Wellbots, a U.S.-based smart product online retailer, has announced that
its customers can now make payments for goods at checkout using six
cryptocurrencies.To get more news about
WikiBit, you can visit wikibit.com official website.
Wellbots Now Accepts BTC
Announcing the development in a press release today, Wellbots said it
will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin
Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its
smart products.
Before this time, the online store only accepts traditional payment
methods such as Shop Pay, Google Pay, PayPal, Amazon Pay, Credit Card,
and Affirm.
However, with the integration of six cryptocurrencies, Wellbots
customers can pay for goods directly using the assets without converting
the coins to fiat.
Commenting on the development, Phil Berdugo, CEO of Wellbots, noted
that the company is always poised to look for innovative ways to keep
its customers happy.
“We are excited to be among the early online retailers to let our customers pay with crypto,” Berdugo said.
Since 2019, Wellbots has been ranked among the top 5,000 list of
growing companies in the United States for three consecutive years, with
its products ranging from robot vacuums to electric scooters and bikes.
Crypto Gaining Ground as a Payment Option
The integration of bitcoin and other cryptocurrencies to the list of
payment methods on online stores is gradually becoming a norm. This is
mostly because of the widespread adoption of the asset class recently.
Cryptocurrencies are increasingly being not only as a hedge to rising inflation but also as a payment method.
In the past, crypto holders who wanted to make purchases online were
required to first convert their coins into fiat money before paying for
goods and services. However, there has been a rise in the number of
e-commerce stores accepting crypto payments, prompting other firms to
follow suit.
According to a recent report published by popular payment provider
Visa, the firm noted that its customers used their Visa crypto-linked
cards to pay for over $1 billion worth of goods on various e-commerce
stores in the first half of 2021.
Meanwhile, big convenience store chain Sheetz announced in May that it
would begin accepting bitcoin and other crypto-assets as payment across
600 stores in different locations in the U.S.
