Any online store that uses Shopify for its checkout services can now install a plug-in from NOWPayments and accept BTC, ETH, and over 70 other coins
Crypto payment gateway NOWPayments recently added Shopify to the list of e-commerce providers that can accept payments in cryptocurrencies through their range of plug-ins. NOWPayments was created by the same team behind crypto exchange service ChangeNOW and has partners including OKEx, Guarda Wallet, and Travala.com.
The Shopify platform handles marketing, payments, checkout, and shipping for online stores, and is currently used by over 1 million merchants across 175 different countries. In addition to Shopify, NOWPayments already supports OpenCart, WooCommerce, Ecwid, and others.
Any online store that uses Shopify or one of the other supported e-commerce providers can install the relevant plug-in and start accepting online payments in cryptocurrencies. NOWPayments supports over 70 different coins, including BTC, ETH, XRP, XMR, DOGE, and USDT.
Customers send their coins to NOWPayments’ deposit address and the merchant receives the currency of their choice. NOWPayments is a non-custodial service and charges a 0.5% transaction fee plus a 0.5% exchange fee if applicable.
This announcement comes just a couple of weeks after Visa became the first major payment network to settle transactions in USDC over Ethereum. Paypal also joined the fray — introducing the ability to buy, sell and hold cryptocurrencies in Paypal digital wallets last year, the payments company will now enable customers to make purchases by converting their crypto holdings into fiat currencies at checkouts.
The addition of online stores that use Shopify to Paypal’s 29 million merchants and Visa’s 44 million merchants is creating an ever-growing global network of businesses that now have the capabilities to accept cryptocurrencies. The development of this infrastructure is no doubt an important step in the road towards mass adoption of crypto for everyday use.