Partnership Between Coingate and Prestashop Gives 80,000 Merchants the Ability to Accept Cryptocurrencies

▤ Summary

In a promising move towards mainstream adoption, Coingate and Prestashop are teaming up to pave the way for 80,000 merchants in Europe to accept cryptocurrencies. The arrangement will permit consumers to pay for goods and services at any of the e-stores that use Prestashop’s e-commerce software solutions, using Bitcoin, Ether, Litecoin, Ripple, Dash, as well as 50 other altcoins the payment provider accepts. Prestashop has an ideal base of small to medium stores that may well utilize cryptocurrencies not only as 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.” “There is an entire new market of people who own all kinds of cryptocurrencies and are looking for ways to spend them,” Borisenka continued, “but the gap between customers and merchants in this sphere is still huge. It is therefore crucial to educate and encourage businesses to adopt a forward-thinking attitude and to overcome the prevailing misconceptions that surround cryptocurrencies.” After setting up an account with Coingate, the team promise merchants a payment process capable of installation in “a few clicks.” An added feature is that in settlement, regardless of what coin the consumer pays in, payments come to merchants in a single currency of their choosing — fiat or otherwise. Merchants who opt to receive Euro payouts from us, essentially, do not have to touch cryptocurrencies at all – we handle every stage of the process,” Borisenka explains.

▦ Linked Companies

PrestaShop

$10M to $25M