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Cryptocurrencies are primarily integrated into e-commerce through the use of crypto payment gateways. These gateways act as intermediaries between the online store and the customer, facilitating the process of paying with cryptocurrencies and converting them into traditional currencies (fiat) if the merchant wishes.
Steps to integrate cryptocurrencies 🛍️💰
* Choose a payment gateway: The merchant searches for and selects a cryptocurrency payment gateway that meets their needs. There are many options available such as BitPay, Coinbase Commerce, and NOWPayments.
* Register and link the account: The merchant creates an account on the gateway and links it to their bank account or cryptocurrency wallet.
* API integration or plugins: Payment gateways provide tools that facilitate integration with popular e-commerce platforms like Shopify or WooCommerce. The merchant can either use ready-made plugins or integrate the API into their website to create a custom payment page.
* Test the system: After integration, tests are conducted to ensure that the payment process works properly and smoothly.
* Activate payment: Once the system is confirmed to be functioning, the store can start accepting cryptocurrency payments from customers.
How does the process work? 🤔
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