Despite a current downturn, the global cryptocurrency market remains active and fascinating to say the least—and a trend with enough traction to grab the attention of virtually all companies. [Read more…] about Five Fintech Firms Fully Embracing Crypto in Canada
Shopify
Shopify Partners with Twitter, Google for Latest Commerce Integrations
Ushering in “the next era of commerce,” Shopify this month announced many new features and upgrades to its platform, including partnerships with two of the biggest technology companies on the planet. [Read more…] about Shopify Partners with Twitter, Google for Latest Commerce Integrations
Shopify Embraces NFTs with ‘Tokengated Commerce’
Shopify is well aware of the buzz surrounding non-fungible tokens.
Buy them, sell them. Sounds commerce-y, right? Yes, but Shopify is looking to extract more dynamic value from the emerging blockchain technology. [Read more…] about Shopify Embraces NFTs with ‘Tokengated Commerce’
Shopify Makes Accepting Crypto Easy for Merchants with Latest Integrations
Crypto.com announced recently that Shopify merchants can now enable Crypto Pay on their online storefronts, giving customers more ways to make their purchases.
Founded in 2016, Crypto.com is an exchange app offering 250 cryptocurrencies to 50 million customers across 90 countries. Crypto Pay allows merchants to receive cryptocurrencies instantly from a global base of users with zero transaction fees.
“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com,” said Kris Marszalek, Chief Executive Officer of Crypto.com. “We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.”
Through Crypto.com Pay, customers can pay with more than 20 tokens, including BTC, ETH, CRO, SHIB, and even DOGE.
“We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders,” said John Lee, Lead of Blockchain Ecosystem at Shopify.
Last month, Shopify struck a similar integration deal with Strike, a digital payments platform built on Bitcoin’s Lightning Network.
“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,” Lee added.
“We’re proud to partner with Shopify to provide merchants with a cheaper and faster way to accept US dollars using Bitcoin technology,” Jack Mallers, CEO of Strike, said in April. “The Lightning Network is a global payments network that lowers costs, enhances speed, drives innovation, improves financial inclusion, and brings the power of choice to consumers and merchants.”
In a similar vein, crypto acceptance is also gaining steam amongst non-profit organizations too.
Shopify Founder Tobi Lütke Among backers In Crypto Platform Newton
Toronto’s Newton Crypto today announced that it has completed a $25 million Series B funding round, led by the partners from DV Chain and with participation from Shopify co-founder Tobias Lütke’s Snowdevil Capital. [Read more…] about Shopify Founder Tobi Lütke Among backers In Crypto Platform Newton
Shopify Announces First Billion-Dollar Quarter
Ottawa-based e-commerce giant Shopify recently announced its first-ever $1 billion revenue quarter. As part of its Q2 2021 financial results, Shopify claimed $1.12 billion in total revenue, up 57% year-over-year. [Read more…] about Shopify Announces First Billion-Dollar Quarter
Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
Vancouver’s Bench has raised a $72.5 million in Series C financing led by Contour Venture Partners.
The funding round more than doubles Bench’s total funding to over $120 million, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. [Read more…] about Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
Shopify Merchants Will Be Showcased on Google’s Shopping Site
Google announced on day one of the GoogleI/O 2021 software developer conference that it has expanded its partnership with e-commerce platform Shopify, and that it will offer an enhanced shopping experience for Photos and Chrome users.
[Read more…] about Shopify Merchants Will Be Showcased on Google’s Shopping Site
Shopify Balance To Be Powered By Stripe, Evolve Bancor
Payment processing giant Stripe and Evolve Bancorp will power two products within Shopify Balance, the Canadian e-commerce giant’s business banking offering first revealed earlier this year. [Read more…] about Shopify Balance To Be Powered By Stripe, Evolve Bancor
Affirm Partners With Shopify to Power Shop Pay Installments in the U.S.
Lending startup Affirm is partnering with Shopify in the United States to let the e-commerce company’s shoppers pay in installments. [Read more…] about Affirm Partners With Shopify to Power Shop Pay Installments in the U.S.