Cryptocurrency, Featured

Why Rakuten, H&M Distributors And Semperlite Accept Cryptocurrency Payments

The Japanese electronic commerce and Internet company Rakuten, Inc. has announced the launch of its cryptocurrency payments app Rakuten Pay on 12 February 2019. This app will be publicly available in March 2019. Its new version will promote “all payment solutions embedded into one platform.” The main purpose behind this app launch is to support payments in cryptocurrency.

The American company building inventory based on the needs and requirements of customers H&M Distributors, Inc has announced to accept cryptocurrency payments. The main purpose is to provide customers with unprecedented access to a wide range of products of H&M Distributors, transactions speed, low transactions costs, negligible currency conversion fees and freedom from chargebacks.

The company has made a partnership with the cryptocurrency e-commerce platform Chimpion in order to facilitate its customers to use cryptocurrencies for purchasing products. Customers can use cryptocurrencies such as Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Bitcoin (BTC), Dash, Ethereum (ETH), Litecoin (LTC) and Zcoin (XZC).

The founder & CEO Herb Needham of H&M Distributors said, “After more than 20 years in the business, we consider ourselves experts in specialty lighting. Accepting cryptocurrency payments allows us to share that expertise with even more clients by removing many of the barriers that made it difficult to sell internationally before. What sold us was the settlement system, which allows us to convert crypto payments to a USD equivalent right away,” PR Newswire reported.

Rakuten Edy is a prepaid card service which facilitates payments with QR code scanning implementation. The service will be integrated into the new app of Rakuten which shows QR code payments support, Ethereum World News reported.

Semperlite is known as an online lighting supplier who has also announced to accept cryptocurrency payments. Its customers can use cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), Bitcoin Diamond (BCD), Bitcoin Cash (BCH), Zcoin (XZC), Dash and Ethereum (ETH) in order to purchase products. It is similar to H&M Distributors as it has collaborated with Chimpion in order to help its customers for product purchasing. It provides its customers with fewer transaction fees and quick transactions along with eliminated currency conversion fees, PR Newswire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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