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Crypto.com Expands Services With Shopify Offering 0 Transaction Fees

Skylar Shaw

May 18, 2022 09:45

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Crypto.com, one of the world's most well-known cryptocurrency exchanges, announced today that Shopify merchants may now accept cryptocurrency payments with Crypto.com Pay.

Crypto.com Extends Its Merchant Network

Shopify merchants will be able to tap into the market of clients who choose to pay in cryptocurrency, as well as provide chances for existing users who want to take use of this feature.


To further encourage Shopify retailers, Crypto.com is offering to eliminate the 0.5 percent settlement charge on all transactions for the first month following integration. Crypto.com will be able to spread its payment services to additional Shopify customers as a result of this.


Crypto.com now allows customers to make payments anywhere in the globe with no transaction fees, and it also encourages people to utilize its native currency, Cronos, with its payment platform. Users that purchase with Cronos on Crypto.com earn a substantial amount of crypto-cashback, which may reach 10% during specific times.


Users of Crypto.com will soon be able to pay Shopify merchants in 20 different cryptocurrencies, ranging from Bitcoin to Apecoin, as well as Ethereum, Cronos, Dogecoin, and Shiba Inu.


"Providing more consumers and merchants the chance to participate in commerce using cryptocurrencies is a goal for Crypto.com," said Kris Marszalek, Co-founder and Chief Executive Officer (CEO) of Crypto.com. We're ecstatic to be integrating with Shopify and bringing this functionality to even more consumers and businesses across the globe."

Crypto.com Expands Its Collaborations

With brand champions like Matt Damon, Crypto.com's strongest strength is marketing and advertising. As a result, the exchange is expanding to reach a larger audience.


The most recent move in that plan was Crypto.com's five-year collaboration with the Australian Football League, which saw it become the official cryptocurrency exchange and trading platform for both the AFL and the AFLW.


While it shines in terms of growth, it may struggle in terms of investor recovery as Cronos shareholders attempt to recover from the disastrous May 9 catastrophe.


CRO is up 16.64 percent this week, but it will be difficult for the cryptocurrency to recover from the 43.35 percent price drop experienced during the meltdown.

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