With the devastating pandemic gripping the world viciously in its claws, businesses seem to adapt to the new conform in 2020.
Slowly, various business organizations have started to understand and utilize the power of online shopping. After all, what is a better way to shop amidst social distancing than doing it online? More and more consumers are becoming pliable to the idea of virtual shopping since it is proving to be reliable and efficient.
However, the buzz surrounding the cryptocurrencies and its subsequent rise during the deadly coronavirus has intrigued interest among the masses. People are now more interested in knowing the market and even making considerable tradings using cryptocurrencies. The overwhelming popularity of digital wallets is not only convenient for the uses but the retailers too. Despite the obvious advantages, it seems most of them have yet to incorporate it in their business.
With holidays around the corner, shopping for gifts has gained urgency. But, making payments with the cryptocurrency you have can be quite hard during online shopping. It is mostly due to the fact that most of the retailers do not offer the crypto payment method section. However, there is a solution that you can use to do shopping with cryptocurrencies. Click here to know How to invest with Bitcoin Future.
Is there an option of crypto payments in online shopping?
Unfortunately, the majority of the top retailers do not have the option of crypto payments when it comes to making purchases. When you check out, you see a variety of payment methods, excluding cryptocurrencies. It can be particularly bothersome as now you have to make the extra effort of finding how you can use the cryptocurrencies you have collected for shopping.
There are various rumors circulating about the reasons why big retailers are hesitant to make the inclusion of crypto payments. One reason that has particularly stuck is the regulations concerning cryptocurrencies. The industry is still new and is facing a boatload of issues from governments across the globe.
But, when retailers fail to live up to the expectations, someone has to! The void is filled by app developers. There are many apps in the market that have been able to make shopping with desired cryptocurrencies a reality. They are basically the bridge that connects you with retailers with the option of using digital currencies as payment.
The rise of crypto payment platforms
Were you disheartened by the prospect of not shopping for the holidays?
Well, you don’t have to! It is true that your favorite online retailers do not accommodate the usage of cryptocurrencies as payments. However, you can still use that currency for shopping via the crypto processors that ensure safe and secure payments.
Apart from the aspect of using digital currencies, you will observe that shopping has never been easier. When you visit such a platform, you will come across various retailers. It means that you can shop from different sites and then make the payment at one place with the cryptocurrency you want (or have).
How to do holiday shopping using crypto?
If you are eager to do some holiday shopping with digital currencies, you can follow the steps given below.
- Choose a particular crypto payment platform that has your desired retailers.
- Select the gifts along with their value.
- Move on to the payment section.
- Choose the type of cryptocurrency that you want for payment.
- Next, you must pay the amount generated by the processor.
- Make sure to put in the correct address for quick delivery.
Why the shift of focus towards cryptocurrencies?
The raging pandemic seems to be a boon for the cryptocurrency market. The valuation of these digital currencies has increased exponentially. For instance, Bitcoin has witnessed a rise in the price of above 45% in the span of a mere 30 days in November of 2020.
In order to encourage transactions using cryptocurrencies, many online websites have introduced an ingenious marketing strategy. If you shop from their website, they will give you cryptocurrencies in return. This has attracted a lot of traffic to the site and has stimulated the interest regarding digital currencies again.
It is true that most business organizations are yet to integrate crypto payment options in their payment sections. However, with high speculations and the demand for cryptocurrencies increasing every day, it is not long before the giants in the industry welcome the change. Despite it being a wishful notion, the concept has logical aspects. It will aid the consumers, businesses, and the world of cryptocurrency. But, for now, it is the cryptocurrency platforms that act as mediators between shoppers and retailers.
Holiday shopping with crypto payment methods