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Shop.com Announces Cryptocurrency Acceptance to 'Kick off the Next Chapter' of Business

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

Shop.com Now Accepts Digital Currencies via Bitpay

Shop.com is accepting cryptocurrencies via Bitpay, the largest crypto payment service provider in the world. Steve Ashley the president and COO of Shop.com announced “the use of cryptocurrency as the next chapter in purchasing products on all Shop.com sites.” Ashley revealed the crypto support at the Market America Worldwide Shop.com 2021 International Convention (MAIC2021).

“Today I’m announcing that Shop.com is going to be offering bitcoin, ethereum, and several other cryptocurrencies through Bitpay,” said Ashley. “We’re going to be offering this at Shop.com sites worldwide in all of our Market Countries,” Ashley added.

Shop.com is a fairly popular e-commerce web portal that’s ranked 26,133 worldwide and 191 against “E-commerce and shopping” websites, according to similarweb.com statistics. Shop.com is owned by Market America, a multi-level marketing (MLM) firm that was created in 1992. Market America purchased Shop.com for an undisclosed sum at the end of 2010. Market America also specializes in manufacturing a line of Isotonix it introduced to the public the year after the company started.

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

In countries like Taiwan, Thailand, Argentina, Brazil, and Indonesia, it’s very hard to make payments. Credit cards are not everywhere and in those countries, Bitpay and crypto is the cheapest, quickest payment option to accept Bitcoin and to receive crypto payment options as well.

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

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

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

Tags in this story
Bitcoin, bitcoin cash, BitPay, Bitpay payment provider, Crypto Acceptance, crypto payments, Ethereum, Isotonix, JR Ridinger, MAIC2021, Market America, MLM, Shop.com, Sonny Singh, Steve Ashley

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