Cryptocurrency is a digital or virtual currency that uses cryptography for security. It offers decentralized control and can be used as a medium of exchange.
Accepting cryptocurrency can reduce transaction fees, increase payment security, and offer faster transaction processing, enhancing the overall customer experience.
Shopify allows stores to integrate cryptocurrency payment gateways like Coinbase Commerce and BitPay, providing seamless crypto transactions.
By accepting crypto payments, Shopify stores can attract tech-savvy customers and those who prefer digital currencies, expanding their market reach.
To mitigate the risk of price volatility, Shopify stores can convert cryptocurrency payments into fiat currency instantly using payment gateway services.
Cryptocurrency transactions are secured by blockchain technology, reducing the risk of fraud and chargebacks for Shopify store owners.