80 thousand of stores in Europe will take the cryptocurrency

Coingate cryptocurrency startup that has developed a system which allows European companies to accept cryptocurrency. On 27 March, the project signed a cooperation agreement with the service e-Commerce Prestashop. The partnership can provide a terminal for receiving digital money 80 thousand medium and small stores in Europe, told Bitcoin.com the company representatives.

Stores will start accepting cryptocurrency

According to the head of the Coingate Dmitrius Borisenok, accepting cryptocurrency will allow the stores to receive promotional advantage over competitors.

There are plenty of people who want to spend the cryptocurrency, but do not know how to do it. The gap between customers and sellers in the retail trade is still huge, and we will try to reduce it.

The head of the company said that sellers will be protected from the volatility of the cryptocurrency — the rate is fixed at the time of purchase, and the company will be able to get into your account funds in euros. Thus Coingate takes all the operations with cryptocurrency itself, says Borisenok.

Now the services are Coingate 50 thousand stores throughout Europe, which brings the company 10 million euros per year.

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