4 major crypto coins to be adopted by 80,000 European merchantsSeptember 13, 2019
European crypto investors would be elated to know that they can now finally pay their online purchases with cryptocurrencies. The credit goes to a partnership between leading crypto payment gateway Coingate and top Paris-based ecommerce platform Prestashop. As per the new partnership, crypto payments will now be viable across 80,000 merchants all over the European continent. From now on, users will be able to pay through cryptocoins at any merchant outlet which uses Prestashop’s ecommerce program. More precisely, if you are an European crypto investor, you can use any coin approved by Coingate to make your payments to any Prestashop store.
Coingate has approved the 4 esteemed cryptocoins, namely BTC, ETH, XRP and LTC- and also 50 other major altcoins.
“This partnership (Prestashop & Coingate) is certainly a kind of revolution in the financial industry which has been really apprehensive of adopting crypto coins for payments initially. The partnership kind of brings crypto-based payments into the mainstream shopping world. And that will hopefully encourage the not-so tech-savvy users as well to adopt crypto for payments”, stated Sydney Ifergan, leading crypto expert and CEO of the currency analytics.
Being a crypto payment gateway, Coingate enables multiple businesses to have crypto coins as payments. Users are able to purchase crypto coins from Coingate site through debit card, credit card, bank transfer as well as mobile phone balance/credit. Users are even able to sell cryptocurrencies to Coingate.
Prestashop’s eCommerce (open-source) solution is used across 250,000 stores all over the globe and is available in 55+ languages. Among these 250,000 outlets, 80,000 stores will now integrate the Coingate solutions to facilitate crypto payments.
As part of the partnership, Coingate will be integrated to Prestashop’s back-end software to ensure a seamless user experience right at POS (Point of Sale). This much-awaited service is sure to delight crypto coin holders, who, for long, have been waiting to deploy their digital assets to buy services and goods in mainstream life.
“Our goal here is to motivate crypto adoption beyond the tech-savvy initial crypto adopters. Once, crypto payment facility becomes viable in a large number of stores, a lot of people will be inspired to adopt crypto- including those who are still reluctant to buy & use crypto and actively participate in the evolving crypto community”, noted Dmitrijus Borisenka, the CEO of Coingate.
The crypto community is hopeful that increased adoption of crypto coins in mainstream life will also finally leverage their status as “currencies” in the financial market.