What to know:
- One hears that Coinbase has most enterprisingly unveiled “Coinbase Payments,” intending—one presumes—to introduce order, economy, and the mild sensation of novelty to global payments, all upon their fashionable Base (an Ethereum layer-2 network).
- With a genteel flourish, their service allows merchants to receive the mysterious stablecoin USDC at any hour, midnight revels included, removing the onerous necessity of “blockchain expertise,” a thing so dreaded by most. And all this dances hand in hand with Shopify, which is, forsooth, an agreeable match.
- Stablecoins, it must be confessed, sweep relentlessly through the cross-border payments market, whilst illustrious firms—nay, Stripe and PayPal!—debut their own blockchain concoctions, as if the ton demanded it.
Pray attend: Coinbase, that accomplished purveyor of virtual coinage, has set its sights yet again upon the bustling world of payments. In a blog missive posted this past Wednesday (naturally, as all serious announcements occur midweek), the company revealed its latest stratagem—Coinbase Payments.
This latest contrivance—built atop the aforementioned Base, which is neither so base as to be common, nor so high as to be unattainable—is already consorting with the likes of Shopify. Merchants may now receive USDC through unceasing day or restless night, with nary a thought to the technical exertions previous generations endured. Who among us did not, once or twice, bewail the terror of “blockchain know-how?” 😅
In a remarkable fit of concurrence, Stripe and PayPal have begun their own blockchain diversions, as if fearing to miss the season’s most talked-about ball. Not to be left squinting from the windows, Circle (esteemed issuer of USDC) has also entered the fray with much purpose and lace.
And what numbers! We are told—though only the boldest minds can believe it—that stablecoins smoothed the passage of $30 trillion last year, triple the previous twelvemonth, which surely must inspire both awe and a moment of silent arithmetic. 💰
The new arrangement is separated, like the ingredients in a well-baked pudding, into three parts: the Stablecoin Checkout allows customers to pay through those charming accoutrements—MetaMask, Phantom, and Coinbase Wallet—all in a “gasless, browser-native experience,” terms perhaps best left unexplained at tea. The Ecommerce Engine serves platforms an API for such crucial arts as refunds, ledgering, and perhaps the occasional duel-by-dispute. Lastly, the Commerce Payments Protocol sends smart contracts bustling about, handling escrows and “delayed capture” with all the dignity of a butler managing the silver.
The result: A merchant in Bath, a merchant in Brussels, a merchant in Basingstoke—each may accept USDC at any hour, untroubled by the cares of setup, enjoying lower costs, and experiencing, so far as possible, the “feel” of traditional payment rails (all the rails, yet none of the derailing!). Coinbase assures us the machinery is swift, efficient, and almost as reliable as a sensible marriage. What a time for commerce, what a time for love. 💍🤑
Read More
- Masters Toronto 2025: Everything You Need to Know
- We Loved Both of These Classic Sci-Fi Films (But They’re Pretty Much the Same Movie)
- ‘The budget card to beat right now’ — Radeon RX 9060 XT reviews are in, and it looks like a win for AMD
- Valorant Champions 2025: Paris Set to Host Esports’ Premier Event Across Two Iconic Venues
- Forza Horizon 5 Update Available Now, Includes Several PS5-Specific Fixes
- Gold Rate Forecast
- Street Fighter 6 Game-Key Card on Switch 2 is Considered to be a Digital Copy by Capcom
- The Lowdown on Labubu: What to Know About the Viral Toy
- Karate Kid: Legends Hits Important Global Box Office Milestone, Showing Promise Despite 59% RT Score
- Mario Kart World Sold More Than 780,000 Physical Copies in Japan in First Three Days
2025-06-18 21:26