CoinGate, a leading European crypto payment gateway, announced on January 10 an integration with Wix.com (NASDAQ: WIX), which accepts crypto payments from their customers in Germany, Lithuania, Spain, and the Netherlands. As a result, German, Lithuanian, Dutch, and Spanish Wix shop owners now have access to the CoinGate e-commerce payment gateway. Wix retailers that integrate Coingate as a payment processor may accept Bitcoin (including Lightning Network payments) and over 70 other cryptocurrencies from their clients. All cryptocurrencies received by a business may be converted to and withdrawn in a single fiat currency, such as EUR, USD, or GBP, to mention a few.
Partnership to encourage more businesses to accept crypto
CoinGate CEO Justas Paulius believes that this partnership will inspire more businesses to take advantage of cryptocurrency markets by allowing them to serve a larger number of customers who either only use cryptocurrencies or do not have access to traditional payment methods like banks and credit cards. The CEO added: Notably, despite the crypto market suffering a severe correction in 2022, CoinGate also reported on January 4 that the volume of crypto payments in eCommerce climbed over 60% in 2022.
