Coinbase Commerce Adds DAI as a Payments Option for Online Retailers | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
Coinbase Commerce, the merchant arm of the San Francisco-based cryptocurrency exchange, Coinbase, recently integrated Marker’s stablecoin, DAI, as a payment option for online retailers. The DAI stablecoin becomes the second digital currency to be integrated by Coinbase Commerce.
DAI Stablecoin Now Supported on Coinbase Commerce
The decentralized autonomous organization (DAO), Marker, announced the news of the integration of its stablecoin by Coinbase Commerce via its blog on Thursday (February 13, 2020). According to the publication, the addition of DAI as a payment method gives merchants the opportunity to transact business securely using a decentralized stable digital currency.
An excerpt from the announcement reads:
“Merchants around the world can now accept Dai as a payment for goods and services in minutes. Moreover, merchants do not pay a fee to use Coinbase Commerce, making onboarding free in addition to simple and secure.”
Also, merchants can either choose the ‘pay with crypto option’ or accept only DAI the checkout process. In addition, shop owners get to earn the current Dai Savings Rate (DSR) of 7.5 percent.
Another advantage of the integration is that it offers the decentralized stablecoin merchants on big e-commerce platforms such as WooCommerce and Shopify. Consequently, the addition of DAI by Coinbase Commerce exposes lots of merchants to the ever-expanding crypto market,