DePay Brings Their We b3 P2P Payment Gateway to Eligible Shopify Merchants

DePay Brings Their Web3 P2P Payment Gateway to Eligible Shopify Merchants

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Zug, Switzerland, second June, 2022, Chainwire

Swiss We b3 payment start-up DePay revealed today their main combination into omnichannel commerce platform Shopify, enabling the extremely first combination of a wallet-to- wallet (P2P) payment option for eligible Shopify merchants. DePay’s multichain We b3 payments will open the capability for merchants to get any favored tokens with blockchain-based property conversion of inbound payments in real-time.

The system of blockchain deals is naturally peer-to- peer and decentralized. Nevertheless, the majority of today’s developed Crypto Payment services handle wallets for their clients, embedding a decentralized innovation into central structures. As an outcome, the purchasers pay intermediaries who credit the merchant’s account.

Aiming for a paradigm shift, DePay develops a brand-new design by utilizing decentralized financing (DeFi) to make it possible for any-to- anything payment conversions.

“We’re happy to welcome DePay to provide the very first integration of a wallet-to-wallet (P2P) payment solution for Shopify merchants,” stated Ashley Fulks, Product Partner Manager atShopify “Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.”

“Shopify was our biggest integration target to date. It’s amazing to be at the forefront of pushing the entire Web3 industry forward.” stated Sebastian Pape, Founder of DePay.

The advantages for merchants consist of:

  • Instant Cashflow: Received payments are settled and readily available for the merchants in real-time.
  • Automatic Conversion: Tokens are immediately transformed (e.g. to stablecoins) as part of the payment deal.
  • Unmatched token approval: By utilizing DeFi, DePay grows the variety of accepted tokens by a hundredfold.

DePay will continue to drive the growth of supported blockchain networks in order to unlock all significant blockchains and Layer -2 services in future.

In addition to the general development of e-commerce, the adoption of cryptocurrency payments is likewise advancing quickly. Recently, a research study discovered that 40% of 18- to 35-year-olds want to pay with crypto (source: https://www.checkout.com/campaigns/demystifying-crypto). Governments are likewise beginning to engage through the prepared advancement of their own “reserve bank digital currencies” (CBDCs).

About DePay

DePay leaders We b3 Payments with the power of DeFi.

DePay combines the core concepts of decentralization and interoperability with cutting edge We b3 innovations by driving mass adoption of blockchain-based payments.

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