Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce

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

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 entirely 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 stores 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.

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

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article