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Cheapair.com could start using Bitpay in order to process bitcoin payments. Why? Because Coinbase is terminating the merchant processing solution that allowed Cheapair.com to accept cryptocurrencies. Moreover, the company announced that they have additional plans for virtual currencies.

Cheapair.com Could Use Bitpay

In order to keep accepting crypto payments, Cheapair.com could start working with the payment processing company Bitpay. Coinbase has decided to get out of the business by the end of the month, and enterprises are searching other solutions not to lose their crypto customers.

At the moment, Cheapair.com stills use Coinbase to process payments in Bitcoin. Jeff Klee, CEO of Cheapair.com, explained about this situation: 

“We were recently informed by our processing partner, Coinbase, that they will no longer support ‘custodial’ solutions for merchants, and are removing a number of the tools and features that we rely on to accept bitcoin from Cheapair.com shoppers. These changes are scheduled to occur in a matter of weeks.”

The arrangement between Cheapair.com and Coinbase will end by the end of the month and the flight booking company will not be able to keep accepting bitcoin payments if it does not arrange with another company like Bitpay. At the same time, Cheapair.com wants to accept new cryptocurrencies including Litecoin, Bitcoin Cash, and Dash, offering more choices to customers from all over the world.

Coinbase Commerce

Coinbase has decided to announce its new service known as Coinbase Commerce in order for merchants to accept cryptocurrencies as a means of payment.

Coinbase explained in a blog post:

“Coinbase Commerce is a new service that enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Our mission at Coinbase is to create an open financial system, so we’ve designed this solution to serve merchants worldwide. Unlike previous merchant products we’ve offered, Coinbase Commerce is not a hosted service, so merchants have full control of their own digital currency.”

According to the crypto company, Coinbase can be integrated into a merchant’s checkout flow, or even included as a payment option on an e-commerce platform. Some websites like Shopify have already integrated with Coinbase Commerce in order to keep their operations.

This is not the first time an enterprise decides to stop accepting bitcoin payments due to the changing product offered by Coinbase. Reddit announced some time ago that they are not able to accept Bitcoin anymore due to the fact that Coinbase changed its payment platform.

“The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option,” explained emoney04, a Reddit user.

Join the conversation over at Telegram (https://t.me/coinstaker)

Image Courtesy of Cheapair.com

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