In an announcement on Thursday, November 16, crypto exchange Coinbase announced its new open-source Onchain Payment Protocol to improve the experience on Coinbase Commerce.
Enhancing Coinbase Commerce Experience
The recent development is a pivotal step in Coinbase’s vision of making payments faster, more cost-effective, and globally accessible. Also, this update is based on the newly introduced open-source Onchain Payment Protocol.
Coinbase envisions a future where onchain becomes the new online, akin to how the internet dismantled barriers and democratized access to information. Now, they aim to replicate this transformative impact with crypto, facilitating broader access to financial services and commerce.
The updated Coinbase Commerce product addresses challenges faced by merchants such as dealing with crypto volatility and consumers navigating the complexities of crypto transactions. Thus, by leveraging the Onchain Payment Protocol, Coinbase aims to offer instant settlement, lowe
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