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Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce | Crypto Briefing

cryptobriefing.com 22 July 2021 17:41, UTC
Reading time: ~2 m

Cryptocurrency payment processor Coinbase Commerce has added Dogecoin (DOGE) to its list of supported altcoins.

much payment. very commerce. 🐕

Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)!

— Coinbase Commerce (@CommerceCB) July 21, 2021

More Merchants Can Accept DOGE

The new addition means that crypto holders will be able to spend Dogecoin at merchants that use the Coinbase Commerce plugin.

Dogecoin creator Billy Markus commented on the addition: “This is a big deal. It’s integrated with Shopify meaning any vendor using Shopify can relatively easily accept DOGE with it.” Shopify alternative Woocommerce also supports the plugin.

Dogecoin is the seventh cryptocurrency supported by Coinbase Commerce, alongside Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dai (DAI), and USD Coin (USDC).

The news may not be surprising, as Coinbase added DOGE to its main exchange listings last month on June 3.

How Many Merchants Can Coinbase Reach?

Coinbase Commerce is currently one of the most popular cryptocurrency payment processors alongside other notable alternatives such as BitPay, CoinGate, and CoinPayments.

Prior to today’s news, about 1,400 merchants were known to accept Doge. Notable sites that accept the coin include Mark Cuban’s Dallas Mavericks store and the computer hardware retailer Newegg.

Coinbase suggests that over 8,000 merchants use Coinbase Commerce, meaning that today’s news could significantly increase the number of merchants that accept the coin.

Discalimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins and did not hold Dogecoin.

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