Coinbase Commerce is introducing an updated experience, built on top of our new open source Onchain Payment Protocol, to simplify and standardize onchain payments. This enhancement offers merchants volatility-free payments, low transaction fees, and instant settlement across hundreds of currencies, available on Base and other EVM networks.

At Coinbase we believe that onchain is the new online. Just like the internet broke down barriers, democratized access to information and made knowledge universally available, we believe crypto is doing the same with broader access to financial services and commerce. A big next step in our vision is to make payments faster, cheaper, and global. Today we are announcing a large update to our Coinbase Commerce product, now built on top of our new open source Onchain Payment Protocol, which offers instant settlement, low fees, and broad asset support to improve the payment experience for merchants and their customers. 
Thousands of merchants globally have trusted Coinbase Commerce to accept billions of dollars in onchain payments. Yet, merchants often struggle with crypto volatility, while consumers find the payment experience daunting. Our updated Commerce product solves these challenges by providing a more seamless experience designed to tackle common crypto transaction issues. Commerce enables anyone with an internet connection an easy way to accept payments from customers around the globe.
Central to this product update is our Onchain Payment Protocol, a universal standard we've developed to unify and simplify onchain payments. This solution ensures clarity, reliability, and a consistent experience for all users, irrespective of their platform or wallet choice. We've made this protocol open source, allowing other payment processors and businesses to build upon it and promote accessible, user-friendly gateways to onchain payments. 
What does this enable for merchants?
For merchants, this update offers numerous benefits to both their business and customers. A single setup and easy integration enables merchants to facilitate onchain transactions, enjoy volatility-free payments, benefit from low transaction fees, and receive instant settlement in hundreds of crypto assets. 
Easy onboarding and processing: Accept your first payment in minutes with simplified onboarding and out-of-the-box integrations with platforms like WooCommerce, Primer, and Jumpseller.Volatility-free conversions: The protocol automatically converts your customer's chosen currency to USDC at a guaranteed rate, streamlining accounting and operations for your business.Hundreds of currencies, one integration. Let your customers pay with their preferred wallet and currency across Base, Ethereum, and Polygon, with more network support coming soon. Instant payment settlement: Receive funds directly in your wallet of choice while ensuring instant, error-free payments with lower decline rates and chargeback risks compared to traditional payment methods.
What does this enable for customers?
Commerce delivers dependable and accurate payments, ensuring the right amount of funds are transferred on the correct network every time. Say goodbye to payment blunders and hello to seamless, secure transfers. 
Hundreds of currencies, multiple wallets. Customers can pay with their preferred wallet and currency across Base, Ethereum, and Polygon. Pre-configured payment. Commerce shares payment information directly with their wallet, removing any need for manual data entry. Retail payment support. Commerce enables seamless checkout in just a few clicks for Coinbase’s millions of verified users.Instant payment confirmation. Real-time transaction validation for immediate assurance.
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Disclamer: This article is for informational purposes, we are not involved with 3rd parties nor are we involved in redirecting readers to another platform.
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Speed and ease of use are crucial for online transactions in today's fast-paced digital world. Whether you run an e-commerce business or simply want to make quick online payments, having a reliable payment gateway that guarantees fast and seamless transactions is important. Here are seven efficient payment gateways that offer fast transaction times and support cryptocurrency. #transactions

PayPal: PayPal is one of the most recognized and trusted payment gateways globally. It offers fast currency conversions and a simple user interface, facilitating quick deposits and shopping processes. PayPal also allows users to buy, sell, and hold specific cryptocurrencies, providing a convenient way to access both traditional and cryptocurrency transactions. #PayPal

Stripe: Stripe is a popular payment gateway that offers a range of services for fast and secure online transactions. With its enhanced payment process, customers can quickly complete their purchases, reducing cart abandonment rates. Stripe supports seamless payment processing with fiat currencies worldwide. #Stripe

Square: Square is known for its adaptability and capacity to expedite transactions. It offers various features, including an integrated point-of-sale system and online payment processing. Square users can buy and sell Bitcoin through its subsidiary, Cash App, enabling quick and easy cryptocurrency payments.

Braintree: Braintree, owned by PayPal, prioritizes fast and secure transactions. With its user-friendly interface and easy integration options, businesses can process payments swiftly. Braintree also offers integration options with select third-party payment processors focused on crypto payments.

Authorize.Net: Authorize.Net is a widely used payment gateway that accepts multiple payment options and employs robust fraud detection technologies. It offers fast transaction processing and integration possibilities with various payment processors and gateways focused on crypto payments.

Amazon Pay: With Amazon Pay, customers can quickly transact on participating websites using their Amazon account information. Although Amazon Pay doesn't directly support cryptocurrencies, it provides a seamless payment experience with faster transaction times using traditional fiat currencies.

Skrill: Skrill is a global payment network that facilitates fast and secure international transactions. It supports over 40 different currencies and offers features like one-touch payments and fast money transfers. Skrill users can also buy, sell, and hold several cryptocurrencies in their wallets, providing an efficient alternative for online transactions. #Gateways

In summary, these seven payment gateways offer fast transaction times and user-friendly experiences, enabling businesses and individuals to establish reliable payment infrastructures. Some of them also support cryptocurrencies, allowing users to access both traditional and digital currencies from the same platform, expediting their transactions. These payment gateways are powerful and effective options for anyone looking to expedite their online transactions. #payments