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Magento merchants can now receive payments in WAVES

Magento merchants can now receive payments in WAVES

Waves blockchain platform announced today its payments extension has been connected with e-commerce store app Magento 2, thus enabling both shoppers and merchants to pay for/receive payments in cryptocurrency — securely, faster, more transparently, and with payment processing fees close to zero.

“E-commerce is rapidly developing, and that’s why it needs new technological allies to further evolve. For us, it is obvious that the blockchain technology is the key component for a state-of-the-art e-commerce ecosystem. We’re excited to be at the forefront of the blockchain and e-commerce inevitable merger,” says Waves CEO Alexander Ivanov.

Waves Crypto Payments extension is a one-of-a-kind c-commerce blockchain technology for Magento 2 stores. The product marks a milestone in the partnership between the two companies and establishes a framework for a fruitful future collaboration in the development of a new product line.

“This partnership brings in a new era in e-commerce, and a good first step towards introducing blockchain technologies in Magento. The free integration will open up new horizons for merchants. Reduced processing fees, payment transactions that take a couple of seconds, higher security and transparency are just some of the advantages of this technology application,”  adds Vitali Dudin, MageWorx CEO.

Waves is a decentralized platform with powerful real-world tools and functionality hosted on the blockchain. The multilevel ecosystem of the Waves Platform lets anyone launch their own cryptographically-secured blockchain tokens, as well as private networks, quickly and easily. Using the Waves blockchain, businesses and individuals can build powerful, versatile applications with all the advantages of peer-to-peer technology.

In June 2016, Waves completed the ICO, raising over $16 million (30,000 bitcoins). The total market capitalization of Waves is about $600,000,000. Among the most notable token sales on the platform are MobileGo, ZrCoin, EncryptoTel, PrimalBase and Starta Accelerator. By far, more than 13,400 tokens have been released on the Waves Platform.

 

Source:Waves

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