Crypto.com launched a payment plug-in for Ecwid, an e-commerce platform similar to Shopify or WooCommerce. The plug-in allows merchants to accept crypto for their products.
Crypto.com announced the partnership on Monday. The plug-in, called Crypto.com Pay Checkout, lets buyers pay with crypto for their products on e-commerce 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 United States dollars or euros.
The currencies supported by the plug-in include Bitcoin (BTC), Ether (ETH), Litecoin (LTC), XRP and the website's native token, Crypto.com Coin (CRO). Using CRO will also entitle clients for cashback on their crypto.
To support the initiative, Crypto.com will also waver the settlement fee for the first six months of using the plug-in on Ecwid.
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.