Shopify collaborate with CoinPayments

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • CoinPayments is to work with the well-known e-commerce firm to open access to cryptocurrencies across the globe.
  • The move is expected to help Shopify merchants increase their market share and access.
  • “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,” said the CEO of CoinPayments.

The e-commerce software provider Shopify is set to work alongside a digital currency payment processor.

It will work with CoinPayments to offer all merchants who use the Shopify platform a chance to accept digital currencies for their goods.

As part of the new collaboration, it will be possible for sellers to be paid more quickly in any one of almost 2,000 crypto assets.

Customers will be able to select cryptocurrencies as a payment option when shopping at a Shopify-based store.

CoinPayments also said that it would increase merchants’ access to markets internationally by making cross-border payments easier.

It came after a beta trial, which began last year, took place and was successfully completed.

In a statement, the CEO of CoinPayments, Jason Butcher, said that the collaboration would create an “unstoppable” force.

“The combination of Shopify and CoinPayments is unstoppable in the payments industry,” he said.

He added: “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.

“As leaders in ecommerce and crypto payments, our combined expertise reflects the future of business transactions.”

In a press release, the firm also shared some more information about its plans for the platform.

“The collaboration with Shopify is just one of several expected announcements that will expand CoinPayments' simple and secure crypto payments platform to a new set of partners and merchants,” it said.

It also offered some more information about the firm itself.

“CoinPayments is the easiest, fastest and most secure way for merchants worldwide to transact in cryptocurrencies,” it said.

“It is the first and largest cryptocurrency payments processor with more than US $5 billion in total transactions to date, while supporting more than 1,900 coins, and is the preferred cryptocurrency payment solution for merchants and eCommerce platform providers worldwide,” it added.

The release also offered more information about Shopify itself, which is based in Canada.

“Shopify is a leading global commerce company, providing trusted tools to start, grow, market, and manage a retail business of any size,” it said.

The news comes in the same week that Shopify revealed that it would partner with the firm dLocal, a company that will help Shopify accept local payment methods in many global currencies.

Cryptocurrency is having a big impact on the way that the international money transfer sector works.

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