A brand new plugin from Coinbase will make it possible for users of a number of high profile cryptocurrencies to make instant payments on e-commerce sites. The plugin works in much the same way that PayPal offers an alternative payment option on many e-commerce sites.

Coinbase has quickly established itself as one of the largest cryptocurrency exchanges in the world, and a move such as this is a great boon to the entire industry, as anything that makes it easier for users to make payments and transactions with digital currencies will assist its long-term growth.

Digital currencies that will be enabled on the new platform include, Bitcoin, Bitcoin Cash, Litecoin and Ethereum. The payment process will work with just one click (the same as with using PayPal as payment on a website) and will remain decentralised due to it acting as a wallet that sits on top of your browser.

Increasing the speed of transactions is an issue that is plaguing cryptocurrencies across the board. With more users on the blockchain, there have been increasing times and fees on transactions, especially with Bitcoin. Changes such as this plugin will add to the user experience.