Coinbase Commerce - something like PayPal for Bitcoin

The Coinbase platform has launched the Coinbase Commerce service, which aims to help online shops accept payments in the four leading cryptocurrencies. As noted in the company, Coinbase Commerce ensures the receipt of payments in cryptocurrencies, controlling, verifying and confirming the transactions of customers in each unit.

The Coinbase Commerce service was launched after testing on Wednesday 14 February for sellers around the world. With the help of the new Coinbase development, online retailers can accept payments in Bitcoin (BTC), Bitcoin Cash (BCH), ether (ETH) and Litecoin (LTC). All cryptocurrencies come directly to the wallet of the seller, which he controls.

Developers of Coinbase Commerce say that the service can be integrated into the process of placing an order or added as a payment option in the store. A new development has already been implemented by the Canadian Internet company Shopify (NYSE: SHOP), one of the largest multi-channel trading platforms, with more than 500,000 sellers.

Coinbase Commerce - something like PayPal for Bitcoin, that's how the company explains the essence of the service to online stores. In addition, it may soon become a direct competitor to Bitpay, the largest operator for accepting payments to BTC for today.