Shopify Merchants Can Now Accept 1,800 Different Crypto's With CoinPayments Partnership

Shopify, the Canadian e-commerce giant, has added to its acceptable range of cryptocurrencies with a CoinPayments partnership. This milestone will enable Shopify clients to pay merchants in over 1,800 digital currencies as opposed to an earlier basket of only 300 based on its ongoing partnership with BitPay.

Notably, Shopify is also a member of the Libra association; the firm joined the Swiss-based organization in February, despite an exit by payment giants like Mastercard. This new partnership with CoinPayments shows that Shopify is indeed committed to the growth of global payments. A statement by the firm highlights that the integration will enable vendors,

“get paid faster in any of the 1,800 cryptocurrencies supported by CoinPayments.”

Shopify and CoinPayments Collab Value

Jason Butcher, the CEO of CoinPayments, has also echoed that Shopify is a good fit for their nature of operations. The Cayman Islands-based crypto payments processor is looking to drive crypto adoption according to email by its CEO to Cointelegraph. It, therefore, follows that Shopify presents this opportunity to expand with new products integrated into the platform,

“As they look to bring new features to their merchant base and CoinPayments works to drive cryptocurrency adoption globally, it makes sense to create an integration that enables easy, secure, and cost-effective transactions.”

Butcher added that the partnership has been in play for the past year but was yet to go public,

“The beta trial process involved a full functionality and security test with live merchant interactions before becoming publicly available to the entire Shopify platform.”

Crypto Wind Blowing in E-Commerce?

The e-Commerce sector has emerged among the few gainers amidst the COVID-19 pandemic. As the world went into lockdown, e-Commerce giants like Amazon and Shopify were left to cover the sudden surge in demand. Crypto on the other hand posed as an alternative to fiat currencies that are in physical form and could, therefore, spread the virus.

It comes as no surprise that payment providers like Mastercard and Visa are now collaborating with some crypto entities to issue debit cards (like Binance, Coinbase, and Fold App). This has since opened up the crypto market niche to industries that were previously skeptical of Bitcoin and its peers. Going by the industry developments, it is likely that more E-commerce giants will follow Shopify's approach if not launching their own crypto payment solutions.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Edwin Munyui
Edwin Munyui
Edwin is a FinTech enthusiast with a particular interest in blockchain technology and cryptocurrencies. He has worked as an author in the blockchain space since 2017 and enjoys creating content that both crypto veterans and newbies can understand. His simple writing style and financial market knowledge have made him a reputable fundamental and technical analyst with the ability to handle any topic around blockchain and crypto over the years.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

China’s Largest Mining Chip Maker, SMIC, Gains Regulator’s Approval On $2.8B IPO

One of China’s biggest semiconductor manufacturer, SMIC, announces plans to raise a $2.8 billion public sale IPO on the Sci-Tech Board of the...

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Poolin and BlockFi have formed a partnership as the latter aims to extend loans to the mining pool. Bitcoin (BTC) and mining equipment...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today