Chainalysis Integrates Coinbase Commerce to Allow Clients to Pay with Digital Assets

The team at Chainalysis are pleased to announce that they’ve integrated Coinbase Commerce so that their customers can conveniently settle their invoices using a wide range of digital assets.

By offering this new payment option, they are “supporting the evolving needs of our customers, particularly in the rapidly growing DeFi sector.”

This new integration allows them “to streamline the payment process for many of our customers, eliminating traditional barriers and reducing the friction associated with fiat transactions.”

With Coinbase Commerce, Chainalysis customers from all over the world “can pay using a growing number of cryptocurrencies.”

The integration of crypto payments is “particularly advantageous for customers who primarily operate within decentralized networks and rely on cryptocurrencies for their financial activities.”

These customers can now conveniently “settle their invoices without the need for fiat conversions or traditional banking services.”

Rakib Azad, SVP Finance, Chainalysis, said:

“We recognize the unique needs of DeFi participants and are excited to support their operations by accepting a wide variety of digital assets. This development demonstrates our dedication to fostering the continued growth and innovation of the DeFi industry.”

Will Robinson, Coinbase VP of Engineering, said:

“Through this integration with Coinbase Commerce, Chainalysis customers can use cryptocurrency to pay for a wide range of crypto-related services, streamlining their operations. Cryptocurrency has the potential to create more economic freedom for every individual and business in the world. This collaboration is another step towards that vision.”

Chainalysis customers interested in paying using Coinbase Commerce should “reach out to their Chainalysis account representative.”

In another recent update shared by Chainalysis, it was noted that on June 1, 2023, South Korea’s Ministry of Foreign Affairs (MOFA) sanctioned Kimsuky, a North Korean hacking group, and included two cryptocurrency addresses as identifiers for the organization.

Additionally, MOFA collaborated “with South Korea’s National Intelligence Service (NIS) and National Police Agency (NPA), as well as the United States’ Federal Bureau of Investigations (FBI), Department of State, and National Security Agency (NSA) to issue a joint advisory on related North Korean cyber espionage activities.”

Active since at least 2012, Kimsuky is “a North Korea-based cyber espionage organization that is known to have stolen technologies related to weapon and satellite development, and foreign policy information on behalf of the North Korean government.”

Kimsuky’s intelligence collection operations “have targeted governments – most notably the South Korean government – political organizations, and academic organizations.”

Additionally, Kimsuky has “used scams, theft, cryptojacking and sextortion tactics on civilians, likely for the purpose of self-funding.”

For more details, check here.

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