Coinbase Launches “Coffee Days” To Bring $1 USDC Stablecoin Payments To Coffee Shops
Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.
Stablecoins are on the rise, becoming one of the most widely used forms of crypto payments to date.
This has become evident as major payment service providers like Stripe have recently announced support for USDC.
It’s also notable that the total stablecoin market capitalization currently sits at above $164 billion, which is up 26% from the beginning of the year.
Given the soaring popularity of stablecoins, it shouldn’t come as a surprise that new payment use cases are beginning to emerge.
Most recently, crypto exchange Coinbase launched “Coffee Days,” which is an initiative to bring USDC payments to local coffee shops around the world.
Chintan Turakhia, Senior Director of Product Management for Coinbase Wallet, told Cryptonews that during Coffee Days (which runs until end of August) participating shops will offer $1 cold brew or iced latte drinks when customers pay with USDC via the Coinbase wallet.
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“Customers at participating coffee shops can redeem a free cup of coffee by getting onchain,” Turakhia said. “Drinks are then $1 when customers pay with USDC at these coffee shops.”
Currently, there are 10 coffee shops participating in Coffee Days – most are located in the United States, Toronto and Berlin – but Turakhia mentioned that more shops may be added over time.
“The motivation behind this initiative is to make it simple and delightful for users to pay with USDC using the Coinbase wallet,” he added. “We frequent coffee shops all the time and now we are
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