JAKARTA – Crypto trading platform from the United States, Coinbase announced that it was accepting payments for the cryptocurrency Dogecoin (DOGE) recently. This decision further strengthens the position of Dogecoin which is starting to be used as a means of payment.
Previously, Coinbase Commerce only listed six cryptocurrencies used as payment instruments, namely Bitcoin (BTC), Bitcoin Cash (BCH), Dai (DAI), Ethereum (ETH), Litecoin (LTC), and USD Coin (USDC). The acceptance of meme coins as a medium of exchange adds to the list of cryptocurrencies, with the addition of Dogecoin (DOGE).
Launching Bitcoin.com News, Coinbase Commerce is a platform that has been listed on the Nasdaq. Coinbase “enables traders anywhere in the world to accept cryptocurrency payments in a completely decentralized way,” as Coinbase writes on its official website.
Coinbase has announced the acceptance of payments with Dogecoin on its platform via its Twitter account on Wednesday 21 July.
“We are now accepting trade payments in dogecoin (DOGE).”
Coinbase insists that the payment methods with all seven cryptocurrencies are fully decentralized and cannot be accessed by companies or other parties except traders.
“All payments facilitated by Coinbase Commerce are fully decentralized and peer-to-peer. This means that cryptocurrencies go straight from your wallet to a wallet that only merchants can access. In this stream, anyone but merchants, including Coinbase, have no access to these funds.”
Previously, Coinbase had added DOGE to Coinbase Pro, not long after that Dogecoin's rival meme coin, Shiba Inu was also listed on the crypto trading platform.
On the other hand, this US-based crypto trading company is growing rapidly. They reportedly have received permission to operate in big countries such as Japan and Germany. Some time ago, Coinbase was also rumored to be setting up a crypto hub in India. Coinbase is rumored to be opening job vacancies for hundreds of Indians.
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