Shop.com is accepting cryptocurrencies (Bitcoin, Ethereum, Dogecoin, etc.) via Bitpay, the largest crypto payment service provider in the world. The president and CEO, Steve Ashley, announced at the Market America Worldwide 2021 International Convention (MAIC2021) that cryptocurrency would be accepted on all sites.
“Today I’m announcing that Shop.com is going to be offering bitcoin, ethereum, and several other cryptocurrencies through Bitpay” said Ashley. “We’re going to be offering this at Shop.com sites worldwide in all of our Market Countries,” Ashley added.
Among “E-commerce and shopping” web portals, It is ranked 26133 worldwide and 191, According to Similarweb.com stats. Market America, a multi-level marketing (MLM) firm founded in 1992, owns the E-commerce giant. Market America purchased the E-commerce giant for an undisclosed sum at the end of 2010. Market America also specializes in manufacturing a line of Isotonix it introduced to the public the year after the company started.
Shop.com’s Bitcoin Journey.
Describing the partnership as the next chapter in doing business, the president and COO Steve Ashley said that the BitPay integration is available in all the countries where Market America operates, which includes the United States, Canada, Australia, Hong Kong, Taiwan, United Kingdom, Singapore, and Malaysia. For companies dealing with fiat currencies, BitPay acts as a gateway for crypto payments. Businesses such as Las Vegas Auto Gallery and American luxury hotels The Kessler Collection signed a deal with BitPay to accept Bitcoin payments.
Also read: Do we see an end to unregulated exchanges in Crypto?
Sonny Singh, Bitpay’s chief commercial officer said in a statement that “Shop.com and Market America are such great brands,”. “What I really like about them as such a great fit is because of your international presence. The fact that you’re only doing 40% of your volume in America means it’s a really global brand,” Singh added.
The website now displays a message about cryptocurrency acceptance when accessed through its website. The message links to a page that explains how customers can use BitPay’s crypto payment system to pay for items. The website also details that customers can “earn cashback on thousands of products with Bitpay.” A recent study by the crypto payments provider revealed that both crypto holders and non-owners show clear interest in crypto payments.