Coinbase developed a service for cryptocurrency payments for goods and services

With Coinbase Commerce merchants now have an ability to accept directly multiple cryptocurrencies
15 February 2018   772

Following a quiet test period, on February 14 Coinbase Commerce has become available for all merchants globally. The service monitors, validates and confirms user transactions on each blockchain of Bitcoin, Bitcoin Cash, Ethereum and Litecoin with the payments performed on-chain. Another key specifics is that Coinbase Commerce gives a full control over its own currency as the service is not hosted.

The access to the service is very simple: all a merchant needs to provide is his e-mail address and his phone number. Coinbase Commerce can be intergrated directly into checkout flow or added as another payment option on an e-comm platform. According to the announcement, the service is already integrated with Shopify, one of the largest multi-channel commerce platforms.

As for the current competitors of Coinbase Commerce, it’s the largest Bitcoin payment processor Bitpay. Bitpay has been the dominant player in the sector for a while.

As for the apperance, it will work as a PayPal plugin: once the customer reached the checkout page, one can view Coinbase Commerce button along with traditional PayPal and Credit Card. Upon clicking the Coinbase Commerce button, a new window pops up with the product cost and a crypto address to proceed the payment. QR code payment is also available.

Coinbase to Present Toshi

Company believes that it can be a starting point for decentralized Internet
16 August 2018   414

Coinbase announced the launch of Coinbase Wallet called Toshi, which the company's specialists have been working on for the past year and a half.

According to the company's representatives, Coinbase Wallet should be viewed not simply as a tool for accessing cryptocurrencies, but as a starting point for decentralized Internet.

We believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system.
 

Coinbase

Tooshi development started back in April 2017 under the Ethereum messager Token name. Last months the product development was headed by Peter Kim, the founder of the startup Cipher Browser, which was acquired by Coinbase in April this year.

Toshi features:

  • ERC 20 tokens and Ethereum support
  • Airdrop and ICO tokens support
  • Purchasing and storing crypto collectibles
  • Exchange trade

Coinbase Wallet also allows users to send payments anywhere in the world, giving them access to leading decentralized exchanges and decentralized third-party applications.