coinbase Commerce recently took the stage as Sotheby’s payment partner during the auction that offered Banksy’s iconic protest artwork “Love Is In The Air.”
In the 14-minute bidding battle, which was marked by the auction house as the first time cryptocurrency was accepted as a payment option for a physical artwork, bidders could pay using Bitcoin or Ether through partnering with Coinbase Commerce. Sotheby sold Banksy’s art for $12.9 million, but the auction house wouldn’t comment on whether the final payment was made in cryptocurrencies.
In March 2020, nearly two years after its inception, Coinbase Commerce exceeded $200 million in total transactions processed, with 8,000 retailers using Coinbase for payment services.
Product leader John Zettler then said Bitcoin was by far the preferred payment method among the cryptocurrencies available on the platform, adding: “Customers often tell us it’s the cryptocurrency they’re most familiar with and the one they’re most familiar with. more trust.”
Since 2019, no such clear purchase window appears. Trade over 400 pairs of cryptocurrencies at a 0% rate until July 8th at OKEx.