As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce

As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce

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Popular payment enabler Stripe announced plans to end support for bitcoin last month, but crypto exchange Coinbase is stepping into the gap after it released a new option for online merchants.
Coinbase -- which is best known for its service that converts fiat into bitcoin, Ethereum, Litecoin or Bitcoin Cash -- is valued at $1.6 billion after raising $100 million last year. The company reportedly booked $1 billion in revenue last year, according to Recode, and it claims to have served over 10 million users. Now, it is looking to give retailers a more flexible option for collecting payment in crypto.
Coinbase Commerce -- its new service launched this week -- lets merchants add crypto payment options direct to their existing payment flow or added as a separate option. Unlike past retailer solutions from Coinbase, it is hosted independently of the exchange's services so a merchant can receive crypto to its own wallet. It is also supported worldwide, so not just in the U.S..

 
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