Just over six months after Shopify partnered with Coinbase, payments using USDC on Base via the integration remain only a small fraction of the e-commerce giant’s activity.
The integration, announced in June of last year and involving Shopify, Coinbase and Stripe, allows merchants at Shopify to accept USDC payments settled on Base. The payments are settled via the Commerce Payments Protocol, an open source protocol developed by Shopify and Coinbase and launched at the time of the integration.
So far, however, adoption appears relatively low. According to data from blockchain analytics platform growthepie, since June, just $1.2 million in USDC payments on Base has been processed from about 3,200 customers across 5,700 merchants via the Commerce Payments Protocol.
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