{"id":419,"date":"2021-06-24T18:45:12","date_gmt":"2021-06-24T18:45:12","guid":{"rendered":"https:\/\/coinrabbit.io\/blog\/?p=419"},"modified":"2025-01-27T15:34:58","modified_gmt":"2025-01-27T15:34:58","slug":"do-e-commerce-sites-accept-crypto-how-to-spend-a-crypto-loan-on-the-internet","status":"publish","type":"post","link":"https:\/\/coinrabbit.io\/blog\/do-e-commerce-sites-accept-crypto-how-to-spend-a-crypto-loan-on-the-internet\/","title":{"rendered":"How to use crypto loans in e-commerce?"},"content":{"rendered":"
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Imagine there’s an expensive purchase you want to make right now, but you\u2019re holding onto your cryptocurrency because you don\u2019t want to sell, trade, or exchange it during a current bull run. Since your assets could soon see significant growth in value, taking out a crypto loan<\/a> could be the perfect solution. This way, you can access the funds you need today without having to part with your cryptocurrency, allowing you to maximize its potential value. <\/p>\n\n\n\n

We provide your loan in Tether (USDT ERC20 or USDT TRC20) or USDC, which you can easily withdraw and convert to fiat to make offline purchases or use with a card. Alternatively, you can simply spend it directly on e-commerce platforms that accept cryptocurrency.<\/p>\n\n\n\n

And in this article, we\u2019ll explore why shopping with cryptocurrencies online is not only simple but also offers advantages over traditional methods. We\u2019ll also guide you on where and how you can easily use your crypto loan for purchases.

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The history of crypto and e-commerce<\/h2>\n\n\n

When cryptocurrency emerged in 2009, everyone was skeptical about it. But in the next few years, the most enthusiastic store owners have embraced a cryptocurrency payment method, and the industry started to rise. It\u2019s been over 10 years by now \u2014 many e-shops still see more cons than pros in accepting digital coins. If you shop with cryptocurrency today, you\u2019re still one of the first enthusiasts worldwide to adopt this new kind of money. Congratulations! <\/p>\n\n\n\n

One of the first crypto payment processing platforms, BitPay, has emerged in 2011. Others have also started to arise, and who do you think would be one of the first companies to accept cryptocurrency as payment \u2014 maybe large online marketplaces? No, in 2013, Virgin Galactic started accepting Bitcoin for intergalactic travel! <\/p>\n\n\n\n

In 2014, Microsoft has announced the launching of Bitcoin payments, and this is where a relatively mass adoption started to rise. The same year, the national Latvian airBaltic flag carrier was the firstone of its kind to start accepting cryptocurrency. Later on, Lush handmade cosmetics, Starbucks coffee, and Tesla followed. In 2018, BitPay has already reported having processed $1 billion in transactions.<\/p>\n\n\n\n

While you still can\u2019t pay with Bitcoin on Amazon and AliExpress, some renowned payment processing companies are starting to adopt crypto. Since 2021, millions of PayPal users can buy, sell, or hold BTC, ETH, BCH, and LTC inside the app. <\/p>\n\n\n\n

Today, there are convenient solutions for merchants to start accepting cryptocurrency on basically any website \u2014 be that an OpenCart-based store or a custom-made website. One of these solutions is NOWPayments<\/a>, an e-commerce Bitcoin payment provider. For a 0.5% fee, merchants get a tool to organize all transactions, track them in one place, and accept over 70 crypto assets. As a non-custodial service, NOWPayments<\/a> doesn\u2019t store funds and passes them from a buyer\u2019s wallet right into the merchant\u2019s one.\u00a0

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Perks of crypto shopping
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  1. Guaranteed high speed of payments. <\/strong>Bank transfers usually take seconds, but sometimes big lags occur \u2014 especially in the case of remittances. You never know if the payment will go fast or take days. In crypto, if you set a good transaction fee, you are 99.99% guaranteed that the payment in cryptocurrency will lend to the receiver\u2019s wallet in minutes or even seconds. <\/li>\n\n\n\n
  2. No middlemen<\/strong>. If you send money abroad, you\u2019re at risk that your funds will get stuck in the intermediary banks. In cryptocurrency, there are no third parties, and the speed of payment delivery is the same for any part of the world. <\/li>\n\n\n\n
  3. Crypto payments are discreet. <\/strong>Bitcoin is not completely anonymous, but if you don\u2019t want your banking and identificational data to be revealed by a merchant or anyone else, use crypto instead of fiat money. Privacy coins like Monero or ZCash will help you stay anonymous.<\/li>\n\n\n\n
  4. Payment delivery public check.<\/strong> You can see on the blockchain whether your payment has been delivered to the merchant. With banks, there is no such publicly verifiable data.\u00a0

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    How to pay with crypto online?<\/h2>\n\n\n

    There is less difference in how to pay in cryptocurrency from a regular fiat payment than one could imagine. Once you\u2019ve collected things in your cart, head on to checkout, fill in the regular fields such as address and so on, and choose to pay with cryptocurrency. You will be given a wallet address where you\u2019ll be asked to send your coins. Go to your crypto wallet to do this, and hurry up \u2014 the time may be limited. <\/p>\n\n\n\n

    In many cases, you will be offered a QR code to scan from your mobile phone. Do so, and this will bring you into your crypto wallet with all the details of the payment (currency, amount, and address) already filled in. Simply tap the button to send the coins.\u00a0

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    What online shops accept Bitcoin and other cryptocurrencies?<\/h2>\n\n\n

    Here\u2019s the list of shopping sites and e-commerce crypto stores where you can pay in crypto.<\/p>\n\n\n\n

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    Online marketplaces:\u00a0
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    Thousands of merchants worldwide based on crypto e-commerce platforms:
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