Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space

Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space

[heading]Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space[/heading]

In what is huge news for the world’s most well-known cryptocurrency, Shopify has announced this evening Bitcoin integration, and that people with stores at shopify can now accept Bitcoin. The feature is currently manual, but nonetheless this huge news, as the website Shopify is one of the largest in the world.  With nearly 55,000 links linking into Shopify’s website, it easily makes it one of the biggest Bitcoin affiliated websites on the net. From their recent blog post:

Hey Everyone,

Just a quick update on this: our Bitpay integration is feature-complete and can be added to your store now. Due to the fact that it’s a very new feature and not something we’re ready to roll out to all stores just yet, you will need to contact me to have it enabled, and I may want to follow up with you for your feedback once you’ve been using it for a while, but it works. When active, Bitpay will appear as a credit card processor in the Checkout page of your shop admin – enter your access key and you’ll be all set to go.

One caveat: at this time, Bitpay functions in the same way as the other credit card processors on Shopify, meaning that you can’t use Bitpay in conjunction with Authorize.net, Stripe, or other credit card processors. PayPal Express Checkout can be used as a secondary option with Bitpay in the same way it can be used with all other gateways.

To activate, email me your shop URL at brian@shopify.com and I’ll do my best to get everyone up and running promptly!

 

Shopify is an e-commerce platform that enables individuals and businesses to create online stores. Some of those aforementioned links come from popular websites like CNET, The Wall Street Journal, The New York Times, The Vancouver Sun, The Financial Post, TechCrunch and Mashable.

On December 12, 2010 Shopify secured the acquisition of $7 million in Series A funding, planning on using the proceeds towards product development, international expansion, technology, and infrastructure and developer tools.  Then, on October 17, 2011, Shopify secured the acquisition of $15 million in Series B funding, planning at that time to hire more staff, consider acquisitions, and attract app developers to create plug-ins for the Shopify App Store.

In August of 2013, Shopify introduced their iPad-Centric POS System for Online and In-Store Sales. Could Shopify now be in line to lead up Bitcoin’s widespread adoption in the world of mobile payments? While the potential is there for Bitcoin in this regard, there have been some shortcomings.  For now, this app accepts payments from Visa, MasterCard, and America Express. Is Bitcoin next?

This is bullish for the Bitcoin price, and from my contacts I hear there is absolutely no sell orders on their books. However, at GoldSilverBitcoin, we have admittedly seen considerable demand for precious metals, something which ought to sit well with silverbugs and goldbugs alike.

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