Crypto.com launched a payment plugin for Ecwid, an ecommerce platform similar to Shopify or WooCommerce. The plugin allows merchants to accept crypto for their products.
Crypto.com announced the partnership on May 11. The plugin, called Crypto.com Pay Checkout, lets buyers pay with crypto for their products on ecommerce 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 U.S. dollars or euro.
The currencies supported by the plugin include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP and the Crypto.com Coin, CRO. Using CRO will also entitle clients for cashbacks on their crypto.
To support the initiative, Crypto.com will also waver the settlement fee for the first six months of using the plugin on Ecwid.
Continuous expansion
As reported by Cointelegraph, Crypto.com has big plans for 2020, which include the expansion of its exchange and its debit card program.
In April, Ledger added Crypto.com’s merchant solution to sell its hardware wallets for crypto.
In March, Cointelegraph reported about Crypto.com’s integration with tax software that helps keep track of crypto asset purchases.