Crypto.com, a fastest growing cryptocurrency platform in the world, said Shopify merchants can now enable Crypto.com Pay on their online stores. It offers customers more methods to make purchases with cryptocurrency. Shopify merchants using Crypto.com Pay will enjoy 0% billing fees for one month.
Shopify and the world of cryptocurrency.
This is not the first time that the Canadian e-commerce company Shopify has entered the world of cryptocurrencies. It recently partnered with crypto payment platform Strike to help merchants. This allows US merchants to profit from their sales more quickly.
The market down but the company remains optimistic about the use of cryptocurrencies. Their view is that 25% of the world’s population has access to BTC through their platform. Shopify even has a division focused on blockchain technology, and its chief, John S. Lee, celebrated the new partnership with Crypto.com.
John S. Lee said that:
“We’re excited to help Shopify merchants provide customers with another quick and convenient way to pay for their online orders. Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods in their storefronts, helping to further expand what is possible in commerce. »
Crypto.com Pay integration with Shopify.
Shopify merchants can accept cryptocurrency as a payment method by integrating Crypto.com Pay with Shopify.
Shopify, the Ottawa-based e-commerce platform giant, is quietly rolling out crypto-related features to its platform. The crypto.com partnership is just the latest move by merchants to accept cryptocurrencies.
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This past month, Strike, an American digital payment platform based on the Bitcoin Lightning Network, announced its integration with Shopify. This allows Shopify merchants based in the United States (US) to receive bitcoin payments in USD from customers around the world.
Additionally, Shopify’s other cryptocurrency integrations include Coinbase Commerce and BitPay. Crypto.com claimed that after integrating with Shopify, it will waive a 0.5% settlement fee for all transactions within one month for Shopify businesses. The promotion is available to all traders who sign up for Crypto.com Pay until June 30.
With Crypto.com Pay, buyers can pay with over 20 tokens, including Bitcoin, Ethereum, Cronos, Shiba Inu, Dogecoin, and ApeCoin.
Crypto.com Pay allows merchants to instantly receive cryptocurrencies with no transaction fees using the Shopify integration. The company is making this real-time deal available to all crypto.com users, not just Shopify vendors.
Crypto.com also offers payout rewards for customers who pay with tokens. This reward is up to 10% during the promotion period.
This integration highlights Crypto.com Pay as the preferred cryptocurrency payment app for online merchants who want to accept cryptocurrency.
Crypto.com Pay and its features.
Created in 2016, crypto.com is a cryptocurrency trading application. Currently, it features over 250 cryptocurrencies and over 50 million customers in 90 countries.
Currently headquartered in Singapore and employs approximately 5,000 people in offices in the United States, Europe and Asia.
Since its launch in 2018, Crypto.com Pay has helped merchants like TIME Magazine, Ledger, and Coinzilla. He has helped platforms like WooCommerce to enter the global crypto economy to accept cryptocurrencies on their sites.
Crypto.com provides over 50 million users worldwide. Crypto.com Pay allows merchants to instantly receive cryptocurrency without incurring transaction fees.
Additionally, transactions are real-time and available to all users of the crypto.com app. To facilitate the activities of paying merchants, crypto.com offers customers up to 10% cashback.
Crypto.com payment features:
- Zero transaction fees
- Only 0.5% settlement fee -80% savings compared to typical payment processors
- There are no setup fees and merchants can be onboarded in minutes.
- Customers can pay with more than 20 tokens.