Coinbase, as well as the Primer... A Marriage Made in Heaven?
Coinbase Commerce, which serves as the merchant side of the digital currency network, is the one responsible for enabling the feature. In a recent interview, Roy Zhang, group product manager at Coinbase Commerce, provided the following explanation:
Consumers are expressing a significant level of excitement for crypto payments at a time when the payments ecosystem is rapidly undergoing change, and this excitement is growing. The problem that merchants confront is developing seamless checkout experiences that provide customers with the freedom they seek. Because Coinbase Commerce and Primer are working together, any retailer can make safe cryptocurrency payments just as readily available to their customers as conventional payment options such as credit cards.
Gabriel Le Roux, one of the co-founders of Primer, added his two cents to the discussion by stating as follows:
We are excited to integrate Coinbase Commerce into Primer's universal checkout to create the first solution that enables merchants to easily and quickly accept cryptocurrencies. Cryptocurrencies are a reality that is rapidly evolving in the payment landscape, and we are excited to integrate Coinbase Commerce into Primer's universal checkout. We both have the goal of making cryptocurrency a widely used form of payment, and we want to assist merchants in integrating it into their businesses with the same degree of simplicity and rapidity that they do with any other kind of currency. With Primer's one-of-a-kind connection that does not require any coding, retailers located anywhere in the world can now add cryptocurrency payments to their checkout in a matter of mouse clicks.
Commented Primer's Head of Sales for the Asia Pacific Region, Kailash Madan:
The increasingly digital economy of the region gives a massive opportunity for expansion, and Asia Pacific is quickly emerging as a forerunner in the adoption of cryptocurrencies on a worldwide scale. Because more customers are interested in making ordinary transactions with bitcoin, the integration of Primer with Coinbase will make it possible for business owners to take advantage of the enormous growth potential offered by cryptocurrencies.
At the time of this publication, one of the first businesses to take advantage of the partnership is Compass Mining, which is among the most successful mining companies for digital currencies in the world. Through its long-standing relationship with Primer, the company was able to establish a connection to the cryptocurrency exchange Coinbase. The company claims that over the course of the past four months, it has seen high crypto authorization rates and very little decline in those rates.
Making Payments Convenient for Everyone
The Chief Strategy Officer at Compass, James Nunney, was quoted as saying:
Within the Primer platform, the ease with which new connections can be added quickly, such as those to Coinbase Commerce and other payment providers, is one of our favorite features. We are confident that this implementation will play a significant role in assisting us in achieving our objective of expanding our presence across the globe and assisting a greater number of individuals in gaining knowledge of, exploring, and mining bitcoin.
Throughout the years, crypto assets have been known for their high degree of speculative value. Despite the fact that they have recently taken on a new form as possible hedges against inflation and other similar economic problems, their original purpose was to serve as payment methods for individuals who desired to achieve financial autonomy and independence from banks.