Shopify Expands Payments with Pay
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20 May

Shopify merchants can now accept more cryptocurrencies as a means of payment as the commerce platform has added support for Pay. The company said in a blog post that will charge a 0.5% settlement fee on all transactions for one month after integrating.

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To boost the adoption, said it will incentivize businesses to use Pay with crypto-cashback with the Cronos token (CRO), which can be "up to 10% during the promotion periods." John S. Lee, Lead of Blockchain Ecosystem at Shopify:

"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."

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With the upgrade, Shopify merchants could accept over 20 tokens, including bitcoin (EXANTE: Bitcoin), ether (ETH), CRO, shiba inu (SHIB), dogecoin (DOGE) and even apecoin (APE). Shopify first added support for cryptocurrencies back in May 2020. Shopify then signed a partnership agreement with CoinPayments, a cryptocurrency payments processor, to accept digital coins as a payment method.

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