Shopify deal with CoinPayments means commercial payments in 300 cryptocurrencies


CoinPayments, a cryptocurrency broker, has announced that it has concluded an agreement with Shopify that will allow merchants to receive payments using 300 different cryptographic options through their e-commerce platform.

Here is the relevant tweet:

You can find more information about the Coinpayments and Shopify agreements on this page.

Judging by some of the buzz on social media, there is no doubt that many of the cryptocurrency enthusiasts are very enthusiastic about this development. Although we do not immediately anticipate a significant increase in merchants using cryptocurrencies for online retailing. But it could change in the future and the technology will become more familiar to a larger population.

Magento e-commerce provider is also involved in the trend. Now you can integrate your Magento 2 store with one of the most famous cryptocurrencies in the world: WAVES. They say this will help traders to expand their business internationally by providing customers with a fast, secure and transparent payment method. The WAVES do not promise fraud, no chargebacks, minimum transaction fees and quick processing in what they expect will become the future of e-commerce payments.

Among the great players, neither eBay nor Amazon have done their utmost to allow cryocrasions as a payment option on the market. Now they are both holding a briefing. Amazon has filed some patents related to the trend, although it has not made any commitments. eBay is also looking into the possibilities and the future transition to the Adyen platform could offer them more options but it will not be in full swing until 2021. PayPal has also shown interest, but the company's comments have been decidedly skeptical.

But if the markets adopt cryptocurrencies it is really at the merchants' height. Am I something you're interested in?

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