It is huge in number.
About 80,000 new European merchants will accept cryptocurrencies in their transactions, report said.
According to recent reports, new opportunities are knocking on European doors. A new company has emerged in Vilnius, Lithuania, and this platform is called Coingate.
The goal is to partner up with Paris based Prestashop in order to form an open source e-commerce solution –which would then serve as an ingenious way of connecting cryptos with the rest of Europe.
In other words, the combination between an e-commerce solution and a crypto payment platform is a great chance for users to learn and acknowledge the use of digital assets, ultimately encouraging their adoption and lifting their unfounded stigma.
The collaboration previously mentioned is expected to raise over 80,000 European merchants. As it stands, the duo is thought to provide faster and more efficient solutions by combining the two ingenious services.
Thus, it will improve the ability to reduce the time dedicated to performing all payment operations. Dmitrijus Borisenka, the CEO of Coingate, said that “encouraging adoption among people beyond the tech-savvy early-adopters is one of the biggest priorities for us.
Prestashop has an ideal base 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.”
In fact, Borisenka stated that there is an entirely new market of crypto enthusiasts who are not solely keeping up with cryptocurrency news but are also looking for ways to spend their digital assets. While there is a demand, a gap is also prevalent. To clarify, we’re talking about a disparity between customers and merchants in this sphere.