strong buy
Shopify Partners with Coinbase and Stripe to Boost USDC Payments
Shopify has announced partnerships with Coinbase and Stripe in a bid to facilitate the acceptance of USDC stablecoin payments by merchants. According to two announcements made on Thursday, these alliances aim to simplify crypto payment processes for businesses. Stripe highlighted in a press release that shoppers will be able to pay using their preferred crypto wallets with USDC on Base. Furthermore, Stripe will enable merchants to receive stablecoin payments in their local currency and deposit them into their bank accounts just like any other payment. This service will be available to Shopify merchants across 34 countries. Stripe also pointed out that in the past two years, stablecoin payments have settled over $94 billion, with monthly transaction volumes rising from under $2 billion to over $6.3 billion.
Source available for registered users Sign Up Free
AI Analysis
The partnership between Shopify, Coinbase, and Stripe reflects a strategic move towards mainstream acceptance of cryptocurrencies as a payment method. By integrating USDC, a widely used stablecoin, th...
AI Recommendation
Investors should monitor the implementation and adoption rates of this new payment infrastructure, as successful integration could boost the valuation of involved companies like Shopify, Coinbase, and...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.