Also, the company has not so long ago teamed up with CoinPayments. The deal was announced on May 15, 2018. CoinPayments is an integrated payment gateway with low commissions that supports over 1,190 cryptocurrencies.
In June, 2018, Shopify announced yet another deal, this time with Request Network’s Requify.
For us consumers all this means that potentially all mighty product range of this e-commerce giant became available to cryptocurrency holders.
What is the future of crypto on Shopify?
“The goal of our integration for Shopify is to provide an alternative payment option for their merchants and expand the adoption of cryptocurrencies,” we read on the CryptoPayments blog. And from the merchant’s perspective, by adding BitPay or CoinPayments as a payment option, they are attracting more shoppers to their stores.
Yet, despite such developments and efforts, for the foreseeable future, the vast amount of payments on the Shopify platform will definitely remain in fiat.
Even though a wide adoption of the digital currency is not on the horizon, the Shopify’s integrations with major payment processors like BitPay, CoinPayments, and The Request Network may be the best news for the crypto community looking for stability and certainty in 2019.
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