Crypto.com partners with Shopify to enable crypto payments via app
By Shashank Bhardwaj
Crypto.com has announced its partnership with Shopify, where “Shopify merchants can now enable Crypto.com Pay on their online storefronts and expand their reach by giving customers more ways to make their purchases”. This integration is intended to reinforce Crypto.com Pay's position as the premier cryptocurrency payment tool for online merchants keen on accepting cryptocurrencies.
Crypto.com is one of the world's fastest-growing cryptocurrency platforms, with over 50 million members. It was founded in 2016 by Bobby Bao, Gary Or, Rafael Melo, and Kris Marszalek. Although the company was initially based in Hong Kong, it is now headquartered in Singapore, with around 5,000 people spread across offices in the Americas, Europe, and Asia.
Crypto.com Pay allows merchants to receive cryptocurrencies instantaneously and with no transaction fees from a growing global population of Crypto.com customers. Customers can also use more than 20 different tokens to pay for purchases at partner merchants, including Bitcoin, Ethereum, and Crypto.com's Cronos token.
“To welcome Shopify merchants to Crypto.com Pay, Crypto.com will waive the 0.5% settlement fee for one month. The promotion is valid until 30 June 2022,” reads the announcement on the exchange’s official website.
Shopify's client interactions are expected to improve by allowing merchants to offer other payment options. The recent partnership with Crypto.com is the latest in a long line of collaborations for Ottawa-based e-commerce tech giant Shopify, which has been gradually adding crypto-related functionality to its platform. Strike, an American digital payments platform based on Bitcoin's Lightning Network, had also revealed its partnership with Shopify last month.
Shashank is the founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist. Twitter: @bhardwajshash
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Argentinian town to invest in crypto mining to fight inflation, upgrade rail infraRead More..
Pantera Capital closing fundraise for its blockchain fund after raising $1.3 billionRead More..
Homegrown blockchain co Polygon commits to go carbon neutral this yearRead More..
NBA registers four NFT trademarksRead More..
US crypto expert jailed 63 months for helping North KoreaRead More..
Fortnite developer Epic Games raises $2 billion to build for the metaverseRead More..
Indian companies storm the metaverse and NFT spaceRead More..
Coinbase is producing a movie trilogy on Bored Ape NFTsRead More..
Multiple Indian Twitter accounts hacked, NFT content postedRead More..
German police shut down $1.3 billion illegal darknet firmRead More..
Meta tests sale of virtual goods in metaverseRead More..
Bitcoin 2022 Conference: Bitcoin Maximalists attack national currenciesRead More..
Binance Gets In-Principle Approval to Operate as Crypto Broker in Abu DhabiRead More..
EU limits Russians' crypto investments to 10k EurosRead More..
Coinbase suspends UPI payments in India three days after launchRead More..
From KFC to Tesla, Dell: Crypto-curious corporations struggle to find right recipeRead More..
In Texas, crypto miners turn to solar powerRead More..
South Africa concludes technical Proof-of-Concept for its CBDC settlement systemRead More..
Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
Meta working on virtual money 'Zuck Bucks': reportRead More..
Germany closes Russian darknet marketplace HydraRead More..
Britain paves way to accept stablecoinRead More..
Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctionsRead More..
Crypto provides fix for some in crisis-hit AfghanistanRead More..
Bitcoin to the rescue: Cryptocurrencies' role in UkraineRead More..
Digital art in spotlight as Dubai makes crypto hub bidRead More..
G7 looks to thwart cryptoassets use as Russian sanctions dodgeRead More..
Can cryptocurrencies give Russia, others breather from economic sanctions?Read More..
Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..