European Furniture Retailer Accepts Crypto with BitPay Integration

Beliani, a European online furniture seller, has partnered with BitPay to accept Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in digital currencies from its customers.

“It’s great to see Beliani accept crypto adding new furniture options to BitPay users who are looking to spend bitcoin and opening new market opportunities to Beliani,” Stephen Pair, co-founder and CEO at BitPay, said.

The furniture platform will receive an array of digital currencies including Bitcoin, Bitcoin Cash, XRP, and Ether, along with four stablecoins, from the buyers.

The platform ships across 16 countries in Europe including Germany, Switzerland, Austria, UK, France, Italy, Spain, Portugal, and the Netherlands, and has over 1 million customers.

With the crypto payment integration, the company is expected to tap a new market of crypto enthusiasts and thus increasing sales.

To boost crypto payments, the platform is also offering a discount of $100 for purchases of $400 or above.

“In today’s economic climate it’s easy to see the value BitPay adds by opening up our products to new consumers, and by being an early adopter of a payment technology that’s on the verge of exploding into mainstream adoption,” Stephan Widmer, CEO at Beliani, added.

Many benefits of payment with crypto

According to the furniture seller, payments with crypto will also be beneficial to the customers as they can save 2-3 percent of the total payment which are changed by the banking platforms as processing fees.

BitPay facilitates the acceptance of cryptocurrencies by monitoring, validating, and confirming client transactions on each Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term. Earlier this year, the crypto payment processor also partnered with Simplex for credit and debit usage while making crypto payments.

Though the usage of digital currency for making day-to-day payments is on the lower side, many are still integrating such payments - for example, the adult industry is seeing a significant surge in payments with crypto.