Centric’s new integration with CoinPayments allows e-commerce businesses running on platforms such as Shopify, Magento, and OpenCart to accept Centric Swap (CNS).
LONDON, 28 October 2021 / PRNewswire-PRWeb / – Centric Foundation announced that CoinPayments now offers merchants the ability to accept Centric Swap (CNS) payments. Founded in 2013, CoinPayments calls itself “the first, largest and most trusted crypto payment processor”.
CoinPayments offers a large number of ecommerce integrations including Shopify, Magento, WooCommerce, OpenCart, Zen Cart, and more. They also offer merchants a suite of online payment tools and a point of sale (POS) interface for merchants who want to accept payments in person via a mobile phone or tablet.
Merchants can create a free CoinPayments account with low transaction fees and no monthly or annual fees. Personal users can create a free CoinPayments wallet that supports CNS.
Sean mackay, Head of Product said, âCoinPayments is excited to bring our crypto payment platform to the Centric community, while also providing the ability to transact in CNS to our current customers.
Tommy Boucher, COO of Centric said, âWe are excited to offer business owners extensive e-commerce and Centric Swap (CNS) point-of-sale integration through CoinPayments. We’ve heard from business owners running platforms like Shopify and Magento who have been wanting to accept Centric payments. With CoinPayments, we have opened this door. “
Centric has confirmed that they will continue to develop CENPAY, their own merchant payment solution. âIn the meantime, services like CoinPayments provide a bridge that helps merchants accept Centric today,â said Butcher.
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Centric was designed with the vision of one day replacing traditional fiat currencies. Blockchain technology will enable a more transparent world and we believe our innovative approach to achieving long-term widespread adoption sets Centric apart from other cryptocurrencies today.
We believe the biggest barrier to mass adoption of cryptocurrencies is price volatility. Cryptocurrencies, unlike fiat currencies, do not have a central bank to implement a monetary policy focused on stabilizing purchasing power. Thus, variations in demand induce massive price fluctuations. The decentralized model of price discovery has made most of the existing cryptocurrencies nothing more than stocks or commodities, psychologically valued, traded on unregulated stock markets and susceptible to manipulation. The lack of price stability has prevented the formation of credit and debt markets because volatility carries a premium.
While the rest of the industry is focused on transaction throughput and smart contracts, our focus is on solving price stability to realize the economic capabilities that blockchain enables.
CoinPayments is a payment processor that allows merchants to accept Bitcoin and hundreds of altcoins in their store through easy-to-use plugins, APIs, and point-of-sale interfaces. With over 2.2 million users in 182 countries around the world, CoinPayments.net is the most comprehensive multi-cryptocurrency platform available online.
In 2013, CoinPayments became the first payment processor to support altcoins. At that time, no one else in the industry offered support for cryptocurrencies other than Bitcoin, so CoinPayments took the opportunity to create a multi-currency wallet and payment processing solution. Since then, CoinPayments has expanded to support hundreds of different digital currencies.
Tommy Boucher, Centric Foundation, 1 800 369 3701, [email protected]
SOURCE Centric Foundation