It may become a whole lot easier to use cryptocurrencies for payments.
Digital-assets exchange Coinbase Inc. is releasing a service for merchants to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments, and deposit them into their own digital wallets, according to a blog post by the San Francisco-based company. The setup requires just an email address and a phone number.
The product, called Coinbase Commerce, can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform. Commerce platform Shopify, which was already accepting Bitcoin payments, is one of the first platforms to start using the service, Coinbase said.