5.5+ Million eCommerce Websites & ALL Twitch Streamers Can Accept eGold Payments & Donations Via NOWPayments
The global eCommerce payments market will grow by $113bn+ by 2024. Out of the most popular payment methods, digital wallets make more than 40% of the payment methods, poised to grow beyond 50% by 2023.
Digital payment methods are preferred because they are easy to integrate and convenient to use. Blockchain technology can further augment them to increase efficiency, decrease costs and the time required for actual settlement.
This is why we are excited to announce that millions of eCommerce websites can start accepting eGold payments through NOWPayments!
“Global, near-instant, and inexpensive payments are boosting merchant profitability by engaging a larger customer base at increased convenience. eGold, and soon other Elrond Network assets, will get upgraded with extra utility through the NOWPayments integration, making them payable at millions of merchants worldwide” said Beniamin Mincu, Elrond CEO.
NOWPayments allows any website to accept cryptocurrency payments by integrating their plugin into the most popular eCommerce platforms such as Shopify or WooCommerce.
Twitch streamers can start accepting eGold donations via NOWPayments by simply registering an account and adding the dedicated widget to their Twitch profile.
The integration is live and eGold payments can be integrated immediately. The collaboration will further focus on making other tokens issued on the Elrond Network available as payment methods through NOWPayments.
“We are excited about the high speed and low cost of Elrond transactions. They enable our partners to get an awesome experience when opting for eGold payments. We’re looking forward to adding this kind of convenience to even more assets on the Elrond Network.” said NOWPayments CEO, Xena Kash.
The collaboration is important for the Elrond ecosystem, as it adds utility for eGold and, in the future, all the assets issued on our mainnet, by making them payable on millions of websites and streamers around the world.
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
NOWPayments offers the lowest fees on the cryptocurrency market while supporting the highest number of currencies available for the payouts. With auto coin conversion processed by NOWPayments’ tools, customers can pay merchants in any cryptocurrency they wish to, and merchants will get payments in their preferred coin or token.