BigCommerce Partnership Advances Crypto Payments

Open SaaS eCommerce platform BigCommerce is bringing cryptocurrency payment solutions to its clients in select countries through strategic partnerships with the crypto app BitPay and global crypto payment gateway CoinPayments.

The partnerships will widen BigCommerce’s crypto ecosystem, which will open up opportunities for its merchants to offer payment options, expand into new markets, and tap innovation to go global, according to a press release on Thursday (Sept. 15).

“Expanding our crypto ecosystem to include trusted best-of-breed partners is just one step towards driving innovation and growth for our merchants,” said Marc Ostryniec, chief sales officer at BigCommerce.

“A new era of consumers are passionate about transacting using crypto, and we’re helping them do it. Merchants embracing this new technology can remain relevant and maintain a cutting edge as the world of payments continues to shift to digital currency,” Ostryniec added.

See also: BigCommerce Enlists SheerID to Provide Merchant Discounts

Single-click integration means merchants can quickly begin offering cryptocurrency as another payment method. BigCommerce also enables merchants to choose the cryptocurrency payment solutions that will work best for their stores.

BitPay enables merchants to accept numerous cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP (XRP) and 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).

“Accepting cryptocurrency can be intimidating and complex with, at times, a learning curve. We’ve teamed with BigCommerce to help minimize the lift for merchants to add crypto as a payment option alongside their existing payment methods in just a few clicks,” said BitPay CEO Stephen Pair.

Read more: Integrating Crypto Payments Into the Merchant POS Demands Flexibility, Industry Savvy

CoinPayments is a crypto payment gateway that gives merchants the ability to accept real-time global payments from over 100 cryptocurrencies including Bitcoin, Ethereum and Litecoin.

“Amidst an increase in demand worldwide for alternative payment solutions, our partnership with BigCommerce provides merchants of all sizes with a trusted, streamlined, and scalable solution to accept cryptocurrency payments,” said Kalin Kalinov, chief marketing officer of CoinPayments.

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A PYMNTS survey of 2,124 US consumers shows that while two-thirds of consumers have used FinTechs for some aspect of banking services, just 9.3% call them their primary bank.

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