In a move that seems highly centered towards utilizing cryptocurrency for e-commerce, Vancouver-based crypto broker, CoinPayments announces a done deal with one of America's most prominent online merchant platform, Shopify. Under the secure and adaptive payment system within CoinPayments, Shopify hopes to combine the leading technology to help bridge the gap between legacy payment solutions and decentralized platforms.
In a tweet sent out through the official CoinPayments platform, the CEO Alexander takes times to implicate more details on the partnership with the alliance enabling Shopify to now accept over three hundred cryptocurrencies in exchange for products and service. Ultimately, the CoinPayment’s announcement brings the much-needed enthusiasm for cryptocurrencies, with particular emphasis on the number of businesses that Shopify controls that are well over 600,000.
— CoinPayments (@CoinPaymentsNET) May 18, 2018
Here's the relevant tweet from CoinPayments
“CoinPayments has partnered with Shopify, enabling merchants to accept over 300+ cryptocurrencies in sell for goods. The @Shopify formation is now live, and any store can easily supplement CoinPayments as a remuneration option. Happy Shopping!”
Should the Shopify and CoinPayments alliance excite you?
With Shopify acting as multichannel commerce platform for the online stores, the CoinPayments integration will work to ensure a seamless global system to process the crypto payments and ultimately improve e-commerce. Finally, here is more on the potential of the combination
- Shopify already provides for over 100 payment gateways to accept payments and to integrate CoinPayments only adds to the legitimacy and the worldwide acceptance of bitcoin and altcoins
- With Shopify having over 600,000 businesses using its e-commerce service, combining the CoinPayments feature could surely propel Shopify to become a global leader in e-commerce
- Shopify offers features which help manage and run the e-commerce store while the CoinPayments inclusion remains on a pure payment or transactional basis.
Accepting crypto payments in the Shopify stores?
It is evident that the Shopify and CoinPayments integration is generating quite a lot of buzz which most enthusiasts excited at the thought of the development. However, Shopify does not rank as the first of its good milestone as there are a significant number of merchant platforms already using crypto for online retailing.