https://www.profitconfidential.com/cryptocurrency/litecoin/ltc-price-forecast-paypal-coinbase-commerce-litepay/To avoid feeding more fodder to these speculators, we’ll be focusing on a fundamental development this week. If you’re an LTC HODLer, this should be music to your ears.
The largest crypto trading platform in the U.S. and quite easily one of the largest in the world, Coinbase, has just launched a PayPal-like service, which will make cryptocurrency payments as easy as pie.
The service will accept transactions in only four cryptocurrencies for now. Litecoin is one of them. And here’s the best part. It integrates with Shopify Inc (NYSE:SHOP).
Allow me to explain why this may be a bigger deal than LitePay.
The service, called “Coinbase Commerce,” will allow businesses to accept cryptocurrencies seamlessly and securely. Consumers will be able to checkout via Coinbase Commerce without having to go through the hassle of entering private keys or credit card numbers. The payments process is made as simple as ABC to allow anyone with little to no understanding of cryptos to easily pay with Litecoin at hundreds of online stores.
The service comes with the added bonus of Shopify. The e-commerce platform, which hosts thousands of other e-commerce web sites and online stores, will provide them the option to add Coinbase Commerce as one of the payment options (just like PayPal) with a few simple clicks.
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Back in December, Lee had hinted that he would announce a major partnership with a merchant processor in 2018. Turns out, he was talking about Coinbase Commerce and not LitePay.
While we are equally bullish on LitePay, we are now counting on Coinbase Commerce to be the real game changer.
