How to Accept Cryptocurrency Payments on Your WebsitePosted on February 19, 2018
In case you’ve been living under a rock, cryptocurrency is huge these days. Many people are getting in on “crypto fever” and investing in a variety of digital coins that are believed to be the currency of the future. Although market prices can be volatile, there are opportunities to make a lot of cash from investing in cryptocurrency. Whether you are an online retailer selling merchandise or a business that provides services, you may want to consider accepting digital currency. Thankfully, there are already several ways to accept crypto payments on your website.
Coinbase, one of the most popular services for obtaining digital currency, recently announced their Coinbase Commerce feature which allows you to accept digital currency payments directly on your site. Once an account has been created, all it takes is pasting an embed code on any page of the website. Currently, you can accept payments in the form of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
For businesses with e-commerce websites, BitPay provides individuals and businesses with a way to store, send, and receive Bitcoin as a form of payment. BitPay is also available as a plug-in for many popular e-commerce solutions, such as WordPress eCommerce and Drupal Commerce. Additionally, Shopify provides a plugin for integrating Coinbase Commerce. These plug-ins may take a bit of configuring, but once they’re all set up, you’ll be good to go!
LitePay & Digital Wallets
Alternatively, if you are interested in the technology behind Litecoin, you can consider using the soon-to-be-released LitePay app, which acts as a digital wallet to receive, store, and send Litecoin. As with any form of important digital data, you’ll want to make sure things are secure and protected. Using two-factor authentication (2FA) is highly recommended to add an extra layer of security to your digital wallets. Many coin-holders even go so far as to storing their digital coins in a hardware device as opposed to using an online service or digital wallet.
Is your website prepared for the future of payment processing? CRRNT also accepts crypto payments for our web design services!