Shop.com To Adopt Crypto Payments After Partners With BitPay



Shop.com, the US-based e-commerce platform, has planned to adopt cryptocurrency payments after its partnership with BitPay, which will allow it to accept payments in several cryptocurrencies, including Bitcoin (BTC).


It has been reported that the new partnership enables Shop.com users to select the BitPay option during checkout to pay through their crypto wallets. Currently, users have the option to pay with Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), and Litecoin (LTC), as well as five US dollar-pegged stablecoins.


Steve Ashley, the President and Chief Operating Officer of Shop.com, said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore, and Malaysia.


However, BitPay is used by companies that usually deal with fiat currencies to act as a gateway for crypto payments. Businesses such as Las Vegas Auto Gallery and American luxury hotels The Kessler Collection signed a deal with BitPay to accept Bitcoin payments.

The report said that a recent study by the crypto payments provider revealed that both crypto holders and non-owners show clear interest in crypto payments.


Thus, as many as 93% of responding crypto users indicated that they would consider making purchases in crypto in the future, while 59% of consumers who have never held crypto are interested in using it to make purchases.


Source: Cointelegraph



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