CoinGate and PrestaShop announce a partnership to enable tens of thousands of online merchants to start accepting cryptocurrencies as a payment method. The integration of CoinGate services into the back-end of PrestaShop platform will reach at least 80,000 EU-based merchants.
CoinGate and PrestaShop partnership is a significant step in the adoption of cryptocurrencies. CoinGate CEO Dmitrijus Borisenka explains the reasoning behind the collaboration. He stresses the importance of enabling the masses to access this new exciting technology.
About CoinGate. CoinGate, based in Vilnius, Lithuania, is a cryptocurrency payments company established in 2014. The company offers a range of blockchain-focused services for businesses and individuals, including automated payment processing and brokerage services. CoinGate has a user base 50,000 and boasts monthly volumes exceeding over €10 million with over 1,500 merchants using the company’s payment gateway.
About PrestaShop. Founded in 2007, PrestaShop delivers an open source e-commerce software that offers an efficient, powerful, flexible and innovative platform. Today more than 270,000 e-stores in 195 countries operate under PrestaShop. PrestaShop’s mission is to work side by side with the e-merchants to grow their business and give them all the tools to be the most successful possible. Present in Europe and the U.S., the company has been funded by XAnge Private Equity, Seventure Partners et Serena Capital.
Charlie Lee also tweeted about this partnership recently:
This tie-up will allow many online merchants to accept digital currencies as a payment mode. The integration of CoinGate services into the back-end of PrestaShop platform is a significant step in cryptocurrency adoption.
Charlie Lee himself replied to this saying:
“How about all the ones that I promoted that are not failures? Coinbase Commerce, Aliant, GoCoin, CoinPayments, BTCPay, and many many more. This trolling is getting boring. Which bits of advice where you disappointed in? In the long run, if all your money is in crypto, no need to replace it. In the short term, merchants should give a crypto discount.”
‘It also looks like followers will Bombard such leaders even for the slightest glitches or errors and missing a partnership news for almost a month is simply not acceptable and moreover, this is a great news for Litecoin [LTC]’, says an LTC holder.
Dmitrijus Borisenka, CEO of CoinGate explained the ideology behind the partnership while stressing the importance of ensuring the new technology reaches the mass.
CoinGate and Prestashop have teamed with a promising move towards mainstream adoption of cryptocurrencies to permit consumers to pay for services and goods using Bitcoin, Ether, Litecoin, Ripple, Dash and 50 other altcoins in e-stores that accept and use Prestashop’s e-commerce software.