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Coinbase launches dynamically generated payment buttons

Abhishek Anil

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Coinbase launches dynamically generated payment buttons
Source: Maxpixel

Coinbase commerce API which was launched in February 2018 has announced that starting today, ‘APIs can be dynamically generated instead of manually creating payment buttons on hosted pages to accept cryptocurrency payments’.

The Coinbase Commerce API can be used to dynamically create charges. When a charge is created, APIs generate payment addresses on the users’ behalf for each cryptocurrency that is enabled and provide the user with a hosted page that they can send to customers to complete the payment.

To receive payments unlike credit cards where merchants must obtain payment credentials in order to charge a customer, cryptocurrencies is like digital cash which relies on the customer explicitly sending money to the merchant.

After a charge is created, Coinbase Commerce will continuously monitor each blockchain network for a payment. Since cryptocurrencies are push payments, an expiration time is set for the charge which is 15 minutes after the creation time. If the customer does not make a payment within that time frame, the charge is considered to be expired.

Once a payment has been sent, the dashboard is updated with the payment information. To access more information about the payment, the charge is retrieved by supplying the unique charge code that was returned when the charge was created.

These developments have brought positive feedback from the users. A tweeter tweeted:



“This is actually a very good news, if the API allow to be integrate as a payment option on any ecommerce then to pay in any currency we have on our coinbase account, including fiat, it will really be a game changer.”

This has a wide variety of applications such as embed payment buttons which allows users to accept cryptocurrency on their website with minimal coding. By creating hosted pages, they are publicly accessible to checkout pages that can be shared with anyone.

A Twitter user tweeted:

“It’s fun to watch Coinbase trying to stay relevant in a fast changing world….people want access to more coins, not APIs or indexes.”





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Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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