Shopify and Coinbase introduced a payments protocol that allows eligible merchants to accept USDC through Shopify Payments, with merchants potentially receiving payouts in their local currency. As of October 2, the protocol had recorded more than $42 million in net settled payments and over 448,000 payments, although these figures do not represent Shopify-only sales or order counts. The integration is designed to make blockchain activity less visible to customers and merchants, but availability, merchant eligibility, foreign exchange terms and processing fees remain important considerations. The reported absence of customer gas fees does not mean merchants pay no fees or incur no other costs. Durable adoption will need to be assessed through merchant participation, transaction completion rates, actual purchase demand and the payout experience.
Source: Read the original article
