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Shopify Expands Crypto Payment Options With Crypto.com Pact

Shopify merchants also have access to Jack Mallers' Strike, Coinbase Commerce and BitPay.

By Michael Bellusci
Updated May 11, 2023, 5:37 p.m. Published May 19, 2022, 3:28 p.m. 1 min read
Shopify has increased the number of crypto payment options available to merchants. (Roberto Cortese/Unsplash)
Shopify has increased the number of crypto payment options available to merchants. (Roberto Cortese/Unsplash)

Merchants using e-commerce platform Shopify (SHOP) now have access to Crypto.com as another way for accepting cryptocurrency payments.

  • Sellers using the Crypto.com Pay feature can allow customers to settle their accounts with over 20 tokens, according to a statement.
  • Strike, the payments network headed by Jack Mallers, announced integration for Bitcoin Lightning payments with Shopify in April. Merchants are also able to accept crypto with Coinbase Commerce and BitPay, according to Shopify’s website.
  • “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,” John Lee, Shopify’s lead of blockchain ecosystem, said.
  • As a bonus, Shopify merchants using Crypto.com Pay will not pay settlement fees for one month.
  • Shares of Ottawa-based Shopify rose more than 11% in NYSE trading as of 15:28 UTC.

Read more: Shopify to Allow Merchants to Sell NFTs Directly Through Their Stores

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UniCredit warns Europe may struggle to contain crypto-bank crisis under MiCA rules

Ni Francisco Rodrigues|Edited by Nikhilesh De
1 oras ang nakalipas
European Parliament building (Guillaume Périgois/Unsplash)

EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators.

Ano ang dapat malaman:

  • Europe lacks crisis tools used by the U.S. to contain crypto-bank shocks, raising concerns about its ability to handle future financial turmoil.
  • EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators.
  • MiCA forces stablecoin providers to...
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