Coinbase Commerce has processed more than $ 200 million worth of cryptocurrency payments

Coinbase’s payment application Coinbase Commerce announced that it has processed more than $ 200 million worth of cryptocurrency payments. Coinbase Commerce, launched in early 2018, is an application for online merchants that allows merchants to easily accept cryptocurrency payments and integrate purchases into existing business cash flows. Currently, Coinbase Commerce supports more than 8,000 merchants Customers pay with cryptocurrencies. John Zettler, head of product at Coinbase Commerce, said that the use of stablecoins for payment has surged, especially the use of the stablecoin USDC. It is expected that the use of stablecoins in the second and third quarters of this year will see “substantial growth”. Lianwen previously reported that Coinbase Commerce added stablecoin USDC merchant payment support in May 2019.