Shopify partners with GoCoin to enable Litecoin, Dogecoin payments for 120,000 merchants

Shopify has brought on GoCoin, giving its 120,000 supported merchants the option of accepting litecoin and dogecoin Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term. Like with Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, holders of these currencies pay their dollar equivalent value and the merchant can receive the entire amount in fiat.

Shopify aims to help anyone looking to sell a product set up a turnkey e-commerce solution. Merchants use Shopify’s tools for full control over their site’s design and to securely accept credit card payments. They are reportedly Canada’s first startup to reach a $1 billion valuation after the dot.com bubble.

Shopify's decision was spurred by merchant demand.

GoCoin's expansion to supporting Litecoin and Dogecoin has differentiated it from its peers sticking only with Bitcoin, making them the choice for merchants which may have otherwise gravitated to the more popular Coinbase and BitPay.

Already supporting BitPay, Shopify brought on Coinbase in July. By now adding GoCoin, they join PayPal as a rare company supporting all three processors.