🕒 2 min read
In an era where innovation is the price of entry, accepting cryptocurrency at checkout is no longer fringe—it’s forward-thinking. At MyNew Technologies Products Store, we’ve integrated BitPay alongside traditional credit card processors. The result? Faster payments, lower fees, and access to a growing global user base that prefers decentralization over bank dependency.
The Rise of Crypto in E-Commerce
- PayPal’s “Checkout with Crypto”, launched in 2021, lets customers spend Bitcoin, Ethereum, and Litecoin with millions of merchants. Merchants receive fiat, shielding them from price volatility (AP News).
- Coinbase launched a stablecoin payment service, enabling online retailers to accept USDC without crypto risk (Business Times).
- Platforms like BitPay, NOWPayments, and OpenNode offer official Magento plugins for easy crypto checkout integration.
Why We Added BitPay to Our Magento Store
At products.mynewtechnologies.com, we added BitPay because:
- It auto-converts crypto to USD at checkout.
- Settlements arrive the next day in our account.
- We support BTC, ETH, LTC, DOGE, and stablecoins.
Our checkout now supports both credit cards and cryptocurrency—offering flexibility and future-readiness.
Safer for Merchants?
- Zero chargebacks—transactions are final once confirmed.
- No card fraud or processing disputes.
- Compliance handled by BitPay’s infrastructure.
Who’s Using It?
- Gen Z and Millennials prefer crypto wallets over traditional banks.
- International buyers appreciate low-fee, fast transfers.
- Web3 consumers expect crypto payment options by default.
🔧 Want to Add It to Your Magento Store?
| Feature | BitPay Magento Integration |
|---|---|
| Official Extension | ✅ Yes, via Composer & Marketplace |
| Currencies Supported | BTC, ETH, LTC, DOGE, USDC, more |
| Fiat Settlement | USD, EUR, GBP, etc. |
| Fees | ~1% |
| Risk | None—auto-conversion protects merchants |
Don’t Wait to Modernize
Cryptocurrency isn’t a trend—it’s infrastructure. Offering crypto checkout is a strategic advantage, not a gamble. As global financial behaviors evolve, stores that integrate modern payment methods will thrive, not just survive.
