Dogecoin has joined the ranks of the other six cryptocurrencies accepted by merchants on Coinbase’s e-commerce network, according to a Twitter announcement.
In addition to Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and stablecoins Dai and USD Coin, the platform now accepts the following cryptocurrencies: (USDC).
The Coinbase Commerce interface with Coinbase.com allows Coinbase Commerce customers to change their cryptocurrency payments into U.S. dollars, euros, British pounds, or USDC without ever leaving the e-commerce platform.
According to a blog post published in October 2020, the same integration will be made accessible for Coinbase Prime and Pro accounts in the near future.
Coinbase Commerce recently took the stage as Sotheby’s payment partner for the sale of Banksy’s legendary protest artwork “Love Is In The Air,” which was sold for a record-breaking $80 million.
Through a cooperation with Coinbase Commerce, bidders were able to pay with Bitcoin or Ether during the 14-minute bidding fight, which was hailed by the auction house as the first time cryptocurrency was used as a payment option for a piece of physical artwork.
While Sotheby’s sold Banksy’s artwork for a total of $12.9 million, the auction house declined to say whether the final payment was made in cryptocurrency.
The Coinbase Commerce platform reached a milestone of $200 million in total transactions handled in March 2020, over two years after the platform’s launch. Coinbase Commerce is used by 8,000 shops for payment services.
Product lead John Zettler went on to say that Bitcoin was by far the most popular payment method among the various cryptocurrencies available on the platform, adding, “Merchant customers often tell us it’s the crypto they’re most familiar with and the one they trust the most.”
