As per the latest reports, Shop.com has made an announcement for the cryptocurrency community. The firm has announced that it is going to set foot inside the cryptocurrency industry. Shop.com is a platform e-commerce platform that is based in the United States.
The firm has decided to take a step inside the cryptocurrency industry due to the high demand there is in the crypto sector.
The industry has gained a lot of success and adoption in recent years and has managed to become one of the most demanding sectors in a short period of time.
With every passing day, the adoption of the cryptocurrency sector is on the rise among the public. Therefore, mainstream firms are trying their best to adopt cryptocurrencies and blockchain technology in the most efficient manner. The companies now want to generate as many benefits and profits from the game as possible.
So far, several e-commerce platforms have adopted cryptocurrency and blockchain technology to benefit from it. The latest e-commerce giant determined to adopt cryptocurrency and blockchain technology is Shop.com.
The firm has recently confirmed that it is in the process of adopting cryptocurrencies. For this purpose, Shop.com has just formed a partnership with BitPay, which is a prominent service provider for payments in the United States. Shop.com is an e-commerce platform that is owned by Market America.
Following Shop.com’s partnership with BitPay, the e-commerce giant will adopt and offer cryptocurrencies to its users. Shop.com will be able to enable its users to pay for services and items acquired through their platform with cryptocurrencies, which would also include Bitcoin (BTC).
This way, whenever the users want to make a payment on Shop.com through cryptocurrencies, they would be able to select the integrated BitPay option. Once selected, the users have the option of paying for the services or products they acquire from their wallets. The users will be able to select the BitPay option at the time of checkout.
The firm has revealed that the users will be able to use the Dogecoin (DOGE), Litecoin (LTC), Wrapped Bitcoin (WBTC), Ether (ETH), Bitcoin (BTC), and Bitcoin Cash (BCH) for making payments.
Furthermore, the users will be able to pay with stablecoins that will be pegged with the US dollar. Shop.com officials have announced that for now, they have added a limited number of cryptocurrencies for the users. Over the course of time, they will be able to offer much more cryptocurrencies to the users for their ease and convenience.
The officials have confirmed that the BitPay option would be available for users wherever the Market America platform is available. The major markets where the users will be able to use the BitPay platform include Malaysia, Singapore, the United Kingdom, Taiwan, Hong Kong, Australia, Canada, and the United States.