Coinbase WooCommerce Plugin Makes Crypto Available to Millions of Online Merchants
Coinbase’s latest announcement heralds a WooCommerce plugin that makes it quick and easy to accept bitcoin and litecoin as payment methods on any WooCommerce-powered site.
WordPress-powered WooCommerce is one of the most popular e-commerce platforms on the web, and Coinbase claims that it is integrated with over 28 percent of all online stores. Now, each of these stores has a point-of-sale plugin to begin accepting cryptocurrency payments from customers the world over. The WooCommerce plugin can be found on the Coinbase GitHub account.
The plugin allows its users to transfer bitcoin and litecoin directly from Coinbase Commerce with an easy-to-use payment button. The plugin’s library is currently available in less than 10 lines of code for React and Python, and Coinbase says that client libraries for Node.js, Ruby and PHP are currently being built. While the plugin currently supports just bitcoin and litecoin, the company is working on support for ether and bitcoin cash, as well.
Coinbase sees the plugin as its next step to facilitate more widespread adoption of cryptocurrency and creating a more inclusive, open financial system.
“Note that all payments made through Coinbase Commerce are truly peer-to-peer,” the announcement blog post reads. “When customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and processed on-chain by the respective blockchain. This means merchants never have to pay transaction fees to accept payments and always remain in complete control over their funds.”
The Coinbase announcement concludes by noting, “We’re just getting started on our quest to make cryptocurrencies an easy payment option and are continually improving Coinbase Commerce based on your awesome feedback. If you have an idea for a feature or product enhancement, tell us on Twitter at @CommerceCB.”