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Shopify Expands Crypto Payment Options With Pact

Merchants using e-commerce platform Shopify (SHOP) now have access to as another way for accepting cryptocurrency payments.

  • Sellers using the Pay feature can allow customers to settle their accounts with over 20 tokens, according to a statement.
  • Strike, the payments network headed by Jack Mallers, announced integration for Bitcoin Lightning payments with Shopify in April. Merchants are also able to accept crypto with Coinbase Commerce and BitPay, according to Shopify’s website.
  • “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,” John Lee, Shopify’s lead of blockchain ecosystem, said.
  • As a bonus, Shopify merchants using Pay will not pay settlement fees for one month.
  • Shares of Ottawa-based Shopify rose more than 11% in NYSE trading as of 15:28 UTC.

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