- Coinbase Commerce discontinues support for native Bitcoin, Dogecoin, and Litecoin payments.
- Product lead Lauren Dowling cites consumer demand for an on-chain payments protocol as the reason behind the decision.
- The new Commerce product focuses on smart contracts and EVM technologies, supporting various assets across different platforms.
- Mishaboar, a prominent Dogecoin community member, expresses disappointment over the decision.
- Despite the setback, Dogecoin prepares for its upcoming upgrade, Dogecoin Core 1.14.7, scheduled for February 27.
Coinbase Commerce, a platform enabling merchants to accept cryptocurrency payments, is under fire for its recent decision to discontinue support for native Bitcoin, Dogecoin, and Litecoin payments. The move, announced by product lead Lauren Dowling, comes as a response to evolving consumer demands within the crypto space.
According to Dowling, the shift towards an open on-chain payments protocol, leveraging smart contracts and EVM technologies, prompted the change. The new Commerce product boasts enhanced functionality, enforcing payment details on-chain and supporting a wide array of assets, including native and ERC-20 tokens across Base, Polygon, and Ethereum networks.
However, the decision to drop support for native Bitcoin and other UTXO-based assets has met with criticism from various quarters of the crypto community. Mishaboar, a well-known figure in the Dogecoin community, voiced disappointment over the move, highlighting its impact on enthusiasts and holders of these coins.
Dogecoin Gears Up for Upgrade
Amidst the controversy, Dogecoin enthusiasts have something to look forward to with the upcoming release of Dogecoin Core 1.14.7. Scheduled for February 27, the upgrade promises fixes and useful updates for the popular meme-based cryptocurrency.
In a recent blog post, the Dogecoin Foundation outlined its objectives for 2024, focusing on enhancing existing projects, introducing new initiatives such as DogeBox, and fostering community engagement. Despite the setback from Coinbase Commerce’s decision, Dogecoin remains resilient, poised for continued growth and innovation in the ever-evolving crypto landscape.