Coinbase Allows Retail Players to Accept Dai As a Means of Payment

February 18, 2020 | By | Reply | 25 Readers More


Coinbase is looking to make it easier for retail merchants to accept cryptocurrencies as means of payment.

Coinbase and Dai Working to Bring Retail Change

This week, the company announced that it had integrated Dai – a cryptocurrency released by Maker DAO – into its Coinbase Commerce retail merchants’ division, so that stores and similar business establishments could accept Dai in the future as payment for goods and services. Companies on platforms like Shopify and WooCommerce are now eligible to exchange items for Dai units.

On its blog page, Maker DAO explained:

This week, Coinbase Commerce, a popular platform that helps merchants accept cryptocurrency payments in a completely decentralized way, has integrated Dai as a payment method. Merchants around the world can now accept Dai as a payment for goods and services in minutes. Moreover, merchants do not pay a fee to use…

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