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Coinbase Commerce, a platform that helps cryptocurrency funds for web retailers, has added MakerDAO’s DAI stablecoin as a supported fee methodology this week.
This integration will let retailers around the globe settle for the USD-pegged stablecoin as fee for items and providers with out Coinbase Commerce taking any further charges.
Retailers can add a “pay with crypto” button to their checkout course of, or select to just accept DAI solely. Store house owners may at the moment earn a DAI financial savings fee of seven.5%.
This might open doorways to over 800,000 shops and three million internet outlets on Shopify and WooCommerce, in addition to anybody else looking for a strategy to settle for decentralized stablecoins as fee. It additionally introduces retailers to a rising phase of the cryptocurrency market, letting them bridge the hole between DeFi app builders and their very own companies.
DeFi (decentralized finance) is a well-liked motion sparked by cryptocurrency and blockchain applied sciences, bringing standard monetary providers to the crypto sector.
Rune Christensen, CEO of the Maker Basis, informed Cointelegraph a couple of months in the past that:
“DeFi is a brand new technology of merchandise which can be solely clear, the place customers can see actual money flows whereas reaching higher ranges of belief and safety that may be audited in actual time. DeFi additionally incorporates the worldwide nature of blockchain and its benefits, making these extra environment friendly methods with decrease charges and better yields.”
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