Shop.com is the latest eCommerce store to join the band of stores that accept Bitcoin as a means of payment. Through the website, shoppers can pay using Bitcoin, ether, Dogecoin, and many other stable coins. Market America owns shop.com and has upgraded its payment systems to meet the demands of the market. Users just have to select during checkout to pay using crypto-wallets.
Shop.com clarified that the Bitpay integration is available in all countries where Market America operates. and that includes the US, Canada, Australia, UK, Hong Kong, Taiwan, and Singapore
Companies typically use Bitpay to give an option for payment using crypto. Currently, many companies are integrating with Bitpay to enable payments using crypto businesses such as Las Vegas, Auto Gallery. American luxury hotels have integrated the technology to facilitate Bitcoin payments.
According to Cointelegraph reports, up to 93% of users would currently consider making payments using crypto.
Results are a significant percentage of up to 59% of non-crypto users interested in using crypto payments.
Growth of cryptocurrency payments.
Cryptocurrency payments are becoming more common as crypto users increase in numbers.
Although there have been many mishaps and instability in the crypto scene, users are still confident the situation will get better with time.
Currently, many merchant stores are accepting cryptocurrency payments.
PayPal is in plans to adopt Bitcoin, and this is going to be a game-changer in the cryptocurrency industry. This is because PayPal has good leverage and good image in the financial sector, as it has been dominating operation for a long time.
In Switzerland alone, there are over 85k merchants that are accepting cryptocurrency payments. This shows the cryptocurrency payments scene is growing by the day.