CryptoCom has announced enabling Shopify merchants to leverage its payment solution – CryptoCom Pay – on their online storefronts.
According to the official blog post, the crypto trading platform stated that the latest move should help the e-commerce company expand its reach by facilitating more ways for customers to make purchases with cryptocurrencies.
CryptoCom – Shopify
To incentivize Shopify merchants to sign up for CryptoCom Pay, the crypto platform has also announced waiving the 0.5% settlement fee on all transactions for one month after integrating. Stores will have until June 30th to avail this offer. Currently, customers can do so in more than 20 tokens, including Bitcoin (BTC), Ethereum (ETH), Cronos (CRO), Shiba Inu (SHIB), Dogecoin (DOGE), and ApeCoin (APE).
Commenting on the development, Kris Marszalek, Co-founder and Chief Executive Officer of CryptoCom, revealed that offering more customers and merchants across the ability to engage in commerce leveraging cryptocurrencies is a top priority for the company.
John S. Lee, Lead of Blockchain Ecosystem at Shopify, also said,
“We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders. Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.”
Shopify Advancing its Steps
The Ottawa-based e-commerce giant recently partnered with the digital payments platform Strike to enable merchants in the United States to receive faster and cheaper Bitcoin payments via the Lightning Network (LN). As reported earlier, Shopify’s focus is on tapping the previously unexplored segment and purchasing power while letting its merchants generate savings via low-cost payment processing.
Shopify previously announced allowing its merchants to trade NFTs on its platform after partnering with GigLabs. At the beginning of this year, the company’s founder, Tobias “Tobi” Lütke, joined Coinbase’s Board of Directors.
Last month, Shopify, along with Ledger and TaskUs, were slapped with a class-action lawsuit over the severe data breach two years ago. The plaintiffs accused that both Shopify and TaskUs were aware of the violation in Ledger’s database for more than a week before notifying customers.