CoinGate Partners with Wix Enabling Businesses To Accept Crypto Payments

CoinGate, a prominent crypto payment gateway in Europe, today announced an integration with Wix.com Ltd. (Nasdaq: WIX), a leading global SaaS platform to create, manage, and grow an online presence enabling Wix merchants to accept crypto payments from their customers in Germany, Lithuania, Spain and the Netherlands.

As a result of this partnership, Wix merchants in Germany, Lithuania, Netherlands and Spain can connect their online stores to the CoinGate payment solution. Upon setting up Coingate as a payment provider, Wix merchants can offer their customers the option to pay for goods and services using Bitcoin (including payments via Lightning Network) and 70+ other crypto options. Merchants can exchange and withdraw all collected cryptocurrencies in a single currency, such as EUR, USD, GBP, BTC, and others.

Justas Paulius, the CEO of CoinGate, believes this partnership will encourage more merchants to take advantage of cryptocurrency markets by accommodating more customers worldwide who only shop using cryptocurrencies or don’t have access to banking and credit cards.

“Cryptocurrencies are becoming inseparable from the realities of people’s daily lives globally. Our goal is to give all people a way to participate in global economies, regardless of whether they own a bank account or use credit cards, while providing merchants with a convenient way to serve them. I believe our partnership with Wix brings us one step closer to our goal,” said Justas.“With more than 300 million cryptocurrency users around the world, having a cryptocurrency payment method in your store as an additional way to make sales might be the defining action that gives certain businesses a competitive advantage.”

In addition to payment collecting software, CoinGate offers many additional tools that help merchants make the most out of this payment method, such as tracking of orders, a refund system, invoice customization, permission-based account management, API access, and various payout options.