Chainalysis has announced the integration of Coinbase Commerce into its payment systems. This new feature allows users to settle invoices with a diverse selection of digital assets, including a variety of DeFi tokens.

The Coinbase Commerce integration significantly smoothes the checkout process, removing the traditional barriers that come with fiat transactions. This innovative step means that Chainalysis customers around the world can now take advantage of an ever-growing variety of cryptocurrencies for payments.

This move will notably benefit those customers who predominantly operate within decentralized networks and rely on digital assets for their financial transactions. With this change, these customers can seamlessly settle their invoices without the need to convert to fiat currencies or use traditional banking services.

Rakib Azad, SVP of Finance at Chainalysis, underscored the company’s understanding of the distinctive needs of DeFi participants and expressed enthusiasm to support their operations by accepting a wide range of digital assets. “This development demonstrates our dedication to fostering the continued growth and innovation of the DeFi industry,” Azad said.

Coinbase VP of Engineering Will Robinson highlighted how the collaboration with Chainalysis and the integration of Coinbase Commerce align with his vision of creating more economic freedom through cryptocurrency. Robinson stated: “Cryptocurrency has the potential to create more economic freedom for every individual and business in the world. This collaboration is another step toward that vision.”

Chainalysis customers interested in making payments through Coinbase Commerce are encouraged to contact their Chainalysis account representative.

This move reflects the growing trend of companies increasingly adopting cryptocurrencies in their operations, marking another important milestone in the general acceptance of digital assets.