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Jakarta, Pintu News – Shopify has announced a partnership with Coinbase and Stripe to integrate payments using the USDC stablecoin across its platform.
This collaboration is Shopify’s most ambitious foray into crypto yet, putting it at the forefront of the stablecoin revolution in the e-commerce industry.
Unlike previous crypto integrations that relied on third-party plugins and required merchants to manually select, Shopify’s latest USDC payment system will be enabled by default.
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According to a report from Fortune, merchants who don’t want to accept stablecoins will have to manually change their settings.
This opt-out approach confirms Shopify’s commitment to popularize crypto payments, making them as easy as traditional payment methods.
To ensure transactions go smoothly, Shopify and Coinbase jointly developed a payment protocol on top of Coinbase’s proprietary blockchain, Base.
The system is designed to handle retail-specific challenges such as refunds andchargebacks, while integration with Stripe guarantees seamless compatibility with Shopify’s existing financial infrastructure.
To encourage adoption, Shopify will incentivize up to 0.5% cashback for merchants in the US and selected markets for every transaction using USDC.
In the future, consumers who make payments with USDC will also get cashback rewards, further motivating the use of stablecoins for everyday purchases.
Shopify’s move reflects a broader trend among tech giants that are starting to adopt stablecoins due to their speed, low fees, and cross-border nature.
Companies like Meta, Apple, and Google are also exploring crypto integration, while regulatory developments point to growing institutional acceptance.
As Coinbase’s Jesse Pollak points out, this Shopify initiative could trigger a domino effect that accelerates crypto adoption in the e-commerce space.
This partnership not only cements Shopify’s position as a pioneer in digital payments, but also sets a new standard in how businesses and consumers transact in the decentralized economy.
With USDC at the center, the future of online shopping will be faster, cheaper, and more inclusive than ever.
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Executives from the companies involved in this collaboration responded positively.
Shopify CEO Tobi Lütke confirmed the partnership and added that early access has already begun, with a full launch planned for later this year.
Jen, one of the executives at Stripe, emphasized that platforms using Stripe Connect can now offer payments with stablecoins, and Shopify is leading the way.
Base’s official account on platform X also confirmed the integration, mentioning that millions of stores on Shopify will soon accept payments using USDC.
Circle’s CEO and co-founder, Jeremy Allaire, called this move a “big step towards mass adoption of stablecoins.”
Circle itself is in the positive spotlight today after their stablecoin, USDC, was officially launched on Ledger’s XRP network.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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