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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies – Bitcoin News

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On Tuesday, Atlanta-based cryptocurrency payment company Bitpay announced that Israeli software company Wix had activated its e-commerce product Software as a Service (SaaS) to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies including Bitcoin, Dogecoin, Bitcoin Cash, Ethereum, Litecoin and Stablecoins.

SaaS platform Wix implements Bitpay infrastructure so merchants can accept crypto

The global SaaS platform Wix was founded in 2006 by Israeli software engineers Nadav Abrahami, Avishai Abrahami and Giora Kaplan and offers users the opportunity to develop both mobile and HTML5 websites without programming experience. On October 12th, Wix announced that it would implement Bitpay’s cryptocurrency payment processing infrastructure so that users could choose it as an option on Wix’s e-commerce platform.

In addition to five different stablecoins such as BUSD, DAI, GUSD, USDP and USDC, Wix Merchant users can also accept Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), packaged Bitcoin ( WBTC) and XRP (in certain jurisdictions). Metrics show that Wix has approximately $ 1 billion in revenue from its product services such as website builder, business management services, and web hosting.

“Wix is ​​one of the largest and most widely used web development platforms with over 210 million users, so this is another step forward in moving the cryptocurrency mainstream,” Bitpay CEO Stephen Pair said in a statement. “Companies can get to market quickly and generate additional sales by tapping the massive trillion-dollar cryptocurrency market,” added Pair.

Wix Executive Notes That The Move Offers Merchants “A Whole New Market Of Customers Who Prefer To Pay With Crypto”

Last year, Bitpay worked with well-known companies such as Universal Air Travel Plan (UATP), youth fashion and retail brand Pacsun, Shop.com, Dr. Luke’s music company Prescription Songs, the luxury hotel, has made a number of moves in the industry group The Kessler Collection, Verifone, the pet services platform Wag, the virtual cloud desktop startup Shells, the luxury fashion e-tailer Jomashop and the leader in collector’s cars, Vintage and antique motorcycles and street art sales Mecum Auctions.

“We continue to work with innovative payment partners to offer Wix merchants even more payment options for their customers,” said Omer Shatzky, head of accounting and payments at SaaS company Wix. “With Bitpay, Wix merchants have access to a whole new market of customers who prefer to pay with Bitcoin and other cryptocurrencies, and an opportunity for their business to tap into the growing cryptocurrency market.”

According to the announcement, Wix merchants and their customers will be able to use the Bitpay service in the US, UK, Germany, Canada, Australia and Brazil in the first phase of the Wix roll out.

What do you think of Wix implementing Bitpay’s crypto payments infrastructure so that Wix merchants can accept digital assets? Let us know what you think on this matter in the comments below.

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12 Kryptos, Australia, Bitcoin (BTC), Bitcoin Cash BCH, BitPay, Bitpay CEO, Brazil, Canada, Dogecoin (DOGE), E-Commerce, E-Tailer, Ethereum (ETH), Germany, Litecoin (LTC), SaaS, Stablecoins, Stephen Pair, UK, USA, Wix, Wix Executive, Wix Merchant, Wix.com, Wrapped Bitcoin (WBTC), XRP

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Cryptocurrency Billionaire Justin Sun Has Bought More Than $100 Million Worth of Art This Year. So What’s He Going to Do With It?

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When Sotheby’s record-breaking Macklowe Collection auction received the winning bid of $ 78.4 million for Giacometti’s Le Nez (1947) earlier this month, curious minds immediately began to speculate who the buyer was. Maybe it was hedge funder Steve Cohen, a longtime collector of the artist’s work? Or maybe the Qatari royal family?

Just a few days after the sale, the real buyer showed up: Justin Sun, the Chinese-born, 31-year-old tech billionaire and founder of the cryptocurrency platform TRON. The news served as positive evidence that at least some of the new crypto rich are putting their money into the arts. So far this year, Sun has spent more than $ 100 million on auctions.

Now the entrepreneur says he’s just beginning to build his art collection – and his appetite includes installations, videos, classic contemporary and more. Although he was unable to attend Art Basel Miami Beach due to travel restrictions, plans to buy through galleries and in the primary market soon, he said, with an eye to emerging talent. These purchases are displayed in the metaverse as the IRL items are loaned to institutions around the world.

Alberto Giacometti, Le Nez. Conceived in 1947; this version was conceived in 1949 and cast in 1965. Courtesy Sotheby’s.

“Because our goal is to build the best and most diverse collection of contemporary art, we’re interested in a variety of art forms and categories such as video, music, installation, and AI art that we don’t already have,” said Sun. “Most of the works of art we own are static and we strive to diversify our collections to enrich our museum in the Metaverse … art that anyone can see and engage in interesting conversations to spark creativity.”

In addition to Le Nez, Sun has acquired a Picasso portrait of Marie-Thérese valued at £ 14.6 million ($ 20 million); a triptych of “Dread Wig” portraits by Andy Warhol for £ 1.4 million ($ 2 million); KAWS Untitled (Kimpsons) (2001) for HK $ 2.5 million ($ 323,647); and Cube by top NFT artist Murat Pak.

Many of these works, acquired from Sun through the APENFT Foundation, are now being digitally assimilated to “see” in the APENFT Virtual Museum on cryptovoxels in the Metaverse, a virtual world powered by the Ethereum blockchain. Those who have the technology – Oculus Quest, Oculus Rift, and HTC Vive – can explore it up close.

“The traditional art world is extremely opaque and buying art is seen as only for the privileged,” Sun said. “Just as blockchain democratizes finance like never before, we want to democratize the art market by registering blue-chip art as NFTs in the blockchain and enabling a creative economy.”

Sun hopes to bridge the gap between the metaverse and the art world universe by loaning some of the physical works to institutions. “We look forward to working with some of the world’s leading museums to further explore this concept and, more importantly, bring its real world application to the art world,” he said.

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Cryptocurrencies brace for winter, virtual Adidas and a bitcoin city

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A representation of the virtual cryptocurrency Bitcoin can be seen in this illustration from October 19, 2021. REUTERS / Edgar Su / File Photo

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  • Omicron worries weigh on important cryptocurrencies
  • Ether and other DeFi, Metaverse-Linked Tokens outperform Bitcoin
  • El Salvador wants to build “Bitcoin City”
  • Adidas cooperates with Coinbase

Nov 29 (Reuters) – Cryptocurrencies last week survived one of the biggest market shocks since the early days of the pandemic, with El Salvador being a notable buyer as investors decided not to share Adidas’ excitement over a foray into the busy Metaverse.

El Salvador’s plans to build the world’s first “Bitcoin City” and the entry of Adidas were the bright spots for digital assets in a week in which major cryptocurrencies were overwhelmed by fears about the new Coronavirus variant Omicron.

Bitcoin was down 0.5% on Monday and has lost about 17% of its value in the past 19 days from a record $ 69,000. But competing currency ethers and tokens associated with the metaverse and decentralized financial applications have done better.

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Adidas’ move made waves after the German sporting goods retailer announced a partnership with Coinbase Global Inc (COIN.O) in a tweet, even though the shares of Adidas (ADSGn.DE) did not participate in the celebration.

The company also bought a piece of virtual land called “adiVerse” in the blockchain-based world The Sandbox, with the German company hinting that it would expand it to offer virtual reality products, and comes at a time when it does Best seller warned due to supply chain issues.

“This is something big because it is also an indication of what will hit the fans in the NFT area in a few months: the Adidas sneakers and other virtual branded clothing, shoes and objects,” said Ipek Ozkardeskaya, senior analyst at Swissquote .

The price of SAND, the virtual currency used to buy real estate and other items, rose 90% on the news to $ 7.18, according to CoinGecko, and received a second spike since Facebook in Meta Platforms Inc late last month ( FB.O) was renamed. Continue reading

MANA, the speculative currency used in the leading blockchain-based online world, Decentraland, rose 36% to $ 4.90. Land and other items on Decentraland are sold in the form of non-fungible tokens (NFTs).

In addition to the sell-off sparked by the Omicron news, the biggest headwind for Bitcoin and Ether last week came from an announcement by the Indian government about a law that would restrict most private cryptocurrency transactions by the country’s estimated 15 to 20 million crypto investors would prohibit. Continue reading

‘SURVIVE WINTER’

Bitcoin traded around 4,376,477 Indian rupees ($ 58,296.12) on India’s WazirX exchange, a slight premium to outside of the country prices that reversed from a 15% discount on Tuesday following the announcement.

“When it comes to a blanket ban, in combination with China you are talking about two centers of the world’s population that are effectively frozen out of crypto,” said Simon Peters, crypto analyst at eToro.

Elsewhere, the President of El Salvador announced plans to build the world’s first “Bitcoin City”, which was originally financed by Bitcoin bonds. In September El Salvador introduced Bitcoin as legal tender. Continue reading

Average daily trading volume across all digital asset product types declined an average of 13% through the end of October through November 19, while net inflows averaged $ 203 million, half of October, according to data from CryptoCompare.

It found that assets under management in Bitcoin-related products rose by 9.5% to 48.7 billion in the first three weeks of November.

Decentralized finance-related tokens Solana (SOL) and Litecoin-based products achieved in the 30 days to 19

A piece of virtual real estate in Decentraland was sold for a record $ 2.4 million in cryptocurrency on November 23, the buyer – crypto investor Tokens.com (COIN.NLB) – and Decentraland said. Continue reading

Meanwhile, the upcoming December holiday season could add volatility, while the Fed’s economic slowdown for Bitcoin could be on the decline, analysts said.

“There should be more agnostics focused on the fact that we’re in a bad part of the crypto cycle here – the fixes could be epic,” said Brent Donnelly, president of research firm Spectra Markets.

“Make sure you can survive the winter.”

($ 1 = 75.08 Indian Rupees)

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Reporting by Lisa Pauline Mattackal and Medha Singh in Bengaluru Additional reporting by Tom Westbrook in Sydney Editing by Vidya Ranganathan and

Our Standards: The Thomson Reuters Trust Principles.

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Regulation of Cryptocurrency, All you should know

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introduction

Cryptocurrency has proven to be the most profitable way for investors to make profits when used properly. Although the crypto market is volatile, its benefits far outweigh the risks. If investors get into the crypto market after doing thorough research, they can make a lot of profits. Cryptocurrency has been the most profitable of all time in recent years.

The rate of growth in the value of various cryptocurrencies has been observed to increase in the final quarter of 2021. It is expected to grow similarly in 2022. Therefore, it will continue to be a popular choice with investors. The reward-to-risk ratio is very high and it takes courage to invest so much money, but the returns in this area Bitcoin mining make it worth the risk.

Regulation of cryptocurrency

With the increasing popularity and transactions in the form of cryptocurrency, more and more countries are looking for ways to regulate crypto transactions. Legislators in countries like the US, UK and Australia are trying to enact laws and regulations on cryptocurrencies to make them safer for investors.

With a more regulated crypto market, cybercrime can decline in the industry. There are several countries like China that are skeptical of the cryptocurrency, which is why China has banned all crypto transactions. Countries like the US are unwilling to ban cryptocurrencies, but officials are aiming to oversee this industry to help curb cybercrime in the Bitcoin era.

The IRS also aims to get governments to regulate crypto transactions as this would ensure that investors pay taxes on the profits from crypto trading. In that case, it could give the economy a major boost. Overall, it can be assumed that the crypto market will benefit from sensible regulation that will ensure that potential investors place more trust in the industry.

Introduction of cryptocurrency in wider horizons

Mainstream companies have a keen interest in allowing users to participate in crypto transactions. Companies like AMC have promised to allow users to pay with Bitcoins by the end of this year. Another big company, Tesla, keeps going back and forth when it comes to accepting Bitcoin payments.

It is only a matter of time after one major industry player accepts crypto payments that others will follow suit. While spending bitcoins or other currencies on goods and services may not sound like a good decision, the introduction of crypto could bring use cases that are not expected at all. Cryptocurrency could even prove to be an intermediary in transactions around the world.

The ambiguous but lucrative future of the cryptocurrency

Although many officials and companies around the world vouch for the legalization of cryptocurrency, the truth of the fate of cryptocurrency is still unclear. One day, you may wake up to the news that cryptocurrency is banned and all of your investments have become worthless.

It is therefore recommended that you only invest what you can lose to avoid financial instability. Even if the likelihood of this is very small, you should always be very careful with your money and what you use it for. Hence, cryptocurrency is a lucrative but ambiguous choice for investing. If all goes well, it has the power to change the world and generate a lot of wealth.

All of these arguments lead to the conclusion that investors who want to profit from trading cryptocurrencies in 2022 can benefit from its growing popularity. Factors such as a possible cryptocurrency regulation in a nutshell and the introduction of cryptocurrency into a broader horizon could result in higher growth rates in 2022. Investors must pay attention to laws and regulations regarding cryptocurrency, as these could affect the already volatile crypto market.

Investors are spoiled if they intend to invest in the crypto market after doing thorough research on the currencies they want to trade. 2022 holds unlimited opportunities for crypto traders and will most likely justify the synonym for the 2020s as Bitcoin mining.

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