KitCart, a leading global cloud-based commerce platform that allows anyone to easily sell online, at their retail location, and everywhere in between, today announced the addition of BitPay — the world’s largest provider of blockchain payment services as a new payment option on the Kitcart eCommerce platform.
The BitPay and Kitcart integration allows Kitcart merchants to accept crypto payments through BitPay on their Kitcart stores. Consumers can pay using 12 different cryptocurrencies. BitPay currently supports, Which includes; Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Wrapped Bitcoin (WBTC), XRP (in certain countries), and 5 USD-pegged stable coins (BUSD, DAI, GUSD, USDP, and USDC). The total market cap of these accepted cryptocurrencies exceeds $2.6 trillion, accounting for nearly 70% of the global crypto market cap (as of January 17th, 2022).
“Kitcart is the largest and most widely used E-commerce platform in Africa and no doubt the topmost choice for ‘‘fortune 500’’ African brands, so this is another step forward in moving cryptocurrency mainstream in Africa,” said Josh Tracy, KitCart CMO. “Businesses can get to market quickly and capture incremental sales by tapping into the massive trillion-dollar cryptocurrency marketplace.”
This integration provides KitCart merchants the opportunity to grow sales by attracting first-time buyers who prefer to pay with Bitcoin or other cryptocurrencies. According to a study by Forrester Consulting commissioned by BitPay, merchants offering a crypto payment option often see a 2x increase in average order values, as buyers who pay with cryptocurrency tend to spend more than other customers. BitPay transaction fees are lower than those of other traditional payment types, eliminating chargebacks and limiting potential fraud, enabling those who accept cryptocurrency payments significant savings.
We’re continuing to integrate with innovative payment partners to offer KitCart merchants even more payment options to offer their customers,” said Elon Jobs, CEO at KitCart. “With BitPay, Kitcart merchants have access to a whole new market of customers who prefer to pay with Bitcoin and other cryptocurrencies and an avenue for their business to tap into the growing cryptocurrency market.”
From launch, the service will be available to all KitCart merchants and customers across the globe. KitCart merchants can start accepting crypto payments today by just clicking BitPay in their dashboard settings and then creating an account with BitPay. No integration is required and the BitPay processing fee is only 1%.
About kitCart.net
KitCart is leading the way with a cloud-based e-commerce platform for online stores and retail point-of-sale systems that helps over 1,000 African businesses sell anything to anyone anywhere.
Through free and premium subscriptions, Kitcart empowers thousands of businesses, owners, online entrepreneurs, and individuals to take their brands online.
About BitPay
Founded in 2011, BitPay celebrates its 10th birthday this year as one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
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