Coinbase Is Using Ethereum's (ETH) Latest Upgrade To Help Merchants To Adopt USD Coin (USDC)

Coinbase Commerce, a special platform designed by Coinbase to be used by merchants, is using Constantinople, Ethereum’s most recent upgrade, to let its retailers use USD Coin (USDC).

The platform, which helps investors who want to receive crypto payments, has recently added USDC, which is based on the Ethereum technology. Bojan Joveski, a software engineer of the company, has recently affirmed that it was a new ETH feature that made this possible.

According to him, the new CREATE2 feature was added during the Constantinople update and made it possible to use smart contracts in other situations and to save costs, which helped in order to make USDC usable on the platform. CREATE2 can diminish gas costs for using USDC, which enables the company to let clients use the token without having to pay any extra fees.

CREATE2 was proposed by the founder of the ETH network, Vitalik Buterin. It was initially named Ethereum Improvement Proposal 1014 and it was focused on the development of new smart contracts, especially smart contracts that will be deployed in the future and need a lot of variables in order to work well.

This prompted the company to use USDC on the platform. In case you do not know, USDC, which was developed by Circle, is a sort of official Coinbase stablecoin. Obviously, there are huge advantages to using your own token on your platform, especially because it boosts its adoption.

While most payments are made on Bitcoin and Tether (USDT) these days, this could help the token to carve its niche more effectively.

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Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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