A prominent US-based e-commerce platform was steering towards the crypto-verse and BitPay aims to aid this move.
Bitcoin [BTC] has come a long way and has emerged as a widely accepted asset. With its value and popularity surging to the moon, more and more platforms have started to shelter the asset. From being widely rejected and denounced to being loved by many, Bitcoin has struggled long and hard. While the king coin moves up to $50K, during press time, it has managed to garner a spot on a prominent e-commerce platform, Shop.com.
Payment service provider, Bitpay revealed that it would facilitate this move of the e-commerce platform.
BitPay to aid in accepting BTC payments
Shop.com joined hands with Bitpay in order to accept payments in an array of cryptocurrencies. Users of the e-commerce platforms had an option to pay with Bitcoin [BTC], Ether [ETH], Dogecoin [DOGE], Wrapped Bitcoin [WBTC], Litecoin [LTC] as well as Bitcoin Cash [BCH]. The platform also allows payments in stablecoins.
Even though the platform is based in the US, this Bitpay integration would be made available in several countries. This list includes Canada, Australia, Taiwan, Hong Kong, Malaysia, Singapore along with the United Kingdom.
Bitpay’s chief commercial officer, Sonny Singh, spoke about this latest partnership and stated that Shop.com and its parent company, Markert America were “great brands.” Noting the platforms’ international presence, Singh suggested that they were a global brand.
He further added,
“In countries like Taiwan, Thailand, Argentina, Brazil, and Indonesia, it’s very hard to make payments. Credit cards are not everywhere and in those countries, Bitpay and crypto is the cheapest, quickest payment option to accept Bitcoin and to receive crypto payment options as well.”
The CEO of Market America, JR Ridinger thanked Shop.com’s, Steve Ashley for bringing about this idea of crypto assets. The inclusion of crypto into its system has widened the platform’s horizons