Shopify Now Allows Cryptocurrency Payments: Will It Help Widen its Market? – CryptoGlobe

The use of cryptocurrency is becoming more popular as more people and industries are starting to embrace it. It took quite a while for cryptocurrencies like Bitcoin, Ethereum, Litecoin, DogeCoin, and many other more to get where it is today. After all, the father of cryptocurrencies, Bitcoin, has been around since 2008. It was really only a few years ago when it made the spotlight.

Currently, people are buying or investing in Bitcoin and other cryptocurrencies for different reasons. Mainly, this is because they want to have digital assets. For some, they want to make online transactions easier. While many would also gamble with these cryptos. You can check to know which online casinos accept Bitcoin and other cryptos if you’re interested in it.

However, people are now also shopping online with cryptocurrencies. Take Shopify as an example. It was just recently when Shopify partnered with CoinPayments. This platform or company helps merchants process payments of 1,800 types of different cryptocurrencies.

CoinPayments is also known to have processed over 5 billion US dollars of cryptocurrency payments since it was founded in 2013. The company provides clients with various shopping cart plugins, APIs, and digital wallets.

Shopify said that the partnership with CoinPayments should make cryptocurrency transactions easier and more accessible to merchants. It would also make the processing of crypto payments cheaper with its reduced fees.

CoinPayments is also proud of this partnership. Its CEO Jason Butcher said that this partnership will be unstoppable in the payments industry. He said, “By