Store.com Declares Acceptance of Cryptocurrencies to Start the Subsequent Chapter of Enterprise

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Last weekend at Market America Worldwide Shop.com 2021 International Convention (MAIC2021), e-commerce company president Steve Ashley announced that Shop.com sites from around the world will be accepting cryptocurrencies through Bitpay. This means that Bitcoin, Ethereum, Bitcoin cash, and several other digital assets can be used to purchase products through Shop.com’s websites.

Shop.com now accepts digital currencies through Bitpay

Shop.com accepts cryptocurrencies through Bitpay, the largest crypto payment service provider in the world. Steve Ashley, President and COO of Shop.com, announced “the use of cryptocurrency as the next chapter when buying products on all Shop.com websites”. Ashley revealed the crypto support at the Market America Worldwide Shop.com 2021 International Convention (MAIC2021).

“Today I announce that Shop.com will offer Bitcoin, Ethereum and several other cryptocurrencies through Bitpay,” said Ashley. “We will be offering this on Shop.com sites worldwide in all of our market countries,” added Ashley.

Shop.com is a fairly popular ecommerce web portal, ranked 26,133 worldwide and 191st compared to “ecommerce and shopping” websites according to Similarweb.com statistics. Shop.com is owned by Market America, a multi-level marketing (MLM) company founded in 1992. Market America bought Shop.com in late 2010 for an undisclosed amount and it was unveiled to the public the year after the company was founded.

“Shop.com and Market America are such great brands,” said Sonny Singh, Bitpay’s chief commercial officer, in a statement to Bitcoin.com News. “What I really like about them, because they fit so well, is their international presence. The fact that you only produce 40% of your volume in America means it is a truly global brand, ”added Singh. Bitpay’s chief commercial officer continued:

It is very difficult to make payments in countries like Taiwan, Thailand, Argentina, Brazil and Indonesia. Credit cards are not everywhere and in these countries BitPay and Crypto are the cheapest and fastest payment option to accept Bitcoin and get crypto payment options as well.

JR Ridinger, Founder and CEO of Market America, said Shop.com continues to be a trendsetter thanks to Steve Ashley’s leadership. “As various online retailers scramble to come up with a plan of action to implement things like accepting cryptocurrency as an online payment method, thanks to Steve Ashley – we’ve already done that,” said Ridinger.

When visiting the Shop.com website, the web portal shows a newly added message about crypto acceptance. The message leads to a page that describes how Shop.com customers can use the Bitpay crypto payment system to pay for items. The website also states that Shop.com customers “can earn cashback on thousands of products with Bitpay”.

What do you think of Shop.com announcing that the company has implemented crypto acceptance across all of its websites? Let us know what you think on this matter in the comments below.

Tags in this story

Bitcoin, Bitcoin Cash, BitPay, Bitpay Payment Providers, Crypto Acceptance, Crypto Payments, Ethereum, Isotonix, JR Ridinger, MAIC2021, Market America, MLM, Shop.com, Sonny Singh, Steve Ashley

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.


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