Coinbase (Courtesy: Twitter)
Latest News

Coinbase To Allow Easy Crypto Conversion

Coinbase (Courtesy: Twitter)
Coinbase (Courtesy: Twitter)

According to an official blogpost, Coinbase will now allow covert crypto on “Connecting the cryptoeconomy will enable our customers to do more with their crypto, whether it be sendingborrowingearning, or spending. With Coinbase Commerce, we’re building the most trusted and secure way for merchants anywhere in the world to accept cryptocurrency payments, and in turn enabling more ways for customers to spend their crypto,” the official blog said.

Starting today, all Coinbase Commerce customers can easily connect their accounts to sell their crypto for a more stable store of value. Many customers have been requesting a faster way to convert their crypto payments, and until today, Commerce merchants needed to transfer their crypto to an exchange prior to selling their crypto for cash or stablecoins. Now merchants can easily convert their crypto payments into USD, EUR, GBP, or USD Coin (our US Dollar-backed stablecoin) without leaving the Commerce product, the blog added.

Getting started is simple. First, merchants can connect their accounts to their Commerce accounts. For merchants who predominantly use Coinbase Prime or Coinbase Pro accounts, those connections are coming soon.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.