Coinbase Commerce Provides Encrypted Payments For Sotheby's

Sanchan Saxena, VP of Ecosystem In the next step towards the generalization of cryptocurrency, Sotheby's announced that it will accept bitcoin and ethereum for Banksy's Love is the Air at its contemporary art night auction. Coinbase has been chosen as Commerce integration partner. With a custom solution, Coinbase will support estimated eight-digit payments on the Sotheby's website and help manage price fluctuations. The May 12 auction will be in USD, but both the buyer and the artist will have the option to trade in crypto or fiat currencies. “Coinbase is proud to offer Sotheby's an advanced payment solution backed by our high liquidity and expertise in cryptocurrency trading,” said Sanchan S Saxena, Vice President of the Ecosystem. "This is an example of a business that has evolved to serve crypto consumers going forward with their customer base." The new integration with Coinbase paves the way for greater cryptocurrency adoption in Sotheby's auctions. “Leveraging the Coinbase Trust Exchange is a natural progression and part of our commitment to developing new ways to improve the shopping experience for our customers and grow our customer base by meeting where they are. find it, ”said Stefan Pepe, Sotheby's CTO. As cryptocurrency adoption continues to increase, we continue to partner with major e-commerce platforms. For more information on Coinbase Commerce, click here. Coinbase Commerce Enables Crypto Payments for Sotheby's, originally posted on The Coinbase Blog on Medium, where people continue the conversation highlighting and commenting on this story.

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