THELOGICALINDIAN - Onboarding merchants to DeFi aloof got easier
Coinbase Commerce, the merchant-focused arm of the cryptocurrency exchange, has appear abutment for MakerDAO’s stablecoin, DAI. The affiliation opens up e-commerce giants Shopify and WooCommerce to DeFi and cryptocurrency payments.
DAI affiliation Opens DeFi to Millions of Users
Coinbase’s merchant acquittal band-aid company, Coinbase Commerce, has broadcast its accurate acquittal methods to accommodate MakerDAO’s stablecoin Dai (DAI).
According to the company’s announcement, merchants about the apple application solutions from Coinbase Commerce will now be able to acquire Dai as a acquittal for appurtenances and services.
Coinbase Commerce currently supports a bound cardinal of cryptocurrencies, including Bitcoin, Ether, Litecoin, and Bitcoin Cash. Before amalgam Dai, the alone added stablecoin accurate by the belvedere was its built-in token, USD Coin (USDC).
The accession of Dai marks an important move both for MakerDAO and Coinbase, as it opens up the stablecoin to millions of users beyond the world.
Coinbase Commerce enables affiliation with some of the better e-commerce platforms in the world, including Shopify, WooCommerce, Magento, and PrestaShop.
Making Crypto Easy for Merchants
Apart from bringing new use for Dai, one of the most broadly used stablecoins in DeFi, Coinbase Commerce has additionally fabricated it easier for merchants to dive into the apple of cryptocurrencies.
“It introduces merchants to a growing articulation of the cryptocurrency market, acceptance them to arch the gap amid DeFi dApp entrepreneurs and their own ‘real world’ businesses,” MakerDAO said in a blog post.
Merchants that opt to use Coinbase Commerce solutions do not accept to pay any fees back accepting cryptocurrency transactions.
MakerDAO explained that merchants on any of the accurate platforms alone charge to add the “pay with crypto” button to their checkout action or acquire to acquire alone Dai.
As there is no agent amid the chump application Dai and the store, merchants can additionally advantage some of the coin’s abounding features, including the Dai Savings Rate (DSR) contract.
BlockFi set for connected baronial growth
New Jersey-based crypto-focused banking casework aggregation BlockFi appear today that it has aloft $30 actor in Series B allotment led by Valar Ventures.
BlockFi Saw 20x Revenue Growth in 2024
BlockFi enjoyed acquirement advance of 20x aftermost year, accepting launched in aboriginal 2024. Beginning as a lending and borrowing platform, the aggregation launched BlockFi Trading backward aftermost year.
The crypto trading belvedere began allowing users to barter its three bequest assets in Bitcoin, Ether, and GUSD. It added support for USDC and Litecoin this year.
With $650 actor account of assets on its platform, BlockFi offers absorption ante of up to 8.6% on Bitcoin, Ether, and its stablecoins. It offers crypto-backed USD loans to barter and zero-fee trading.
New Funding Round to Fuel Further Growth
The company’s Series B allotment annular included Morgan Creek Digital, PJC, Akuna Capital, Kenetic Capital, Winklevoss Capital, and Arrington XRP Capital amid others.
The aggregation was Valar Ventures’ aboriginal attack into the crypto market.
The accession will be deployed to added advance the company’s advance and aggrandize its artefact offerings. A adaptable app is accepted in the accessible months. The close will additionally accessible a annex in Singapore in the aboriginal bisected of the year to bigger serve its Asia-based customers.
Zac Prince, CEO and co-founder of BlockFi, said of the raise:
“Our Series B bound follows our Series A six months earlier, which is a attestation to the accelerated advance we’ve been experiencing these accomplished few months beyond acquirement and user acquisition. Our capital focus this year is accretion our articles to the crypto-curious. We are bent to body out cyberbanking articles that accomplish crypto accessible to use by the boilerplate audience. We’re alive appear a approaching area adaptable cyberbanking is accessible to consumers on a all-around scale, leveraging crypto as acquittal rails.”
Prince appears bent to booty crypto boilerplate through BlockFi’s growing apartment of products.
