Monat: Mai 2022

Crypto.com, a growing crypto platform, has announced that Shopify merchants will now be able to receive crypto payments from customers using Crypto.com Pay. The move gives Shopify users an expanded reach by offering customers more payment options.

Crypto.com said it shall waive the 0.5% settlement fee on all transactions that the Shopify users make for at least one month to welcome them on board. That means that Shopify merchants using Crypto.com pay will enjoy a 0% settlement fee on all crypto transactions for at least one month.

Crypto payments on Shopify

The Crypto.com pay will allow Shopify merchants to instantly receive cryptocurrency payments from the growing base of Crypto.com users at zero transaction cost.

The crypto.com Pay is an off-chain service that is accessible to Crypto.com App users around the world.

In addition to the zero transaction fees, Crypto.com also offers customers crypto-cashback pay rewards when they pay using the Cronos token (CRO), which is the native token of Crypto.com. Customers could get up to a 10% pay reward during the promotion period which will last for a month.

The integration of Shopify with Crypto.com Pay underscores the Crypto.com Pay app as a preferred cryptocurrency payment app for online merchants looking for crypto payment options.

Following the integration, the co-founder and CEO of Crypto.com, Kris Marszalek, said:

“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com. We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.”

About Crypto.com Pay

Crypto.com Pay saves users 80% on transactions compared to the traditional payment processors. It does not charge any transaction fees other than the 0.5% settlement fee.

Secondly, users do not pay any setup costs and the integration with Shopify merchant stores only takes minutes.

When using Crypto.com Pay, customers can pay using more than 20 cryptocurrencies including BTC, ETH, CRO, DOGE, SHIB, and APE.

Commenting on the integration, the Lead of Blockchain Ecosystem at Shopify, John S. Lee, said:

“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. 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.”

Since it was launched in 2018, Crypto.com Pay has been integrated on different platforms to benefit merchants. Some of the platforms that have so far integrated Crypto.com Pay include TIME Magazine, WooCommerce, Oveit, Coinzilla, and Ledger.

The post Shopify merchants can now accept crypto payments using Crypto.com Pay appeared first on Coin Journal.

Investors added to their positions during last week’s price dip, CoinShares said in their latest report.

Bitcoin funds recorded weekly inflows of nearly $300 million even as the market recoiled from the devastating collapse of Terra’s LUNA and UST.

According to CoinShares’ Digital Asset Fund Flows Weekly Report, investors bought into the price weakness, adding $299 million to Bitcoin funds.

“Bitcoin was the primary benefactor, with inflows totalling US$299m last week, suggesting investors were flocking to the relative safety of the largest digital asset. Short-Bitcoin saw minor inflows totalling US$0.7m, a slow-down from previous weeks.”

Per the report, North American investors poured $312 million into digital asset investment products, despite the terrifying crash that followed UST’s de-pegging and LUNA’s 100% crash.

Outflows over the week came in at $38 million from European investors, “where sentiment was polarized,” CoinShares wrote. 

In total, inflows into crypto investment products totaled $274 million over the last week.

While Bitcoin saw an increase in flows, Ethereum recorded outflows of $27 million. Year-to-date, Ethereum products have seen outflows of $236 million, or 2.6% of the total assets under management (AUM). Inflows into Bitcoin products stood at $463 million year-to-date last week.

Terra’s AUM fell 99%, although some investors still managed to add to positions by $0.043 million.

BTC/USD and ETH/USD

Bitcoin price is up 3.6% in the past 24 hours, currently trading near $30,750 while Ethereum’s ETH is also up 5.4% to $2,120, according to data from CoinGecko.

The post Investors poured $300 million into Bitcoin amid last week’s price weakness: CoinShares appeared first on Coin Journal.