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Cryptocurrency payment processor CoinPayments announced Wednesday that it has formed a strategic partnership with global trading company Shopify (NYSE: SHOP). CoinPayments reported that the partnership will bring its crypto payment processing platform to all Shopify merchants as both companies seek to fuel wider adoption of digital currency payments.
CoinPayments also revealed that it will now be a visible payment option for merchants on the Shopify platform and will make cryptocurrency transactions easier and more accessible by reducing transaction fees.
Providers will now get paid faster in any of the 1,800 cryptocurrencies supported by CoinPayments, gaining access to untapped markets globally. This partnership also enables cross-border payments, allowing merchants to eliminate the hassle of working with multiple payment processors in different jurisdictions. “
Speaking of the partnership, the new CEO of CoinPayments, Jason Butcher said:
“By combining our easy-to-use global crypto payments platform together with Shopify’s large merchant base, we look forward to offering a seamless process for anyone looking to do business using cryptocurrencies. As the leader in cryptocurrency. e-commerce and crypto payments, our combined experience reflects the future of business transactions.
Founded in 2013, CoinPayments describes itself as a digital currency payment solution that allows merchants to accept Bitcoin and over 1700 altcoins in their store through easy-to-use plug-ins, APIs and POS interfaces.
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