![]() ![]() Crypto Adoption on a Slow but Steady AscentĪs digital payments continue to be the talk of the town, crypto adoption has witnessed a steady surge in terms of adoption.Įarlier this year, a survey by HSB indicated that close to 36% of small businesses in the U.S. It’s worth highlighting that Shopify’s decision to introduce support for cryptocurrencies comes shortly after it joined Facebook’s controversial Libra Association earlier this year. As leaders in e-commerce and crypto payments, our combined expertise reflects the future of business transactions.“ “ By bringing our easy-to-use global crypto payments platform together with Shopify’s extensive merchant base, we look forward to delivering a seamless process for anyone looking to do business using cryptocurrencies. “ The combination of Shopify and CoinPayments is unstoppable in the payments industry.” Notably, the alliance between the two entities will aid Shopify merchants by not only enabling quick cross-border payments but also by eliminating the hassle of working with multiple payment processors across different jurisdictions across the globe.Ĭommenting on the partnership, Jason Butcher, CEO, CoinPayments, said: Further, the press release notes that the integration will focus on minimizing the transaction fees associated with digital currency payments. Shopify merchants can now get paid quickly in any of the 1,800 cryptocurrencies supported by CoinPayments. The terms of the partnership state that CoinPayments will now be a visible payment option for merchants on the Shopify platform. Per sources close to the matter, the partnership is the result of encouraging results from a successful beta trial run at Shopify that started last year. In this article we’ll show you the steps to adding BitPay’s Shopify integration to your checkout. Enabling cryptocurrency payments in your Shopify store is simple and requires no coding knowledge. Specifically, the partnership between Shopify and CoinPayments enables the former’s merchants to get paid in cryptocurrencies. View real-time stock prices & the companies financial overview to help with your trading & investment. BitPay works directly with Shopify to integrate cryptocurrency payments directly into Shopify's hosted checkout system. ![]() For the uninitiated, Shopify is a major global commerce company powering more the one million businesses in more than 175 countries across the world. Shopify Goes the Crypto RouteĬryptocurrency adoption the world over continues to grow as Ottawa-based e-commerce platform Shopify introduces support for digital currency payments. This, according to a press release issued on May 20, 2020. ![]() I hope this helps guide you in the right direction! Feel free to let me know which provider you end up going with.Major Canadian e-commerce platform Shopify has inked a deal with leading cryptocurrency payments processor CoinPayments to bring the option of paying with cryptocurrencies to Shopify users. If that's the case, I managed to double-check our list of UK payment gateways and have confirmed that both Coinbase Commerce and BitPay are available in your region, so you'll just need to select either of those options! Taking a look at your username, it sounds like you're based in the UK. We also have a help doc on how to activate alternative payment methods here. Once you've done so, you can activate the payment gateway in Shopify by heading into Settings > Payments > Alternative Payments, where you'll see all the available options listed. ![]() To enable one of these gateways, you'll first need to create an account with one of those providers directly. Accepting cryptocurrency payments from customers is actually super easy! In fact, we have some more information on accepting cryptocurrency payments here, where you'll learn that we offer integrations with the following cryptocurrency payment providers: ![]()
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