Sirlibz
Coinbase Commerce, a part of the exchange that allows merchants to accept payments, will now allow them to convert cryptocurrencies to fiat or other stable coins within the platform.
Merchants had to initially move their cryptocurrency payments from the commerce platform to the exchange section and then convert them to whatever they desired including fiat.
Now, merchants can easily convert their cryptocurrency to fiat or stablecoins by simply connecting their coinbase.com accounts with the Coinbase Commerce and easily convert USD, EUR, GBP, and USDC with a 1% fee charged from the user.
The ability for merchants with accounts on Coinbase Pro and Coinbase Prime for Conversions and withdrawals are currently being implemented and will come soon. Coinbase has stated that they always work with their customers or users in mind and will continue building and developing in the service they render.
At Coinbase, our mission is to create an open financial system for the world. One of the ways we will achieve this is by helping connect as many participants in the cryptoeconomy as possible. We’re always listening to our merchants and building the best products to meet their needs.
Earlier on this year, Coinbase had released custom branding for all merchants, easier refund support, DAI support and a Spanish-language support.
