Shop.com, an e-commerce platform owned by market America, is now the latest business entity to accept payments in cryptocurrency.
The firm announced its partnership with crypto payment service provider BitPay, which will allow it to accept payments in several cryptocurrencies including Bitcoin (BTC), CoinTelegraph reports.
Shop.com, through this partnership, will let users select the BitPay option during checkout to pay via their crypto wallets.
Cryptocurrencies users can pay with at the moment include Bitcoin, Bitcoin Cash (BCH), Ether (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and five other stablecoins.
The BitPay integration is available in all the countries where Market America operates, which includes the United States, Canada, Australia, Hong Kong, Taiwan, United Kingdom, Singapore, and Malaysia, Shop.com president, and COO Steve Ashley, said while describing the partnership.
Companies that deal with fiat currencies can use BitPay to act as a gateway for crypto payments. A recent study by the crypto payments provider revealed that both crypto holders and non-owners show clear interest in crypto payments.
DeFi Planet understands that accepting cryptocurrencies in exchange for goods and services comes with lower transaction fees, speed, and more security – a development that is currently facilitating the wider adoption of cryptocurrencies.
Similarly, the acceptance of stablecoins which are pegged to fiat currencies like the US dollar or Euro helps to protect businesses from crypto volatility.
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