back Back

BitPay enables transaction in crypto including Dogecoin for Jomashop

By Pavithra R

May 20, 2021

  • America
  • Bitpay
Share

BitPay enables transaction in crypto including Dogecoin for JomashopBlockchain payment technology provider BitPay has announced that Jomashop, a premier authentic luxury goods retailer, is accepting cryptocurrency online to attract new customers and sales, and is expanding payment options for its global clientele.

The ability to accept crypto is expected to expand Jomashop’s sales opportunity with those in the crypto space who have benefited from the 2 trillion market capitalization as well as into international markets where accepting credit cards is not practical and wire transfers are cumbersome.

“Jomashop is seeing increased demand for cryptocurrency and turned to BitPay to be able to accept BTC, ETH, DAI, DOGE and more because they make it easy to handle the entire process of getting the crypto from the customer and depositing cash into our account. We are now able to offer our luxury goods to affluent users who prefer to pay using cryptocurrency and serve our international customers where it’s easier and faster to pay using bitcoin and other cryptocurrencies,” said Alex Sternberg, Vice President at Jomashop.

Crypto payments reduce high fees and increase payment transparency and efficiency. BitPay enables businesses in  accepting cryptocurrency as a form of payment without having to buy, own or manage crypto. Crypto payments represent a massive opportunity for Jomashop to reach new customers who want to spend BTC, BCH, ETH, DAI, DOGE and stablecoins USDC, GUSD, PAX and BUSD.

“Cryptocurrency is quickly moving mainstream and forever changing the way businesses and consumers receive and spend funds, and BitPay is helping leading businesses like Jomashop who want to transact in crypto. Jomashop is realizing the potential for crypto to transform its organization by making payments faster, more secure, and less expensive on a global scale,” said Stephen Pair, CEO with BitPay.

Founded in 2011, BitPay builds powerful, enterprise-grade tools for crypto acceptance and spending. The FinTech is developing blockchain payment technology to transform how businesses and people send, receive, and store money worldwide. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and enable borderless payments in cryptocurrency.

Previous Article

May 20, 2021

Asia Alliance Bank selects ICS BANKS Islamic Banking software solutions

Read More
Next Article

May 20, 2021

Saxo Bank rolls out new Crypto FX trading for Bitcoin, Ethereum & Litecoin

Read More






IBSi Daily News Analysis

cloud,

July 19, 2024

America

SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 23, 2024

4 BNPL platforms providing financial freedom to consumers in MENA

Read More

July 23, 2024

Paytm & Axis Bank to offer POS solutions to merchants

Read More

July 23, 2024

Klarna integrates Sofort payment service with Klarna Payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024