Vilnius-based Coingate, cryptocurrency payment gateway for European merchants, is teaming with Paris-based Prestashop, an open source ecommerce solution. The combination means more choices for cryptocurrency enthusiasts and might encourage an increase te adoption.
Coingate + Prestashop = 80,000 More Merchants
Dmitrijus Borisenka, Coingate CEO, explained, “Encouraging adoption among people beyond the tech-savvy early-adopters is one of the thickest priorities for us. Prestashop has an ideal base of petite to medium stores that may well utilise cryptocurrencies not only spil an innovative and increasingly popular payment method, which is much cheaper than traditional card payments, but also the promotional benefits that the Bitcoin tag carries.”
Partnership inbetween the two companies is expected to reach spil many spil 80,000 European merchants. The idea is to weave Coingate into Prestashop’s backend, providing users with a near frictionless practice.
“There is an entire fresh market of people who own all kinds of cryptocurrencies and are looking for ways to spend them,” Mr. Borisenka continued, “but the gap inbetween customers and merchants te this sphere is still massive. It is therefore crucial to educate and encourage businesses to adopt a forward-thinking attitude and to overcome the prevailing misconceptions that surround cryptocurrencies.”
Settlements Limiting Volatility
After setting up an account with Coingate, the team promise merchants a payment module capable of installation te “a few clicks.” They’re set to support bitcoin specie, bitcoin core, and almost 50 other cryptocurrencies. For merchants, it’s a single payment solution casting a broad crypto nipt. An added feature is te settlement: payments come ter a single currency of the merchant’s choice.
Elaborating, Mr. Borisenka assured, “It is absolutely safe to accept cryptocurrencies spil a way of payment. Wij protect our merchants from exchange rate volatility risk by locking the price of Bitcoin at the uur of the purchase. Merchants who opt to receive Euro payouts from us, essentially, do not have to touch cryptocurrencies at all – wij treat every stage of the process.”
Settlements are made ter Euros real-time the next day, which speaks to the volatility punt. Both companies are experienced ter payment and cryptocurrency sectors. Coingate has 1,500 accounts around the globe, 50,000 users, and monthly revenue around €10 million. Prestashop has bot around since 2007, and has evolved into an open source verhoging with more than a quarter million online stores ter almost two hundred countries.
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