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Shopify Integrates Crypto Payment Processor CoinPayments

Crypto payment processor CoinPayments partners with Canadian e-commerce giant Shopify for digital asset payment compatibility.

On May 20 a press release stated that Shopify sellers can now harness CoinPayments’ digital asset payment processing platform, paving the way for sellers to accept 1,800 different cryptocurrencies as payment.

CoinPayments is proud to announce a successful integration to world-leading #ecommerce platform @Shopify The collaboration will bring crypto payments processing to all Shopify merchants🚀 — CoinPayments (@CoinPaymentsNET) May 20, 2020

CoinPayments CEO Jason Butcher said:

“Shopify is a natural fit for us…As they look to bring new features to their merchant base and CoinPayments works to drive cryptocurrency adoption globally, it makes sense to create an integration that enables easy, secure, and cost-effective transactions.”

Shopify advocated for cryptocurrency payment compatibility prior to the CoinPayments partnership, via Coinbase Commerce, BitPay and GoCoin, although CoinPayments adds to the offering.

Butcher adds:

“CoinPayments is the largest cryptocurrency payments processor on the Shopify platform with the most extensive global reach.”

The official partnership comes after a completed testing phase between the two entities.

Butcher added:

“The beta trial process involved a full functionality and security test with live merchant interactions before becoming publicly available to the entire Shopify platform.”

Source: Cointelegraph | Image: Pixabay



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