Shop.com will enable Bitcoin payment through strategic partnership with BitPay

Shop.com, a US-based e-commerce platform, now allows payments with Bitcoin. It is among the latest sites to lead the adoption of cryptocurrencies.

announcement comes after a survey that reveals that cryptocurrency holders and non-owners have a clear interest in cryptocurrency payments. It explains why many companies are looking to add crypto payment options to their payment.

Collaboration with BitPay

Shop.com has partnered with BitPay, a crypto payment service provider, to make the transactions possible.

Businesses use BitPay services to act as a gateway for crypto payments to increase their payment options to understand cryptocurrencies. Other service providers such as Las Auto Gallery and Kessler Collection have also added BitPay services.

During checkout, Shop.com users can select the Bitpay option. It will allow them to access their crypto wallets to pay for goods. Users can now pay in Bitcoin, Ether, Bitcoin Cash, Wrapped Bitcoin, Litecoin, and Dogecoin. In addition, they can pay using five other stablecoins pegged to the US dollar and therefore a variety of options.

Steve Ashley, CEO of Shop.com, describes the partnership as the next chapter for doing business. In addition, he stated that the Bitpay payment option is available in all countries where Market America operates. y include the United States, Canada, Hong Kong, Australia, Taiwan, Singapore, the United Kingdom, and Malaysia.

BitPay currently has partners like Shopify, Microsoft, and Shopify. Recently, it also announced that it will soon support Google Pay and Samsung Pay in your wallet.

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BitPay also revealed a partnership with the DeFi 1Inch platform. 1Inch provides users with access to agricultural production and DEX services through the BitPay wallet.

Cryptocurrency adoption

buying and selling of cryptocurrencies is becoming commonplace with each passing day. However, spending on digital currencies in everyday purchases remains limited due to volatility.

A growing number of companies, from airlines to retail tech, are embracing cryptocurrencies. y are now partnering with crypto payment service providers to allow customers to pay for their goods and services. se are Pavilion Hotels and Resort, Microsoft, Starbucks, Amazon, Visa, and PayPal.

From the survey, 93% of participants who own cryptocurrencies said they would consider buying cryptocurrencies in the future. Another 59% who had never owned cryptocurrencies said they were interested in making payments in cryptocurrencies.

blockchain cannot be changed so that users can exchange funds and things safely. This improves openness and minimizes the risk of fraud. Unsurprisingly, payments with cryptocurrencies are options for businesses and consumers to make cheaper and more effective purchases.

Crypto payments can create a globalized, borderless economy and fight financial inequalities. y can provide the unbanked with access to fast and secure financial services.

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