Crypto Just Hit Global Commerce

Originally published on Paragraph.

Crypto Payments Going Mainstream

After last week’s announcements at the State of Crypto Summit, it’s no longer acceptable to say that “crypto has no real world use cases” or “no one uses crypto except for speculation.”

161 million people already use stablecoins to make their day-to-day lives better, and millions of merchants and billions of users on Shopify will soon be able to process USDC payments and get 1% cash back on Base.

Why Crypto Payments Matter

Crypto payments are faster (payments on Base settle in 200 milliseconds even across international borders), cheaper (transaction fees on Base are less than $0.01), and more globally accessible (anyone with an internet connection can transact on Base) – all without intermediaries (Base is a shared ledger that enables different systems to reference the same source of truth).

The infrastructure to power a global onchain economy is finally ready, and crypto is quietly being woven into the fabric of our daily lives.

Want to try it yourself? Pay with crypto is now live on the Coinbase Shop, powered by Shopify: coinbaseshop.com