Altcoins News
By Evie Vavasseur
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A Major Move Into Crypto Payments. While Shopify has long supported crypto transactions via third-party plug-ins, this initiative…
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How It Works: Coinbase and Stripe at the Core. The Shopify rollout is built on a custom crypto payments protocol developed by Coinbase on its…
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Strategic Crypto Alignment. Shopify CEO Tobias Lütke, who also sits on Coinbase’s board, reaffirmed the company’s commitment…
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Industry Trends: Stablecoins Going Mainstream. Shopify’s decision to embrace USDC comes at a time when other global financial giants are…
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What This Means for Merchants and Shoppers. For Shopify merchants, the integration provides a new way to accept payments from customers…
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What’s Next. Shopify plans to evaluate feedback from the initial pilot before expanding USDC payments to…
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Shopify, one of the world’s leading e-commerce platforms, is taking a major step toward crypto adoption by introducing native support for USDC stablecoin payments.
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This new payment option comes through a partnership with Coinbase and Stripe, two of the most prominent names in the crypto and fintech industries.
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While Shopify has long supported crypto transactions via third-party plug-ins, this initiative marks the company’s first native integration of a stablecoin payment system.
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Stablecoins like USDC have seen a rapid increase in usage over the past two years. As cited in a recent blog post from Stripe, stablecoin payment volumes have climbed from $2…
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Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins are designed to maintain a consistent value.
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Stripe, already one of Shopify’s key payment partners, is embedding USDC capabilities directly into the Shopify backend.
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Notably, participating merchants will also be eligible for up to 0.5% cash back on USDC transactions.
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Shopify CEO Tobias Lütke, who also sits on Coinbase’s board, reaffirmed the company’s commitment to crypto innovation during remarks at a recent Coinbase event.
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Jesse Pollak, who leads Coinbase’s blockchain and wallet efforts, emphasized the broader significance of this rollout.
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