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Sotheby's collaborates with Coinbase to accept cryptocurrency for Banksy painting in contemporary art auction Banksy, Love is in the Air. Estimate $3/5 Million. NEW YORK, NY .- In a world first for a fine art auction house, Sotheby’s announces an innovative new payment option in which, for the first time at a major auction house, Bitcoin (BTC) and Ether (ETH) will be accepted as payment for a physical artwork. This groundbreaking development will be made possible thanks to a collaboration with Coinbase, one of the world’s largest cryptocurrency exchanges. Fittingly, the pairing brings toget...

Auction house Sotheby’s is now accepting the two largest cryptocurrencies

Sotheby's said the decision to accept cryptocurrency for physical payment followed on from the recent success of 'The Fungible' Collection – the sale of non-fungible tokens bestowing ownership of digital artworks from designer Pak, which saw bids from more than 3,000 collectors, most of whom were first-time buyers with the auction house. Its decision to accept cryptocurrency via Coinbase Commerce, a method for businesses to handle crypto payments, "marks an important next step", the auction house said in a statement. The Banksy painting has an estimate of $3 million-$5m for the auction, whi...

Coinbase Selected by Sotheby’s to Facilitate Crypto Payment at Contemporary Art Evening Auction May 4 2021 · 18:53 UTC by Steve Muchoki · 2 min read Photo: Depositphotos You have successfully joined our subscriber list. Coinbase is estimated to facilitate payments of up to 8-figures on Sotheby’s website during the auction period. Coinbase Global Inc (NASDAQ: COIN) announced that it was selected to facilitate payments by Sotheby’s during the Contemporary Art Evening Auction. Notably, according to Sanchan Saxena, Vice President Ecosystem, Coinbase Commerce will enable the firm to acc...

Solar Integrated Roof Corp.: Solar Integrated Roofing Now Accepts Cryptocurrency Payments Subsidiary Cornerstone Construction Testing Cryptocurrency Payments to Reduce Fees and Potential for Fraud or Chargebacks EL CAJON, CA / ACCESSWIRE / April 27, 2021 / Solar Integrated Roofing Corp. (OTC PINK:SIRC), an integrated, single-source solar power and roofing systems installation company, today announced it has selected Coinbase Commerce as a cryptocurrency partner and has completed the technical and financial integrations to begin testing the acceptance of cryptocurrency payments from customers ...