Key Takeaways:

• Hayvn Pay is now available on WooCommerce as a plug-in, allowing users to pay with crypto.
• More than 4 million merchants can now accept crypto or convert straight into traditional cash.

Crypto Payments Land on WooCommerce

Hayvn Pay, a regulated platform for cryptocurrency payments, is teaming up with WooCommerce, a major e-commerce network. The move enables merchants to accept digital assets as payments. More than 4 million merchants in the WooCommerce network now have the option to accept cryptocurrencies for goods and services in their online stores.

Online transactions have long been due for transformation – the emergence of cryptocurrencies is undoubtedly opening up space for improvement over a stale and old-fashioned financial system. With Hayvn Pay’s integration into WooCommerce, the industry is staring into a potentially disruptive era.

Taking a Deeper Look

Hayvn Pay, available on WooCommerce as a plug-in, will ensure customers are able to pay with their crypto assets. On the other end, merchants could choose to receive the digital asset in its native form or they could decide to have it automatically converted into traditional money.

With this step, Hayvn marks a significant milestone toward the mainstream adoption of cryptocurrencies in online transactions. What’s more, it could drive up the numbers for both new users onboarded on WooCommerce, as well as new merchants joining the platform.

Partnership That Sparks Excitement

“Our goal is to ensure that within two years, 75% of the world’s e-commerce and point-of-sale transactions have a cryptocurrency payment option available for the customer,” said Christopher Flinos, Hayvn CEO. “Partnering with WooCommerce, who capture 93% of the WordPress e-commerce market, is another important milestone in delivering on that vision”.

Keala Gaines, Payments General Manager at WooCommerce, commented.” We are excited to work with HAVYN Pay to deliver an innovative, global crypto payment solution for WooCommerce merchants. HAVYN Pay allows our merchants to begin accepting crypto payments quickly, efficiently, and with the many of the benefits of crypto without touching it directly.”

Why Does It Matter?

The significance of this partnership is rooted in the convergence of these two powerful platforms. Merchants using WooCommerce can now seamlessly integrate cryptocurrency payments into their online stores, thereby expanding their payment options and potentially tapping into a new customer base.

This partnership eliminates the complexities generally associated with traditional payments, such as high fees and lack of traceability and transparency. Put simply, it is making it easier for merchants to accept digital assets and benefit from the growing popularity of cryptocurrencies.

The Bigger Picture

The outlook for crypto assets as a power player in the online-payments space is becoming brighter as more participants join the market. This partnership is a shining example of how a crypto-native company can propel digital assets into the realm of online payments.

With more people becoming familiar with digital assets, the demand for cryptocurrency payment options is likely to rise. Online merchants that offer the buy-with-crypto option can appeal to a broader and more diverse audience. As a result, businesses that embrace this shift early on are likely to benefit from a competitive advantage in the evolving digital marketplace.