BitPay enables transaction in crypto including Dogecoin for Jomashop

By Pavithra R

Blockchain 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.