Merchants will be able to accept USDC from customers globally through their existing payment processes, without the need for additional integrations or new gateways.
By default, businesses can receive local currency with no foreign transaction fees, allowing them to choose whether to claim USDC directly into their wallets.
Stripe’s integration will enhance the crypto payment experience, offering greater flexibility in managing funds and ensuring security for firms.
Details of the Shopify x Coinbase x Stripe Collaboration
The new launch provides merchants with a stable currency due to USDC’s 1:1 backing by USD reserves. This stability ensures that merchants can exchange USDC safely and reliably, supporting both buyer and seller wallets in managing digital currencies.
Integrating stablecoins will help accelerate the adoption of this payment method while providing access to global markets. It offers customers more services and benefits, facilitating borderless commerce and compliance with industry regulations.
For further details, visit the official press release:
Link