Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants
Shopify is partnering with Coinbase and Stripe to allow merchants to process stablecoin payments for everyday commerce.
1
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
As a result of this collaboration, merchants can accept USDC from global customers using their existing payment and order fulfillment flows, with no required integrations or new gateways. Customers can pay with USDC from hundreds of supported crypto wallets, on guest checkout and with Shop Pay.
Merchants will also receive their local currency by default, with no foreign transaction or exchange fees applied. They can choose to claim USDC directly into their own wallet, allowing flexibility in managing their funds.
According to a Shopify statement, stablecoins "are reshaping the way money moves around the world. Over the past few years, stablecoins like USDC have grown to over a trillion dollars in monthly payment volume, trusted by users around the globe."
The statement explains that unlike "cryptocurrencies like Bitcoin or Ether, whose value can widely fluctuate, stablecoins such as USDC are backed 1:1 by US Dollar reserves, and maintain a constant value. When customers pay in USDC, merchants get a currency that's safe, reliable, and easy to exchange."
Further, Coinbase's Base, a fast and affordable network that operates not unlike a credit card network, is becoming increasingly accepted. Alongside this, buyer wallets, which allow users to hold and spend digital currencies, now offer a good customer experience.
Merchants need payment systems that can handle complex transactions and checkout steps like tax finalisation and inventory reservation. Shopify and Coinbase have addressed these challenges with a smart contract, where merchants get the familiar 'authorise now, capture later' flexibility of credit cards, with the speed and global reach of stablecoins.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Geeky Gadgets
an hour ago
- Geeky Gadgets
iPhone 17 Pro Max Camera: 5 Game-Changing Leaks You Can't Miss!
The iPhone 17 Pro and Pro Max are rumored to introduce a range of advanced camera features that could redefine mobile photography. With a focus on innovation and performance, these upgrades are expected to appeal to both casual users and photography enthusiasts. Below, we explore the most significant camera enhancements that could elevate your photography and videography experience. The video below from Matt Talks Tech gives us more details on the new cameras coming to the iPhone 17 Series. Watch this video on YouTube. Redesigned Flashlight and LiDAR Sensor Placement Apple is reportedly addressing a common issue faced by photographers: glare caused by the flashlight. The iPhone 17 Pro Max is expected to feature a redesigned flashlight that minimizes lens glare, particularly in low-light environments. This improvement could result in cleaner, more professional-looking photos, even in challenging lighting conditions. Additionally, the LiDAR sensor is rumored to be repositioned, enhancing its functionality. This adjustment could improve depth sensing for augmented reality (AR) applications and boost low-light photography performance. Together, these changes aim to deliver a more seamless and versatile photography experience, making the device a valuable tool for creative expression. 48-Megapixel Telephoto Camera One of the most exciting rumored upgrades is the telephoto camera, which is expected to feature a 48-megapixel sensor, a significant leap from the 12-megapixel sensor in previous models. This enhancement will allow for sharper, more detailed images, particularly when zooming in on distant subjects. The telephoto lens is also rumored to include a 5x optical zoom, an improvement over the 3x zoom found in earlier iPhone models. This upgrade could be especially beneficial for capturing intricate details in wildlife photography, sports events, or architectural shots. With these advancements, the iPhone 17 Pro Max is poised to deliver a substantial boost in image quality and versatility. 50x Digital Zoom In addition to the improved optical zoom, the iPhone 17 Pro Max is expected to support up to 50x digital zoom, using the power of the new 48-megapixel sensor. Digital zoom traditionally sacrifices image quality, but Apple's advanced computational photography algorithms are rumored to mitigate these issues. This feature could enable users to capture clearer and more detailed images, even at extreme zoom levels. Whether you're photographing distant landscapes or capturing candid moments from afar, the enhanced zoom capabilities promise to deliver sharp and vibrant results. 8K Video Recording For video enthusiasts, the iPhone 17 Pro Max is rumored to be the first iPhone to support 8K video recording. This feature would allow users to capture footage with exceptional clarity and detail, making it ideal for professional videography or playback on high-resolution 8K displays. Early leaks suggest that the device will support 8K recording at both 30 and 60 frames per second, offering flexibility for smooth, cinematic video capture. This capability could set a new standard for mobile video recording, appealing to content creators and filmmakers alike. Enhanced Front Camera The front camera is also rumored to receive a significant upgrade, featuring a 24-megapixel sensor, double the resolution of its predecessor. This improvement is expected to result in sharper, more detailed selfies with enhanced skin tone accuracy and better performance in low-light conditions. Whether you're using the front camera for video calls, social media content, or capturing personal moments, this upgrade could ensure that every frame looks polished and professional. The enhanced front camera is likely to appeal to users who prioritize high-quality visuals in their everyday interactions. What's Next for the iPhone 17 Pro Max? The iPhone 17 Pro Max is shaping up to be a highly anticipated device for mobile photography and videography. With its redesigned flashlight and LiDAR placement, upgraded telephoto and front cameras, enhanced zoom capabilities, and support for 8K video recording, it promises to set a new benchmark for smartphone imaging. While the official release date is expected in mid-September, pricing details remain uncertain and could vary based on market conditions. If you're considering upgrading your smartphone, the iPhone 17 Pro Max's advanced camera features could make it a compelling choice. Stay tuned for further updates as Apple prepares to unveil its latest innovation. Here are additional guides from our expansive article library that you may find useful on iPhone 17 Pro Max Camera Upgrades. Source & Image Credit: Matt Talks Tech Filed Under: Apple, Apple iPhone, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Daily Mail
2 hours ago
- Daily Mail
Vacations in turmoil as JetBlue slashes flights
Published: Updated: Vacations have been thrown into turmoil after JetBlue announced plans to slash summer flights. The budget airline is launching new cost-saving measures after weak travel demand is threatening its bottom line. JetBlue admitted that its chances of breaking even this year are 'unlikely', in a memo seen by Reuters. As a result the carrier is planning to wind down less popular routes and cutting its leadership team, CEO Joanna Geraghty told employees in the note. 'We're hopeful demand and bookings will rebound, but even a recovery won't fully offset the ground we've lost this year and our path back to profitability will take longer than we'd hoped,' Geraghty said. US airlines have taken a hit after President Trump's aggressive trade policies and border crackdowns have seen a significant pullback in travel to the US. JetBlue is not alone in scaling back capacity ahead of the summer travel season, with United also cutting four in every 100 of its domestic flights . 'While most airlines are feeling the impact, it's especially frustrating for us, as we had hoped to reach break-even operating margin this year, which now seems unlikely,' Geraghty explained. JetBlue is under additional financial strain as it us undergoing inspections of some of its engines, which has grounded a number of its aircraft. In other efforts to cut costs the airline is planning to park six of its Airbus jets instead of retrofitting them as initially planned. It comes after JetBlue previously pulled its full year forecast in April to readjust to the new demand environment. The company also previously announced its plans to make a $3 billion saving by deferring buying 44 new Airbus jets. JetBlue's shares are down more than 44 percent so far this year. Earlier this year United announced it would be axing flights due to a dip in demand for US travel. 'The softer economic situation is creating softer demand for travel,' CEO Scott Kirby told investors on the airline's first quarter earnings call in April. United said it also saw flights coming out of Canada see a 9 percent dip, with the rest of international demand coming in to the US down 6 percent. Canadians have been boycotting US travel after Trump threatened to make America's northern neighbor the '51st state.' As a result air travel dropped 13.5 percent in March compared to the same time last year. Flair Airlines was forced to abandoned its routes from Vancouver and Calgary to Phoenix, Arizona as a result of such low demand. Tourist hotspots that rely heavily on Canadian visitors, such as Buffalo, New York and Old Orchard Beach in Maine have seen dramatic drop-offs in visits. Some hotspots such as Palm Springs in California have even hung signs begging Canadians not to boycott them .
Daily Mail
2 hours ago
- Daily Mail
EXCLUSIVE Fatal mistake you're making with your bagels: My life-changing hacks for the ULTIMATE order
In a city where opinions are as hot as the ovens at dawn, few debates rage harder than what makes a 'real' New York bagel. But Sam Silverman, CEO of BagelUp and the man behind the city's booming bagel tourism scene, says most people are getting it wrong.
