A partnership with crypto payment processor CoinPayments means bolstered digital asset payment compatibility for Canadian e-commerce giant Shopify. "Shopify is a natural fit for us," CoinPayments CEO Jason Butcher told Cointelegraph via email, adding: As they look to bring new features to their merchant base and CoinPayments works to drive cryptocurrency adoption globally, it makes sense to create an integration that enables easy, secure, and cost-effective transactions." Shopify sellers can accepts thousands of assets Shopify sellers can now harness CoinPayments' digital asset payment processing platform, paving the way for sellers to accept 1,800 different cryptocurrencies as payment, a May 20 …

Crypto.com launched a payment plug-in for Ecwid, an e-commerce platform similar to Shopify or WooCommerce. The plug-in allows merchants to accept crypto for their products. Crypto.com announced the partnership on Monday. The plug-in, called Crypto.com Pay Checkout, lets buyers pay with crypto for their products on e-commerce websites running on Ecwid, which the company claims are more than 1 million. The merchants can choose which currency they want to accept as settlement. While they can receive the cryptocurrencies directly, they can also avoid exposing themselves to volatility by letting Crypto.com convert the money to United States dollars or euros. The …

Network technology company Jinwowo and the China Mobile Blockchain Association Committee held a "cloud signing" ceremony on April 13 to partner on the development of the first “blockchain and e-commerce ecology" laboratory in Chongqing China, according to a Yuzhong news report. Blockchain solved the trust issue Jinwowo will develop a blockchain called ‘gold chain’ to help e-commerce enterprises solve trust issues and supplier responsibilities Issues. The aim is to make the e-commerce industry more trustworthy. The report quoted Jinwowo’s project manager as saying: “The laboratory will accelerate the application of blockchain in the field of e-commerce, including cross-border e-commerce, and …

Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain increases logistic transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to find out the purchasing goods detailed logistic information through scanning a QR code with Alipay. The updated Koala application is designed to provide consumers with a traceable icon after completing the purchase on the order page. A blockchain QR code and an anti-counterfeit fingerprint sign …

E-commerce giant Shopify has joined the Libra Association, a network of founding members supporting Facebook's stablecoin project Libra. Shopify, a major Canada-based digital commerce platform hosting more than one million merchants, will be collaborating on the establishment of a global payment network within the Libra Association, the firm officially announced on Feb. 21. The Libra Foundation has confirmed the news in a Facebook post, outlining that Shopify would be an “incredible partner in making widespread economic participation a reality.” Shopify believes that traditional financial system wasn’t built for Internet commerce In the announcement, Shopify claimed that its action to join …

Electra (ECA), the open-source Proof-of-Stake (PoS) blockchain project focused on digital payments, will begin beta testing its flagship product this month. Known as “ElectraPay,” the product functions as a financial management system that will let merchants adopt a cryptocurrency payment method that doesn’t require third-party service providers, banks, or credit card companies to complete transactions. Electra board member and coordinator Robert Bakker told Cointelegraph that ElectraPay is a management solution that lets e-commerce providers accept Electra’s ECA cryptocurrency via a Woocommerce plugin for WordPress. “ElectraPay is a management solution which allows a merchant to be paid in ECA directly in …

A crypto payment gateway is offering an easy way for merchants to integrate digital currencies into their websites. Coinremitter says its service is so simple that it can be set up by anyone and activated quickly — with powerful security ensuring funds are kept safe. The company’s payment gateway offers support for major cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Tether, along with more niche alternatives such as Dogecoin and Dash. According to Coinremitter, no ID or bank account is required to establish a payment gateway that is global, anonymous, free of chargebacks and “zero risk.” Once an account has …

Bitcoin (BTC) rewards shopping app Lolli has responded to Alibaba’s denial of a partnership between the two companies following Singles’ Day marketing blitz. CEO of Lolli Alex Adelman refuted Alibaba’s denial of partnership with Lolli. In an email to Cointelegraph on Nov 17, Adelman maintained that Lolli did have a partnership with the Alibaba Group, saying: “We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.” A partnership rejected It was previously reported that Lolli introduced an affiliate partnership with Alibaba enabling its shoppers to earn 5% …

It’s one of the biggest challenges facing blockchain and crypto — a hurdle only the industry can solve. Without a solution, even CEOs from major global exchanges fear that mass adoption will never be achievable. Scalability is the long-running thorn in the side of this fledgling technology, which is still relatively young and has yet to make meaningful inroads into the world’s economy. At a basic level, this relates to whether a blockchain network is capable of providing the same fast, high-quality experience to all of its users — irrespective of how many are online at any given time. Consumers …

On June 10, one of the top cryptocurrency media sites, CCN, initially announced that it would shut down, citing a June 3 Google Core Update for stifling its traffic. Writing on the website, the director and founder of CCN Markets and Hawkfish AS, Jonas Borchgrevink, blamed the update for an overnight fall of 71% of the site’s mobile traffic. While Borchgrevink noted that ups and downs are part of the business, such a vertiginous fall is unprecedented in its history. At the time of the post, the founder said that it could not support new additions to its team or …

Chinese e-commerce giant JD.com has applied for over 200 blockchain patents, according to a report by Securities Daily News on May 20. The report also notes that major e-commerce competitor Alibaba has applied for 262 blockchain patents, and Chinese internet titans Tencent and Baidu have applied for 80 and 50 such patents, respectively, as recorded by the Intellectual Property Center of China Information and Communication. According to interpretation of the data provided by Intellectual Property Center of China Information and Communication, JD.com was in first place for “global blockchain patent strength,” with Alibaba, Tencent, and Baidu coming it at second, …

Facebook’s potential expansion into crypto has been widely discussed in the past few months. Although the social media giant has not confirmed anything beyond having a blockchain department, new details about its digital token project continue to surface. Most recently, the Wall Street Journal (WSJ) reported that Facebook is talking to major payment networks Visa and MasterCard to raise a $1 billion for its crypto project, which reportedly entails a stablecoin along with a crypto-powered online payments system. Brief history of Facebook’s secretive crypto project Facebook has been rumored to be involved with cryptocurrencies for at least a year now. …