- Shop.com has partnered with BitPay to accept payments on the platform in the form of cryptocurrencies.
- To begin with, Shop.com is accepting only popular cryptos such as BTC, LTC, ETH, DOGE, etc.
- BitPay has also partnered with Las Vegas Auto Gallery and the Kessler Collection to provide crypto payments services.
The buzz around cryptocurrencies is intensifying as their march to the mainstream is gathering more and more speed. Be it gains from investments, acceptance in the form of legit payments or the newest buzz NFT, the crypto world keeps on expanding.
Recently, US e-commerce platform Shop.com, which is owned by Market America, has partnered with crypto payments infrastructure provider BitPay to accept payments in the form of cryptocurrencies. Currently, the company is accepting only popular cryptos such as Bitcoin (BTC) Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), etc.
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BitPay provides businesses or merchants with the infra to accept and settle payments in the form of cryptos. It is the largest Bitcoin and other crypto payment services provider in the world. BitPay also provides services to other popular businesses like Spotify and Microsoft. Very recently, the company also integrated services with Samsung Pay and Google Pay in its wallet. Another firm to partner with BitPay is 1Inch, a growing DeFi platform. The partnership will allow its users access to yield farming and DEX services.
Other businesses in the US that have signed deals with BitPay are Las Vegas Auto Gallery and the Kessler Collection.
Steve Ashley, COO and President of Shop.com, describes this partnership as the next big leap for the company in purchasing products on all Shop.com sites. The offering of this new service would be made available in all the markets Shop.com caters to, including Singapore, Canada, US, UK, Australia, etc.
Now when users would visit Shop.com, the portal would auto display a new message about the crypto acceptance. The message also leads to a page which guides users on how they can use cryptos and leverage BitPay’s gateway to purchase items. To kick-start this new service, Shop.com also offers a cashback on thousands of listed products if purchased with BitPay.
Cryptocurrencies are getting wider acceptance as a legit mode of payment despite high fluctuations in their value, recent cases of money heist in the form of cryptos and governments trying to curb and regulate the space.
According to a report by CoinTelegraph, 93% people in a survey said yes when asked if they would consider making a purchase using cryptos in the future. The companies are gradually recognising the clear trend of acceptance of cryptos and trying to capitalise on it by providing more services related to cryptocurrencies.