Coinbase has announced a feature for merchants to add crypto payment options to their websites, seizing on Stripe's exit from the market amidst market volatility and security breaches.
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As Stripe backs away from crypto payments, Coinbase offers a new solution for e-commerce
Coinbase — which is best known for its service that converts fiat into bitcoin, Ethereum, Litecoin or Bitcoin Cash — is valued at $1.6 billion after raising $100 million last year. The company reportedly booked $1 billion in revenue last year, according to Recode, and it claims to have served over 10 million users. Now, it is looking to give retailers a more flexible option for collecting payment in crypto. The company has its first integration with Shopify, the e-commerce hosting site that claims over 500,000 merchants worldwide.
