Coinbase Commerce Hits $50 Million In Processed Transactions
According to a from CoinDesk, Commerce, the crypto startup’s application for merchants and online retailers, has recently surpassed $50 million in processed transactions. Speaking to the outlet, the facet of has seen volume pick up through Q2 of this year, which coincidences with the bullish price action. Commerce has already been integrated into online e-commerce giants like Shopify, WooCommerce, and others, which has helped to boost the of the application.
While Commerce has done well, BitPay has arguably done even better. The competitor processed over, as we reported previously. And it’s chief executive, Stephen Pair, wants this sum to grow to $10 billion and $100 billion in the years to come as a sign of the growing influence of on a global scale.
Crypto Sees Adoption
This recent milestone achievement comes as some large players in the corporate world have begun to accept as a payments option.
, AT&T, a Texas-based American technology giant valued at $234 billion, will be accepting payments for its services through the Atlanta-headquartered BitPay. Per a , AT&T is now the first “major U.S. mobile carrier” to provide its millions of with the ability to purchase services for . Speaking on the matter, Kevin McDorman, vice president of AT&T Communications’ Finance Business Operations unit drawled:
“We’re always looking for ways to improve and expand our services… We have who use , and we are happy we can offer them a way to pay their bills with the method they prefer.”
As this broke, many in the crypto community saw this as validation of the return of the bull. Because why would a massive company accept an asset that is “dying” is “already dead”, right?
What’s more, Tor, the de-facto go-to privacy- and anonymity-centric browser provider, unveiled a donation jar that accepts crypto assets earlier this year. Tor’s website now accepts payments in nine leading : , , , Cash, Lumens, , ZCash, and Augur. And even more recently, Flexa, a little-known startup looking to make “ spendable everywhere”, will be making , Cash, , and Gemini’s in-house in 30,476 retail outlets. Chains accepted the aforementioned digital assets include Crate & Barrel, GameStop, Lowe’s, Nordstrom, and arguably most importantly, the Amazon-owned Whole Foods.
But this may be the tip of the iceberg. Square, the company headed by Twitter’s Jack Dorsey, is looking to make spendable as the Internet’s currency in more places. He specifically wants to integrate the Lightning Network into Square’s Cash App, which already sells at a breakneck pace.
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Published at Sun, 26 May 2019 05:37:05 +0000
