In recent years, there has been a discussion about how to expand the adoption of cryptocurrencies and use them in daily life. One of the main milestones for doing this was through their use in payment channels in electronic stores.
To come the year 2020 and after the spread of the Corona virus, the option to pay in digital currencies has become one of the options present and strongly what made many companies turn to and accept it as a global means of payment.
The e-commerce giant "Shopify" had previously announced its acceptance of payment in cryptocurrencies, which we discussed in previous topics on the Bitcoin Arab site.
New partnership for e-commerce giant "Shopify" and "Alchemy Pay":
The cryptocurrency and fiat payment platform “Alchemy Pay” announced the news of its partnership with “Shopify” in a press release issued last Wednesday.
According to the press release, "Alchemy" will operate cryptocurrency payments to "Shopify" users.
Shopify shoppers will now be able to pay for their goods using digital currencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Tether, Litecoin, BNB, BUSD, GUSD and ACH. This latest digital currency belongs to the company, "Alchemy Pay." “.
Shopify, a $ 120 billion company that boasts online stores in more than 175 different countries, will have its online stores join the 1.2 million merchants already supported by Alchemy Pay.
As part of efforts to motivate store owners to adopt cryptocurrencies, digital payments in stablecoins will not exact any fees until further notice.
Commenting on the new partnership, "Alchemy" product chief Shaun Shi said:
"This partnership effectively puts the acceptance power of cryptocurrency in the hands of more than 1 million Shopify e-commerce merchants who served over 218 million consumers in 2019.
We are really excited to see how far this partnership will advance the cryptocurrency space forward."
Earlier in the year 2020, the "Lolli" platform, which specializes in offering cryptocurrency discounts, partnered with 950 retailers to promote Bitcoin adoption.
Cryptocurrency discounts and rewards programs also help stimulate greater reliance on cryptocurrency among merchants and consumers alike, a segment that is experiencing increased levels of activity.
