The leading provider of cryptocurrency payments, CoinPayments, has recently signed an agreement with Canadian service provider Shopify. Merchants who sell their goods via the e-commerce platform can now have them paid in cryptocurrencies. The company of the same name offers small and medium-sized retailers in particular the opportunity to set up a shop and to use the options provided for payment, shipping and marketing. The platform now has more than one million affiliated companies in more than 175 countries worldwide.
Cryptocurrencies are spreading ever more rapidly
The Ottawa-based company started its partnership with CoinPayments last year. First a beta test was started and it was determined whether such a cooperation is possible at all. The new payment option is intended to give merchants greater flexibility in processing orders and could further advance the spread of cryptocurrencies. A win-win situation arises for both companies. CoinPayments carries out the transactions quickly and easily, so the convenience for the merchant is great. The total volume of transactions is more than $ 5 billion a year, making the company the largest cryptocurrency payment processor. CoinPayments now supports more than 1,900 cryptocurrencies, making it one of the preferred providers for merchants and providers. The company, founded in 2013, is headquartered in the Cayman Islands.
Difficulties for traders are eliminated
The contract between the two companies enables the use of cryptocurrencies for payment transactions. Payments flow quickly, even across national borders, and do not cause any difficulties in processing because no collaboration with multiple processors is required.