Bitcoin
$3,786.76 6.01%
BTC · 19w

Crypto adoption: Coinbase Launches Crypto Plugin for WooCommerce Platform

U.S.-based cryptocurrency exchange platform Coinbase has announced a new service aimed at improving access to cryptocurrency payment options for e-commerce businesses.

According to a blog post published Thursday, Coinbase Commerce – the startup's non-custodial cryptocurrency payment solution for merchants – has now launched a plugin for popular e-commerce platform WooCommerce.

WooCommerce, going by figures cited by Coinbase, currently provides the payments system for more than 28 percent of all web stores. However, the BuiltWith currently estimates the figure is slightly lower, at 21 percent.

Even so, the addition of the plugin (available on GitHub) now makes cryptocurrency payments via Coinbase to a good chunk of the web's e-commerce sites. It should be noted there are other similar plugins already available, such as CryptoWoo.

Coinbase said in the post:

"This increased access will lead to more widespread adoption, and ultimately, moves us closer to our goal of an open financial system."

The blog post also revealed that Coinbase now offers the option of sending of bitcoin and litecoin directly from Coinbase Commerce, with ethereum and bitcoin cash also in the pipeline.

The news comes just days after Coinbase opened up its exchange service to U.K. customers using pounds Sterling. It will now offer same-day deposits and withdrawals using the country's Faster Payments system.

And on July 2, the firm launched Coinbase Custody, a crypto storage service aimed at institutional hedge funds and other clients who can deposit holdings at a minimum of $10 million.

E-commerce image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Go to coindesk.com
Recent news
BTC +6.01% · medium.com · 11h

Spend Bitcoin At Target

We are pumped to bring back an old favorite, Target! Starting today you can use Bitcoin to purchase cards for Target through Fold. These cards can be used in-store and online at Target.com. Users may…
BTC +6.01% · cryptoiscoming.com · 13h

Iranian Students Turn To Crypto - Crypto is Coming

The tension between the United States and Iran is nothing new. In 2002, the president at the time, George H.W. Bush, famously referred to Iran as part of the “Axis Of Evil”, a term used to describe a ...
BTC +6.01% · blockmanity.com · 14h

Dave Rubin ditches Patreon and shifts to Bitcoin!

Political Commentator and the host of The Rubin Show Dave Rubin recently tweeted that he will be accepting Bitcoin. Recently, the crowdfunding platform Patreon removed Youtuber Carl Benjamin aka “Sarg...
BTC +6.01% · blockonedaily.com · 15h

Despite having slow market bitcoin volume is increasing

Global Volume- Crypto world talking about crypto currencies are in early phase experts are saying this? Anyone of you given time to know what exactly happening outside the exchanges? Answer ...