If you have seen the news recently you are probably aware of the huge interest in cryptocurrencies like Bitcoin, Ethereum and even Dogecoin. Much of the recent cryptocurrency Bull Market can be directly related to the online antics of Elon Musk who has been dropping hints for months in regards to Bitcoin and Dogecoin in particular.
At about 11pm AEST last night, Tesla confirmed they are investing $1.5 Billion USD into Bitcoin and would soon be accepting it as payment with a Sec filing stating:
As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.
You can find the acting SEC Filing right Here: Tesla: Securities and Exchange Commission Filing.
This is all just great, but how do I accept this Cryptocurrency with my online shop? I am glad you asked. The benefits with using a open platform means there is no shortage of solutions to problems other eCommerce platforms may struggle with. If you have a WooCommerce Store, or even a simple one page product, the options to accept cryptocurrencies are endless.
This list is all the current projects known to work for WooCommerce and WordPress. Depending on how deep you want to integrate, some of these solutions range from the extremely technical all the way to integrated solutions which are easy for the end user to implement. We have been testing various solutions here at EnvisionWorks and will be adding more to this list during the next few months provided they are viable and useful for online shop owners.
Accept cryptocurrency payments from all over the world with bitpay. This payment processor works with Bitcoin and other cryptocurrencies with focus on gaining new customers while avoiding the cost of high fees and chargebacks.
From setup to settlement, BitPay makes accepting these payments easy.
Accept Bitcoin, Ethereum/ERC20, Bitcoin Cash, Monero, Dash, Litecoin, Vertcoin payments in WooCommerce. Straight into your own HD wallet without intermediaries. Cryptowoo offers Free to Paid options depending on the types of currencies you want to integrate.
Crypto.com Pay Checkout is a feature of Crypto.com Pay, which utilises Crypto.com Chain as a high performing native blockchain solution. This enables the transaction flows between crypto users and merchants seamless, cost-efficient and secure. More technical integration than the other solutions.
If you are looking for a Agency or Web Developer to integrate Bitcoin and other cryptocurrencies into your existing online shop, look no further than EnvisionWorks. We can help you integrate Cryptocurrency payments with your shop using WordPress, WooCommerce, Shopify, Wix and many more eCommerce platforms. Simply fill out the form below or Call Us Today to find out how we can help find and develop the perfect solution for you.
And as they say in Crypto Land, TO THE MOON!