Coinbase unveils Amex card, Shopify integration
The post Coinbase unveils Amex card, Shopify integration appeared on BitcoinEthereumNews.com. This is a segment from The Drop newsletter. To read full editions, subscribe. Coinbase announced a stablecoin payment option on Shopify, as well as an American Express credit card, during yesterday’s State of Crypto Summit. Buyers making online purchases from an estimated two million businesses using Shopify may soon see USDC on Base as a payment option when checking out, and will have to approve those payments via a third-party crypto wallet. Shopify CEO Tobi Lutke said during one talk that what a user sees when buying items through the ecommerce site isn’t the whole story. Clicking the “Pay” button initiates many steps on the backend, and adding a price-volatile crypto token can make that even more complicated. “Stablecoins are obviously key here,” Lutke said. That said, Shopify has added different types of crypto payment options before — and even tried out offering bitcoin payments way back in 2013 when it had about 70,000 online stores using its platform. Shopify’s site already lists Solana Pay, Crypto.com, Strike, and half a dozen other crypto payment integrations as options for businesses to choose to opt into. It’s just not clear how many Shopify merchants are actually going for these options. The USDC on Base payment option is first rolling out in early access, with plans to expand that rollout this year. Lutke said Shopify is also exploring adding 1% cashback, too, as an extra perk. Stripe’s tech helped make this happen. Merchants can decide whether they want to keep their earnings in USDC or convert it into their native fiat currency. Both during the livestream and afterwards across different X threads, Coinbase execs and staff pointed out that high credit card fees cutting into merchants’ profits are a point of frustration that crypto could solve. They also emphasized that crypto can go…
The post Coinbase unveils Amex card, Shopify integration appeared on BitcoinEthereumNews.com.
This is a segment from The Drop newsletter. To read full editions, subscribe. Coinbase announced a stablecoin payment option on Shopify, as well as an American Express credit card, during yesterday’s State of Crypto Summit. Buyers making online purchases from an estimated two million businesses using Shopify may soon see USDC on Base as a payment option when checking out, and will have to approve those payments via a third-party crypto wallet. Shopify CEO Tobi Lutke said during one talk that what a user sees when buying items through the ecommerce site isn’t the whole story. Clicking the “Pay” button initiates many steps on the backend, and adding a price-volatile crypto token can make that even more complicated. “Stablecoins are obviously key here,” Lutke said. That said, Shopify has added different types of crypto payment options before — and even tried out offering bitcoin payments way back in 2013 when it had about 70,000 online stores using its platform. Shopify’s site already lists Solana Pay, Crypto.com, Strike, and half a dozen other crypto payment integrations as options for businesses to choose to opt into. It’s just not clear how many Shopify merchants are actually going for these options. The USDC on Base payment option is first rolling out in early access, with plans to expand that rollout this year. Lutke said Shopify is also exploring adding 1% cashback, too, as an extra perk. Stripe’s tech helped make this happen. Merchants can decide whether they want to keep their earnings in USDC or convert it into their native fiat currency. Both during the livestream and afterwards across different X threads, Coinbase execs and staff pointed out that high credit card fees cutting into merchants’ profits are a point of frustration that crypto could solve. They also emphasized that crypto can go…
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