Crypto.com has announced that Shopify merchants can now use the exchange to make and receive cryptocurrency payments in their stores.
In a recent blog post, Crypto.com said it would allow all Shopify merchants to accept up to 20 cryptocurrencies as payment using Crypto.com’s Pay feature. These currencies include Bitcoin, Ethereum, Doge, CRO (Crypto.com’s native token), and more:
Zero Settlement Fees After One Month
The exchange will charge zero settlement fees to merchants one month after signing up. After that, only 0.5 percent settlement fees will be applied, much lower compared to 2.5 percent using credit cards. Additionally, Crypto.com’s Pay users can receive up to 10 percent CRO cashback on transactions.
We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders. 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 S. Lee, lead of Blockchain ecosystem, Shopify
Crypto.com Regaining Ground After Massive Backlash
Crypto.com has been steadily pushing cryptocurrency adoption across the globe, forming new partnerships with companies from different industries so they can enable crypto transactions and payments.
The latest news comes two weeks after the exchange decided to restart its staking rewards program. The company did so after sustained negative feedback from its community after suspending it, causing the CRO token to drop more than 10 percent.
Last month, Crypto News Australia reported that Crypto.com had partnered with South Australia’s Peregrine Corporation to introduce crypto payments in its petrol stations.In January, the global exchange also signed an A$25 million sponsorship deal with the Australian Football League.
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