The integration powers CoinPayments’ platform to permit merchants to receive various cryptocurrencies and automatically trade them for their digital asset of choice. CoinPayments says it has a community of 12,000+ merchants in 140 countries.
CoinPayments.net CEO Alex Alexandrov indicated:
We are excited to offer simple and frictionless conversions to our customers using the ShapeShift API,” “This partnership gets us one step closer to a system where customer can pay in any currency they choose and vendors settle in what they find most convenient for their business.
ShapeShift indicates that, developed primarily as an API service, its integration with CoinPayments is one of many partnerships that it is building.
ShapeShift Founder and CEO Erik Voorhees added:
CoinPayments is the leading merchant processing software for altcoins and has built substantial customer loyalty into their platform. With ShapeShift now providing seamless conversion into Bitcoin, CoinPayments can scale faster and will automatically support the growing pool of ShapeShift’s digital coins.
Outside of their API offering, ShapeShift offers a website exchange for direct consumer usage, where they can trade Bitcoin for other leading cryptocurrencies.