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Dogecoin becomes the 7th cryptocurrency accepted on Coinbase Commerce


22 Jul 2021

#Dogecoin

Coinbase’s e-commerce platform now offers a new way to spend Elon Musk’s favorite meme cryptocurrency. Coinbase Commerce, the e-commerce arm of the United States-based crypto exchange, has added support for Dogecoin (DOGE) payments.

According to a Twitter announcement, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal. The platform currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), along with stablecoins Dai and USD Coin (USDC).

An integration with Coinbase.com enables Coinbase Commerce customers to convert their crypto payments into U.S. dollars, euros, British pounds or USDC without leaving the e-commerce portal. According to a blog post dated October 2020, the same integration for Coinbase Prime and Pro accounts will be available soon.

Coinbase Commerce recently took the stage as Sotheby’s payment partner during the auction offering Banksy’s iconic protest artwork “Love Is In The Air.”At the 14-minute bidding battle, which was marked by the auction house as the first time cryptocurrency was accepted as a payment option for a piece of physical artwork, bidders could pay using Bitcoin or Ether through the partnership with Coinbase Commerce. Sotheby sold Banksy’s art for $12.9 million, but the auction house didn’t comment on whether the final payment was made with crypto.

In March 2020, nearly two years after its inception, Coinbase Commerce surpassed $200 million in total transactions processed, with 8,000 retailers using Coinbase for payment services. Product lead John Zettler then said that Bitcoin was by far the preferred payment method among the available cryptocurrencies 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.”


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.6% 48 $28 164.10 0.33% 13.02% $544 261 794 571 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 31 $1 787.94 1.35% 5.81% $218 797 673 934 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.001512 0.02% -0.33% $77 553 405 398 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 46 $324.78 -3.14% 5.19% $51 279 077 061 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $0.998760 0.04% -0.12% $35 199 682 488 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86.4% 15 $0.444871 13.53% 20.20% $22 666 568 541 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 64% 80 $0.103499 4.55% 25.69% $17 947 941 823 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 51 $0.371437 9.28% 9.72% $12 895 992 999 ADA 7 days price change
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10 Polygon (MATIC) MATIC Polygon predictions 75.2% 48 $1.14 1.42% -3.43% $9 978 105 668 MATIC 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 55 $0.074846 3.43% 1.71% $9 929 845 913 DOGE 7 days price change
12 Solana (SOL) SOL Solana predictions 69.6% 56 $22.51 0.16% 8.87% $8 635 954 598 SOL 7 days price change
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14 Polkadot (DOT) DOT Polkadot predictions 72% 50 $6.26 1.54% 0.77% $7 311 391 259 DOT 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84% 24 $0.066579 3.00% 0.41% $6 769 516 188 WTRX 7 days price change

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