CoinPayments Becomes Largest Crypto Payments Processor
Available to All Shopify Merchants
GEORGE TOWN, Cayman Islands,
May 20, 2020 /PRNewswire/ --
CoinPayments, the world's leading cryptocurrency payments
processor, today announced a new strategic partnership with Shopify
(NYSE:SHOP). The collaboration will bring CoinPayments' crypto
payments processing platform to all Shopify merchants as both
companies look to fuel wider adoption of payments in digital
This announcement follows a successful beta trial that started
in 2019. Under the terms of the partnership, CoinPayments will now
be a visible payment option for merchants on the Shopify platform
and will make cryptocurrency transactions easier and more
accessible while reducing transaction fees. Vendors will now get
paid faster in any of the 1,800 cryptocurrencies supported by
CoinPayments while gaining access to untapped markets globally.
This partnership further enables cross-border payments, allowing
merchants to eliminate the hassle of working with multiple payment
processors across different jurisdictions.
"The combination of Shopify and CoinPayments is unstoppable in
the payments industry," said CoinPayments CEO Jason Butcher. "By bringing our easy-to-use
global crypto payments platform together with Shopify's extensive
merchant base, we look forward to delivering a seamless process for
anyone looking to do business using cryptocurrencies. As leaders in
ecommerce and crypto payments, our combined expertise reflects the
future of business transactions."
The collaboration with Shopify is just one of several expected
announcements that will expand CoinPayments' simple and secure
crypto payments platform to a new set of partners and
CoinPayments is the easiest,
fastest and most secure way for merchants worldwide to transact in
cryptocurrencies. It is the first and largest cryptocurrency
payments processor with more than US $5
billion in total transactions to date, while supporting more
than 1,900 coins, and is the preferred cryptocurrency payment
solution for merchants and eCommerce platform providers worldwide.
Founded in 2013 and headquartered in the Cayman Islands, CoinPayments is dedicated to
providing clients with fast, secure and user-friendly crypto
payment APIs, shopping cart plugins, digital wallets, and a host of
other solutions supporting cryptocurrency payment applications.
Learn more at: https://www.coinpayments.net/.
Shopify is a leading global commerce
company, providing trusted tools to start, grow, market, and manage
a retail business of any size. Shopify makes commerce better for
everyone with a platform and services that are engineered for
reliability, while delivering a better shopping experience for
consumers everywhere. Headquartered in Ottawa, Canada, Shopify powers over one
million businesses in more than 175 countries and is trusted by
brands such as Allbirds, Gymshark, PepsiCo, Staples and many more.
For more information, visit www.shopify.com.
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