Coinbase Launches New WooCommerce Plugin
— Coinbase Commerce (@CommerceCB) August 3, 2018
The new plugin will enable merchants to accept both Bitcoin and Litecoin payments directly through Coinbase Commerce, which allows payments to functions in a truly peer-to-peer manner. This means that the customer’s cryptocurrency is transferred directly to the merchant’s wallet without an intermediary, meaning that merchants will never have to pay transaction fees on any order.
While there is no timeline for release, Coinbase notes that similar support for Ethereum and Bitcoin Cash will be added the Commerce platform in the near future.
Coinbase has started August off with a bang. Last week, the company announced that it started rolling out British pound (GBP) support for customers across its many trading platforms. According to the announcement, Coinbase, Coinbase Pro and Coinbase Prime users can now take advantage of same-day deposits and withdrawals from the platforms to British bank accounts.
The company concluded last week with two additional, major announcements. First, the company revealed that Ethereum Classic (ETC) would be made available for trading on August 7, leading to an ongoing ETC rally. Shortly thereafter, Coinbase Custody announced that it would begin exploring the possible addition of various existing and upcoming altcoins to its platform, for storage only.
Interested merchants can find the Coinbase WooCommerce plugin on Github.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.