BCH – BOL News Staging

SHOP.COM an American e-commerce platform currently accepts cryptocurrency payments succeeding in a collaboration with payment provider BitPay.

The partnership lets customers pay for their stuff through the BitPay wallet at the checkout phase.

Presently, customers can pay with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and an array of stablecoins including GUSD, USDC, PAX, DAI, and BUSD.

So proud to announce @ #MAIC2021 @shopcom is now accepting #Bitcoin , #Dogecoin, #Ethereum and more on our https://t.co/TuHqELtRWX US/CAN (more countries to follow) sites through BitPay. Low processing fees. Plus seeing how @mcuban @dallasmavs and others integrated it. Win-Win

— Steve Ashley (@steveashley) August 31, 2021

COO & President of SHOP.COM, Steve Ashley, defined the partnership as the “next chapter in purchasing products on all SHOP.COM sites” and highlighted the BitPay addition was obtainable international in all of the countries Market America works in.

“Today I’m announcing that SHOP.COM is going to be offering Bitcoin, Ethereum, and several other cryptocurrencies through BitPay,” he said.

He further said,

“We’re going to be offering this at SHOP.COM sites worldwide in all of our Market countries. We went with BitPay because they are the industry leader. They are the world’s largest in Bitcoin and crypto payment services.”

BitPay is a crypto payment service provider that allows wholesalers to handle and settle crypto payments.

BitPay presently collaborated with services such as Shopify, Microsoft, and Shopify, and newly publicized it will support Google Pay and Samsung Pay in its wallet.

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At the time when Bitcoin and Ether are gaining popularity, the new hires are required to help PayPal expand its crypto-focused business offering.

PayPal, the global payments company, is hiring for many cryptocurrency-related posts at its Ireland headquarters, highlighting the business’s ambitions in the fast-rising digital asset sector.

PayPal is looking to fill several crypto-focused posts in compliance, anti-money laundering, and business development for its Dublin and Dundalk offices, according to the Dublin-based Irish Independent, one of the country’s most popular news outlets.

PayPal established a specialized crypto and blockchain business unit earlier this year to assist its entrance into cryptocurrencies, which took place in October 2020 with the purchase of Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) by clients in the United States.

The company expanded its offering in March of this year, allowing US clients to pay for products and services with their digital asset holdings.

PayPal said two months later that clients would be able to withdraw their cryptocurrency to third-party wallets.

PayPal’s CEO, Dan Schulman, stated in April that the company’s crypto business has exceeded all expectations in its first six months of existence.

The fast adoption of digital assets like Bitcoin and Ether was accompanied by a tremendous price increase that brought the whole cryptocurrency market to a worth of about $2.6 trillion.

Crypto markets seem to have hit a bottom and are now hiking upwards again, after a significant correction between May and July.

Schulman stated on PayPal’s quarterly earnings call last week that the company’s crypto trading business would be arriving in the UK in the near future. Upgrades to allow for faster payment processing are also in the works, according to him.

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SHOP.COM, an online retailer currently accepting crypto payments

Crypto Team is Being Built by PayPal in Ireland as Bitcoin Acceptance Grows

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