CoinPayments and Shopify join forces to offer a crypto payments solution
By Bob Garcia
The eCommerce platform is getting a boost through the additional payment options
Another global cryptocurrency company has closed a partnership deal with the major online shopping platform Shopify to deliver a cryptocurrency payment solution. This new collaboration between CoinPayments and Shopify will make the crypto payments processing platform available to all merchants using Shopify, which continues to increase the list of digital currencies it can process. The company is ready to launch this new service as it was already tested successfully back in 2019.
Under this new agreement, CoinPayments will become visible in the Shopify platform, which will automatically make crypto transactions easier and more accessible to users, even reducing transaction fees. This also means that merchants can look into receiving faster payments using any of the 1,800 virtual currencies supported by the CoinPayments platform, as well as expanding its reach into new global markets.
“The combination of Shopify and CoinPayments is unstoppable in the payments industry,” said CoinPayments CEO Jason Butcher. “By bringing our easy-to-use global crypto payments platform together with Shopify’s extensive merchant base, we look forward to delivering a seamless process for anyone looking to do business using cryptocurrencies. As leaders in e-commerce and crypto payments, our combined expertise reflects the future of business transactions.”
This is not the only strategic partnership CoinPayments is planning. The company announced that it will expand the platform’s simple and secure crypto payments to more and new merchants. This is a major step for the crypto industry as CoinPayments is the first and largest payments processor with more than $5 billion in total transactions to date, and it is the go-to platform for merchants and eCommerce platform providers worldwide.