what's Commerce Payments Protocol?

Commerce Payments Protocol is an open-source onchain payments standard developed by Coinbase and Shopify to enable scalable, trust-minimized commerce transactions using USDC on the Base network. It supports complex multi-step payment flows such as authorizations, captures, escrows, and refunds directly onchain, bridging crypto's speed, low costs, and global reach with real-world e-commerce needs. Integrated into Shopify Payments for millions of merchants, it powers seamless stablecoin acceptance without volatility exposure via automatic conversions.

Commerce Payments Protocol processed over $1M in total payments.