Even the CEO of Coingate, Dmitrijus Borisenka said that “Encouraging adoption among people beyond the tech-savvy early-adopters is one of the biggest priorities for us. Prestashop has an ideal base of small to medium stores that may well utilise cryptocurrencies not only as an innovative and increasingly popular payment method, which is much cheaper than traditional card payments but also the promotional benefits that the Bitcoin tag carries.” A Brand New Chance is Upward for Europeans. The platform known as Coingate, with the headquarter in Vilnius, is now a partner using Paris-based Prestashop: “an open source eCommerce solution”.
The Value of Customer Support
The new alliance is anticipated to increase over 80,000 European retailers. The idea of the project will be to provide more effective solutions by blending two suppliers of crypto payment providers. Therefore, additionally, it is desirable to decrease the time specialising in executing the payment operations.
It is, therefore, crucial to educate and encourage businesses to adopt a forward-thinking attitude and to overcome the prevailing misconceptions that surround cryptocurrencies.” Mr Borisenka.
Forex Trading – The Basics
Following the collaboration succeeds, both teams promise users a minimal payout period. The common payment method will encourage Bitcoin Cash, Bitcoin along with other 50 cryptocurrencies. From a retailer’s perspective, this project is a special opportunity that includes an innovative cryptographic network. An advantage for dealers is that payments are realized that the dealer prefers.
Mr Borisenka, the CEO of both Coingate supports using crypto assets in payment procedures as a safe financial resource. He added that “We protect our merchants from exchange rate volatility risk by locking the price of Bitcoin at the moment of the purchase. Merchants who opt to receive Euro payouts from us, essentially, do not have to touch cryptocurrencies at all — we handle every stage of the process.”
The settlements are accomplished in just two days, and this is where the volatility issue occurs. Both firms have experience in global markets. By way of instance, Coingate owns 1,500 reports and 50,000 users worldwide, along with also a $ 10 million profit a month. On the other hand, Prestashop possesses about 250,000 online stores in approximately 200 nations.
Both those businesses have a favourable reputation and high attention from users. That’s why, in conjunction, both of these will create a revolution from the crypto payment industry.