COINBASE COMMERCE PAYMENT PROTOCOL POWERING SHOPIFY

Summary from the TLDR Crypto newsletter

Coinbase and Shopify have launched the Commerce Payments Protocol on Base, enabling trust-minimized, multi-step payment flows that meet the needs of real-world commerce. The protocol introduces a smart contract-based escrow system that supports operations like authorize, capture, refund, and void, bringing the flexibility of traditional payment systems to onchain transactions. It also introduces the concept of operators as trusted entities that facilitate transactions without compromising user intent or security. Now powering USDC payments across Shopify merchants, this open protocol lays the groundwork for scalable, composable crypto commerce accessible to developers worldwide.