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CoinGate and PrestaShop partnership to allow payments in Bitcoin [BTC], Ethereum [ETH], Ripple [XRP], Litecoin [LTC] and many others

Sthuthie Murthy

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CoinGate and PrestaShop partnership to allow payments in Bitcoin [BTC], Ethereum [ETH],Ripple [XRP], Litecoin [LTC], and many others
Source: PxHere

CoinGate, the Lithuania-based blockchain payment gateway has collaborated with an open-source e-commerce platform, PrestaShop based in Paris, France. It has joined forces with a reach of over 80,000 EU-based merchants according to the announcement made on 20th March.

Charlie Lee also tweeted about this partnership recently:

Charlie Lee's tweet

Charlie Lee’s tweet

This tie-up will allow many online merchants to accept digital currencies as a payment mode. The integration of CoinGate services into the back-end of PrestaShop platform is a significant step in cryptocurrency adoption.

John Mac, a crypto enthusiast commented directing towards Charlie Lee:

“Is this another scam you’re promoting Charlie? So far, you’re 2/2 on the failures. I’m not trolling, I’ve followed your advice for quite a while now. It’s safe to say I’ve been disappointed quite a few times.”

Charlie Lee himself replied to this saying:

“How about all the ones that I promoted that are not failures? Coinbase Commerce, Aliant, GoCoin, CoinPayments, BTCPay, and many many more. This trolling is getting boring. Which bits of advice where you disappointed in? In the long run, if all your money is in crypto, no need to replace it. In the short term, merchants should give a crypto discount.”

‘It also looks like followers will Bombard such leaders even for the slightest glitches or errors and missing a partnership news for almost a month is simply not acceptable and moreover, this is a great news for Litecoin [LTC]’, says an LTC holder.

Dmitrijus Borisenka, CEO of CoinGate explained the ideology behind the partnership while stressing the importance of ensuring the new technology reaches the mass.

Dmitrijus Borisenka's statement

Dmitrijus Borisenka’s statement

CoinGate and Prestashop have teamed with a promising move towards mainstream adoption of cryptocurrencies to permit consumers to pay for services and goods using Bitcoin, Ether, Litecoin, Ripple, Dash and 50 other altcoins in e-stores that accept and use Prestashop’s e-commerce software.

Swiss Mining Space tweeted regarding this:

“We are using CoinGatecom with WHMCS for months now and our customers love it. They are paying with cryptos.”

The team has promised merchants an easy installation procedure consisting of only a few clicks. What is eye-catching and very convenient to the store owners is that irrespective of what token the customer pays, the payment will be received in a single currency of the merchant’s choice – fiat or others.



Borisenka stated:

“There is an entirely new market of people who own all kinds of cryptocurrencies and are looking for ways to spend them, but the gap between customers and merchants in this sphere is still huge. It is, therefore, crucial to educate and encourage businesses to adopt a forward-thinking attitude and to overcome the prevailing misconceptions that surround cryptocurrencies.”

Carlos Hernandez, BTC and BCH holder tweeted:

“Great news. I understand we lost a lot of merchants when Bitcoin’s fees made it unusable for this. BTW, LTC has been outperforming BCH lately, but with LTC’s inflation twice as that of BCH, I don’t think that’s going to last. Anyways, see’ya at the finish line. Somebody finally realised the importance of e-commerce. :)”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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