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Coinbase’s e-commerce platform now allows you to spend Elon Musk’s favourite meme cryptocurrency in a new way.
Coinbase Commerce, the e-commerce arm of the cryptocurrency exchange based in the United States, has added support for Dogecoin (DOGE) payments.
According to a Twitter announcement, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal.
Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and stablecoins Dai and USD Coin are currently supported by the platform (USDC).
Coinbase Commerce customers can convert their crypto payments into US dollars, euros, British pounds, or USDC without leaving the e-commerce portal thanks to an integration with Coinbase.com. According to a blog post from October 2020, the same integration will be available soon for Coinbase Prime and Pro accounts.
Coinbase Commerce recently took the stage as Sotheby’s payment partner during the auction of Banksy’s iconic protest artwork “Love Is In The Air.”
Bidders could pay using Bitcoin or Ether during 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 piece of physical artwork. Sotheby’s sold Banksy’s art for $12.9 million, but the auction house declined to comment on whether the final payment was made in cryptocurrency.
Coinbase Commerce surpassed $200 million in total transactions processed in March 2020, nearly two years after its inception, with 8,000 retailers using Coinbase for payment services.
Product lead John Zettler went on to say that Bitcoin was by far the most popular payment method among the cryptocurrencies available on the platform, adding, “Merchant customers often tell us it’s the crypto they’re most familiar with and the one they trust the most.”