Shop.com Enables Crypto Payments Through BitPay Partnership
- The BitPay crypto payment option will be available to Shop.com users in all countries Market America operates in.
- Customers will now be able to pay not only with BTC and ETH, but also with WBTC, DOGE, LTC, and five dollar-pegged stablecoins.
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E-commerce platform Shop.com has opened up the “next chapter in purchasing products” on its website through a partnership with crypto payment service provider BitPay, Bitcoin.com reported on 3 September.
The comment was made by Steve Ashley, the president of Shop.com, during the Market America 2021 International Convention (MAIC021), when he said the platform will now accept payments in several cryptocurrencies thanks to a partnership with BitPay. Shop.com — which is owned by Market America — has continued to be a trendsetter in the world of e-commerce thanks to the leadership Ashley according to the CEO of Market America, JR Ridinger, who said in a statement:
“As different online retailers scramble to create a plan of action to implement things like accepting cryptocurrency as a method of online payment, thanks to Steve Ashley – we’ve already done that”
The new partnership will enable customers to not only pay with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), but also with Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and five dollar-backed stablecoins. The integration will also be available in all countries Market America is active in, which includes the U.S., U.K., Canada, Australia, Singapore, Hong Kong, Taiwan, and Malaysia.
The new crypto option will appear during checkout, when customers will be able to select BitPay to pay using their crypto wallets. Through BitPay, Shop.com users will also be able to earn cashback on “thousands of products”, which would additionally stimulate the use of the new feature on the website.
- Google Cloud will enable crypto payments early next year, though the feature will initially be available only to a select group of customers already active in web3.
- As part of the deal, Coinbase has agreed to move some of its data-related applications from Amazon Web Services to Google Cloud.
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- The exchange, which will reportedly launch within a month, plans to initially support Bitcoin, Ethereum, and Pax Dollar.
- PicPay’s stablecoin pegged to the Brazilian real, called the Brazilian Real Coin (BRC), is expected to launch by the end of the year.
- During a Twitter virtual all hands on deck meeting, billionaire Elon Musk said “it would make sense to integrate payments into Twitter”, including crypto.
- The CEO of Tesla and SpaceX also noted that his goal for Twitter was to “maximize the usefulness of the service”, and that enabling convenient payments was one way to do it.