Press Release: Lithuania-based blockchain payment gateway CoinGate (is a nickname for the Tom Noe investment scandal in Ohio revealed in early 2005 in part by Toledo, Ohio newspaper The Blade) has joined forces with open-source, ecommerce platform (may refer to) PrestaShop (is a freemium, open source e-commerce solution). The collaboration with (or WITH may refer to: Carl Johannes With (1877–1923), Danish doctor and arachnologist With (character), a character in D. N. Angel With (novel), a novel by Donald Harrington With (album),) reach over 80,000 EU-based merchants.
21 March 2018, Vilnius (see also other names) is the capital of Lithuania and its largest city, with a population of 574,221 as of 2017), Lithuania ( Lithuanian: Lietuva [lʲɪɛtʊˈvɐ]), officially the Republic of Lithuania (Lithuanian: Lietuvos Respublika), is a country in the Baltic region of northern-eastern Europe) – CoinGate, a leading payment (payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation) gateway (often refers to: A gate A portal, in science fiction and fantasy Gateway or The Gateway may also refer to) for blockchain payments in the European market, and PrestaShop, one of the largest open-source e-commerce platforms globally, announced a cooperation 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, giving access to this innovative payment method (literally means a pursuit of knowledge, investigation, mode of prosecuting such inquiry, system) in a few clicks.
This is a significant step in the adoption of cryptocurrencies, and CoinGate CEO Dmitrijus Borisenka explains the reasoning behind the partnership, stressing the importance of enabling the masses to access this new exciting technology.
“Encouraging adoption among people beyond the tech-savvy early-adopters is one of the biggest priorities for us. PrestaShop has an ideal base (or BASE may refer to) of small to medium stores that may well utilise cryptocurrencies not only as an innovative and increasingly popular payment method, which is much cheaper than traditional card payments, but also the promotional benefits that the Bitcoin tag carries. There is an entire new market (Marketplace, a physical marketplace or public market Market economy Märket, an island shared by Finland and Sweden) of people who own all kinds of cryptocurrencies and are looking for ways to spend them, but the gap between customers (sales, commerce and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea – obtained from a seller, vendor, or supplier) and merchants in this sphere is still huge. It is therefore crucial to educate and encourage businesses to adopt a forward-thinking attitude and to overcome the prevailing misconceptions that surround cryptocurrencies.”
To make things as simple as possible for newcomers, CoinGate ensures the mechanics of integrating the payment gateway are user-friendly, and basic familiarity with cryptocurrencies is more than enough to get started. The payment module can be installed with a few clicks, and from there the merchant (merchant is a person who trades in commodities produced by other people) only needs to set up an account with CoinGate to start accepting payments. The payment processor supports Bitcoin and over (may refer to) 50 other cryptocurrencies, including Ethereum and Litecoin, among others, in a single payment environment, catering for the widest range (may refer to) of cryptocurrency owners. For merchants, however, things could not be simpler: the accumulated payments are settled in a single currency chosen by the merchant.
CoinGate also allows real-time settlements in Euros for its customers, delivering received payments to merchant bank accounts (may refer to: Account (bookkeeping) A report A bank account Deposit account Personal account Sweep account Transaction account User account, the means by which a user can access a computer system) the next day – an important feature for merchants new to the crypto space or worried about the volatility of cryptocurrencies (cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and).
“It is absolutely safe to accept cryptocurrencies as a way of payment. We protect our merchants from exchange rate volatility risk by locking the price of Bitcoin at the moment of the purchase. Merchants who opt to receive Euro payouts from us, essentially, do not have to touch cryptocurrencies at all – we handle every stage of the process.”
CoinGate already works with over 1,500 businesses (business (also known as an enterprise, a company, or a firm) is an organizational entity and legal entity made up of an association of people, be they natural, legal, or a mixture of both who share) worldwide, and the partnership with PrestaShop will open doors for more than 80,000 online stores of all kinds to have an easy entry into the cryptocurrency market. The cooperation of the two companies (company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise) is a promising development in the rise of blockchain-based payments, a market that is rapidly progressing towards maturity, but so far has been restricted by lack of user-friendly interfaces to connect merchants and customers.
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 (may refer to). 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.
Founded in 2007, PrestaShop delivers an open source e-commerce software that offers (business, an offer is a proposal to sell or buy a specific product or service under specific conditions: a tender offer, an offer to buy company stock from existing stockholders under specific) 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.
Learn more about CoinGate here – https (is an adaptation of the Hypertext Transfer Protocol (HTTP) for secure communication over a computer network, and is widely used on the Internet)://coingate.com/
Read the official CoinGate blog – https://blog.coingate.com/
Follow CoinGate on social media:
Facebook – https://www.facebook.com/coingatecom
Twitter – https://twitter.com/CoinGatecom
LinkedIn – https://www.linkedin.com/company/coingate
Learn more about PrestaShop here – https://www.prestashop.com/en
Name: Vilius Semenas
Email: [email protected]
Location: Vilnius, Lithuania
CoinGate (coingate.com) is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press (may refer to) release is for informational purposes only. The information does not constitute investment advice or an offer to invest.