U.S. Online Retailer Accepts Bitcoin and Other Cryptocurrencies Payments
Wellbots, a major smart products e-retailer in the United States, has become the latest company to add the cryptocurrency payment option on their platforms, as the online retailer is now accepting bitcoin, ether, and other cryptocurrency assets.
Wellbots Enables Purchase With Crypto
The e-retailer made the announcement in a press release on Monday (July 12, 2021). According to the platform, customers can pay for smart products with six cryptocurrencies.
They accepted crypto assets include bitcoin (BTC), ether (ETH), litecoin (LTC), bitcoin cash (BCH), DAI, and USD coin (USDC). Before adding the crypto payment option, Wellbots could only purchase items using Google Pay, Amazon Pay, Credit Card, Shop Pay, Affirm, and PayPal
Meanwhile, the addition of cryptocurrencies brings the total number of payment methods to 12 on the online platform. According to the announcement, the expansion of payment options makes it easier for customers to shop on the online retailer’s website.
Commenting on the latest development, Phil Berdugo, Wellbots’ CEO, said:
“We are excited to be among the early online retailers to let our customers pay with crypto! Wellbots has always been a pioneer, and we are delighted to constantly add innovative features and services to make our customers happy.”
The use of cryptocurrency as a payment method continues to see increased adoption, despite the volatile nature of bitcoin and other crypto-assets. With the emerging technology becoming popular, more companies are adding cryptocurrency into their payment options in order to attract more customers.
As reported by BTCManager back in April, WeWork announced that it was accepting payment in BTC, DAI, USDC, and ETH. Convenience store chain, Sheetz, revealed in May that it would soon start accepting bitcoin and other crypto assets. Other companies that have integrated crypto as a payment means include HGreg and the Kessler Collection
Meanwhile, the crypto payment option is also gaining ground in the e-commerce sector. Apart from Wellbots, online retail platforms like Newegg also accept crypto. The e-commerce giant eBay revealed back in May that it was mulling accepting cryptocurrency as payment.
Earlier in July, global payment giant Visa revealed that its crypto debit and credit cards processed $1 billion in transactions in the first half of 2021.
