Golden Finance News: Two announcements released on Thursday show that e-commerce giant Shopify has respectively reached cooperation agreements with cryptocurrency trading platform Coinbase and payment service provider Stripe, aiming to lower the threshold for merchants to accept payments in Circle’s USDC stablecoin. Create a more convenient encrypted payment ecosystem for consumers and merchants.
In the collaboration with Stripe, consumers will enjoy a brand-new payment experience. Stripe stated in a press release that shoppers can use their preferred crypto wallets to complete payments in USDC stablecoins via the Base blockchain network. For merchants, the collection process has also been optimized. By default, Stripe enables merchants to receive stablecoin payments in their preferred local currency and deposit the funds directly into their bank accounts. The operation process is no different from traditional payment methods. This service will be available to Shopify merchants in 34 countries and regions, and is expected to provide more diversified payment options for cross-border transactions.
Stripe also shared the growth data of the stablecoin payment market. Over the past two years, the total amount of stablecoin payment settlements has exceeded 94 billion US dollars, and the growth momentum is rapid. The monthly payment amount has risen from less than 2 billion US dollars initially to over 6.3 billion US dollars now, highlighting the potential of stablecoins in the digital payment field. The collaboration between Shopify and Coinbase as well as Stripe will undoubtedly further promote the wide application of USDC stablecoins in business scenarios, and may bring about new changes in payment methods in the e-commerce industry, triggering high market attention to the integrated development of cryptocurrencies and traditional business.
Related Topics:
