Coinbase is one of the most popular cryptocurrency marketplace. It has introduced a new feature in the form of a WooCommerce plugin. This new plugin allows the Online stores to accept cryptocurrency payments from the customers. It’s only yesterday that the company declared about acceptance of GBP payment methods for UK based customers.
As stated on the Coinbase Blog, the company will soon be supplying a brand new feature to allow cryptocurrency payments for retailers anywhere on the planet. It says, “We have been hard at work the last couple of months and are delighted to announce a WooCommerce plugin and also some other new features.”
For those who aren’t aware about WooCommerce, It is a WordPress plugin which allows people to start their own online stores. WordPress powers 30% of the websites on the Internet and Coinbase mentions that 28% of the online stores are powered by WooCommerce. With introduction to this plugin, a huge market has opened up for cryptocurrencies, Coinbase added.
CoinBase has posted the Coinbase Commerce Plugin on Github with the best steps to install it on WordPress. It’s estimated that the vast majority of online stores will allow crypto payments to boost overall adoption. A little button has to be added for their own sites to allow obligations, and the program will do the rest. Plugins from different exchanges may also be from the pipeline together with Coinbase leading the way right now.
CoinBase has additionally enabled an additional functionality to enable sending Bitcoin and Litecoin straight from the brand new e-commerce platform, called Coinbase Commerce. It also mentions that they are working hard to bring support for Ethereum and Bitcoin Cash.
We also got in touch with the Technical Team member at BlockPitch. The member said that, “One of the biggest difficulties when starting an online store is setting a payment gateway.” But with this plugin from CoinBase, it’ll not be much of a problem for website owners to start accepting payments. One won’t have to depend on payment gateway providers, Our technical team member added.
Funds are delivered from the customer’s crypto wallet right to the retailer and processed through the app on the blockchain. Once the vendor/retailer gets the cryptocurrency such as Bitcoin, Litecoin in his wallet, he can begin with the shipping process.
Earlier today we also reported about the Japanese tech giant Sony filling two patents on a Blockchain related hardware. And we at BlockPitch are positive about the growth of this plugin. As the plugin is not just a utility, but is a solution the problem of payment gateways and vendors.
