1. Home
  2. News
  3. Release

Coinbase Partners With e-Commerce Platform WooCommerce

News
Coinbase Partners With e-Commerce Platform WooCommerce

Coinbase has released a new plugin for WooCommerce webstores. This plugin enables websites to easily accept cryptocurrency. WooCommerce webstores are powered by WordPress; it’s believed that nearly 40% of online stores use it for their business.

This development is part of Coinbase's “open financial system”, a P2P payment platform for cryptocurrencies. There are no additional fees, as users interact with each other directly. According to the company’s press release: “When customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and processed on-chain by the respective blockchain. This means merchants never have to pay transaction fees to accept payments and always remain in complete control over their funds.” The WooCommerce plugin allows stores to accept crypto payments by adding a button to their WordPress page.

This is not the first time Coinbase Commerce has integrated a webstore platform into its network. Shopify's collaboration started in 2014 when it adopted Bitcoin. WooCommerce, however, claims a userbase 6 times bigger than that of Shopify.

03 Aug 2018

Subscribe to our newsletter

Our newsletters are sent on a regular basis and are aiming to provide you most overall market situation

Latest news

New Token Listing: Transcodium

Trading pairs of initial coin offer...
15 Oct 2018

New Funding Rounds: CertiK, The Sun Exchange, Blockfolio and NULS

Initial coin offering (ICO) project...
15 Oct 2018

IMF Believes Crypto’s Rapid Growth Will Impact Global Financial System

In a report entitled “World Econo...
15 Oct 2018

Why Bithumb Acquisition Is An Interesting Case

Last week, BK Global Consortium acq...
15 Oct 2018

Top Coinbase Exec Joins Bakkt

The head of Coinbase’s institutio...
12 Oct 2018

New Token Listings: Ravencoin, Loom and BHP

Trading pairs of initial coin offer...
12 Oct 2018

Speakers At Security Token Future Conference (Co-Hosted by ICORating)

ICORating will co-host the global S...
12 Oct 2018

New Release: Qlink

Qlink (QLC) has officially launched...
12 Oct 2018

The Swiss Financial Regulator Approves A Crypto Fund

The Swiss Financial Market Supervis...
11 Oct 2018