Saturday, March 2, 2024

Shopify Expanded Crypto Payments Options With

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Shopify expanded crypto payment options with while also having access to Jack Mallers’ Strike, BitPay, and Coinbase Commerce so let’s read more today in our latest cryptocurrency news.

The merchants using the e-commerce platform Shopify can now also gain access to as another way to accept crypto payments. Shopify expanded the options so now sellers using the Pay feature can allow customers to settle their accounts with more than 20 tokens. Strike as the payment network led by Jack Mallers announced for integration of bitcoin Lightning payments and the merchants will also be able to accept crypto with Coinbase Commerce and BitPay. The lead of the blockchain ecosystem at Shopify John Lee added:

“Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.”

As a bonus, Shopify merchants using Pay won’t pay settlement fees for a month and the shares of the company increased 11% on NYSE. Reversed , luna, trades, exchange, terra

As recently reported, Strike announces Shopify integration that will facilitate BTC payments with the help of the Lightning Network. The latest integration will enable the Shopify merchants in the US to receive faster and also cheaper BTC payments via the layer 2 scaling solution the Bitcoin lightning network. The digital payments platform Strike announces Shopify integration in a bid to enable merchants to accept BTC payments as US Dollars. As per the recent announcement, the integration will enable merchants to accept payments and cut costs in terms of processing fees while still offering an alternative to traditional options.

This can help Shopify to tap unexplored global markets and purchasing power while allowing the merchants to generate savings in the low-cost processing. The platform will eliminate complexities that the merchants face while holding BTC by instantly converting the BTC payments to USD.

The e-commerce platform Shopify faces another lawsuit over the Ledger data breach as users of the wallet filed a class-action lawsuit for its part in failing to prevent such a data breach in 2020. the suit was filed in the US District Court of Delaware and alleged that Shopify profoundly and repeatedly failed to protect its customers’ identities.

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