Shopify Integrates USDC as a Payment Option: Expanding the Utility of Stablecoins in Global Online Trading
The digital payment landscape continues to evolve at a rapid pace. Recent news indicates that Shopify, one of the leading e-commerce platforms in the world, will soon add a payment option using USDC, a stablecoin issued by Circle. This integration aims to simplify the transaction process for users, allowing direct payments with USDC without the need for conversion to fiat currency first.
USDC as an Ideal Payment Solution According to Shopify
According to Tobi Lutke, CEO of Shopify, stablecoins are very ideal and stable assets for completing online payments, especially considering that this asset is pegged to the value of the US Dollar.
"Shopify will enable USDC, payments through Shopify Checkout, and in-store payments. Early access starts today," Lutke stated in the company's official report.
Lutke also added that stablecoins are seen as a natural means for transacting on the internet. To realize this, Shopify will collaborate with Coinbase to develop innovative trading payment protocols.
Brief Conclusion:
Shopify will provide a payment option using USDC, which is expected to simplify the online shopping experience. The CEO of Shopify believes that stablecoins are a stable payment instrument suitable for internet transactions, and this initiative is part of a collaborative effort with Coinbase to advance trading payment protocols.
Disclaimer: This is not financial advice (NFA). Do your own research (DYOR).