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Shopify: thousands of crypto accepted as payment - The Cryptonomist


en.cryptonomist.ch 2020-05-22 06:44
Reading time: ~2 m

As recently announced by CoinPayments, a platform that allows merchants to accept various crypto assets, it will now also be possible to use cryptocurrencies as a payment method on Shopify.

This collaboration came after a beta phase that started last year and resulted in the official announcement of this partnership which will allow CoinPayments to be integrated as a payment solution by the various retailers who have a store on the Shopify platform.

1,800 crypto assets on Shopify

The range of cryptocurrencies that retailers will be able to use thanks to this new partnership is really impressive: we are talking about 1,800 different crypto assets, all managed through the CoinPayments interface.

This will allow, among other things, to satisfy everyone and to reach users from all over the world, as it will no longer be necessary to go through annoying traditional payments with their long management times, high fees and third parties involved.

This is an unstoppable combination, said CoinPayments CEO Jason Butcher:

“The combination of Shopify and CoinPayments is unstoppable in the payments industry. By bringing our easy-to-use global crypto payments platform together with Shopify’s extensive merchant base, we look forward to delivering a seamless process for anyone looking to do business using cryptocurrencies. As leaders in ecommerce and crypto payments, our combined expertise reflects the future of business transactions.”

Shopify in the Libra Association

It is also worth mentioning that Shopify is not new to the crypto sector, on the contrary, it has recently joined the Libra Association to support this project from the inside.

With this integration, it seems that the gap between crypto users and merchants is getting narrower and narrower, thanks to simple and intuitive solutions like this one.

The crypto community has always wondered how to spend cryptocurrencies in everyday life and the novelty introduced by Shopify is one of the solutions to this problem. 


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