Online Shops Accepting Cryptocurrencies
Now, more and more e-commerce companies are accepting cryptocurrency payments.
In the past year, more and more companies have realized the digitalization of their businesses.
As an industry, e-commerce is at the forefront of digitization, and more and more merchants and individual sellers have established online shops.
For people in the field of e-commerce, when you think of payment methods, you are most likely to pay attention to providing payment gateways for credit cards, debit cards, payment wallets, and possibly COD (Cash On Delivery).
But did you know that you can also unlock greater market potential by accepting cryptocurrency payments?
Canadian e-commerce giant Shopify partnered with cryptocurrency payment gateway CoinPayments earlier this year, enabling all Shopify stores to accept cryptocurrency payments.
All you have to do is enable the crypto payment gateway to start accepting more than 300 types of digital currencies, including BTC, ETH, LTC, and many more!
WooCommerce is another popular e-commerce platform.
In 2018, WooCommerce vendors were given the option to accept payments in cryptocurrencies such as BTC, ETH, LTC and even BCH via Coinbase Commerce’s payment gateway.
When shoppers make a payment using their cryptocurrency wallets, the funds are transferred directly to the vendors’ cryptocurrency addresses.
This means that the vendors won’t be charged for any incurring transaction fees!
3. Magento 2
Sellers on Magento 2’s e-commerce platform can also accept payments in BTC, LTC, ETH, BCH, XRP, and more than 50 other altcoins with ease!
Bitcoin is now also available for online purchase
According to data expectations, the global online shopping market will reach a staggering 4 trillion US dollars this year!
Now you can buy almost anything on the Internet, including food, clothes and furniture.
Online shopping is very simple and convenient. Many websites provide one-click shopping services!
But, do you know that some e-commerce platforms have now set foot in the crypto market? Here are some of the largest e-commerce giants that accept Bitcoin payments.
U.S. headquartered internet retailer Overstock.com was the first e-commerce company to embrace Bitcoin back in Jan 2014.
Customers can buy furniture, everyday household items, jewelry, consumer electronics, fashion accessories and much more, and pay for them using bitcoins.
2. DIGITEC GALAXUS
In March 2019, Swiss online retailer Digitec Galaxus introduced a new payment gateway to accept cryptocurrency payments.
The company operates two separate stores, Digitec.ch and Galaxus.ch, both of which accept payments in BTC, BCH, ETH, XRP and more!
U.S. based software and electronics retail giant Newegg has been accepting Bitcoin payments since July 2014.
Last year, the company announced that it will be extending its Bitcoin payment options to its partnering merchants in 73 more countries as Bitcoin continues to gain momentum around the world!