Monday, September 25, 2023
  • About Us
  • Block3Wire
  • Meta3Wire
  • RSS Feed
  • Partners
  • Media Kit
  • Contact Us
Web3Wire
No Result
View All Result
  • Home
  • Web3
  • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Non-Fungible Token
  • Metaverse
  • AI
  • Business
  • Stories
    • Editor’s Choice
    • Guides
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Tokens
    • ICO – Token Sales
    • Upcoming ICOs
    • Ongoing ICOs
    • Past ICOs
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
  • Home
  • Web3
  • Blockchain
    • Cryptocurrencies
    • Decentralized Finance
    • Non-Fungible Token
  • Metaverse
  • AI
  • Business
  • Stories
    • Editor’s Choice
    • Guides
  • Coins
    • Top 10 Coins
    • Top 50 Coins
    • Top 100 Coins
    • All Coins
  • Exchanges
    • Top 10 Crypto Exchanges
    • Top 50 Crypto Exchanges
    • Top 100 Crypto Exchanges
    • All Crypto Exchanges
  • Tokens
    • ICO – Token Sales
    • Upcoming ICOs
    • Ongoing ICOs
    • Past ICOs
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks
  • Events
No Result
View All Result
Web3Wire
No Result
View All Result
Home Decentralized Finance

WooCommerce and DePay Partner to Bring Web3 Payments to Online Merchants

in Decentralized Finance
36
SHARES
906
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Swiss Web3 payment startup DePay today announced that they are joining forces with the self-hostable, open-source eCommerce plugin WooCommerce, pushing decentralization further and providing merchants with the ability to have customers send payments directly to their own wallets with tens of thousands of accepted tokens on supported blockchains with on-the-fly conversion.


Simply install the DePay Payments WooCommerce plugin.

 

“DePay makes Web3 and crypto payments as straightforward as possible for merchants and their customers, without requiring a custodial approach,” said David Lockie, Web3 Lead at Automattic. “We wanted to offer WooCommerce merchants a wide range of crypto payment providers, and were instantly impressed by DePay’s flexibility across chains and coins, as well as their focus on a great user experience for all parties.”

“WooCommerce is the best way for merchants to run their shops without intermediaries. With the launch of DePay Payments for WooCommerce, this now also applies to payments.”, said Sebastian Pape, Founder of DePay.

The mechanism of blockchain transactions is inherently peer-to-peer and decentralized. Nevertheless, most of today’s established Crypto Payment solutions manage wallets for their customers, embedding a decentralized technology into centralized structures. As a result, the buyers pay intermediaries who credit the merchant’s account after processing each payment. Merchants then need to request the withdrawal of their funds as opposed to receiving the payments directly into their wallet.

Aiming for a paradigm shift, DePay establishes a new model by using decentralized finance (DeFi) to enable any-to-anything payment conversions managed by smart contracts, allowing merchants to receive all incoming payments in real-time.

WooCommerce and its parent company Automattic are strong partners for DePay thanks to their mission to drive decentralization further. We share their goal of democratizing commerce by removing barriers to entry based on income, gender, and geography.

The benefits for Woo merchants include:

  • Instant Cashflow: Received payments are settled and available for the merchants in real-time.
  • Automatic Conversion: Tokens are automatically converted (e.g. to stablecoins) as part of the payment transaction.
  • Unmatched token acceptance: By using DeFi, DePay grows the amount of accepted tokens by a hundredfold.

About DePay
DePay pioneers Web3 Payments with the power of DeFi. Driving mass adoption of blockchain-based payments, DePay merges the core ideas of decentralization and interoperability with state-of-the-art Web3 technologies.

About Web3Wire
Web3Wire – Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.
Visit Web3Wire for Web3 News and Events, Block3Wire for the latest Blockchain news and Meta3Wire to stay updated with Metaverse News.
View and Download PDF
Tags: AutomatticDavid LockieDePaySebastian PapeWooCommerce
Share14Tweet9Share3ScanSendShare
Previous Post

Airswift Launches A Full-Stack Cryptocurrency Payment Gateway

Next Post

Join BC.GAME’s Coco’s Carnival Now and Win Up To $2,100,000 or a TESLA

Related Posts

TijarX Gold Rush
Decentralized Finance

‘TijarX Gold Rush’ by MRHB Crossed Over 100,000 Transactions Across Multiple Countries

Capital Markets and Technology Association
Blockchain

The Swiss financial industry has successfully traded and settled tokenized investment products

Decentralized Finance

Build a DeFi Staking Platform With PerfectionGeeks Technologies

BingX Embraces Worldwide Traders With Advanced Onboarding System (PRNewsfoto/BingX)
Business

BingX Embraces Worldwide Traders With Advanced Onboarding System

Decentralized Finance

BetDEX Exchange Now Live on Solana Mainnet

Mr. Adeeb Ahamed, MD, LuLu Financial Holdings, receiving the award for Network Accelerator at the recently held Blockchain Innovation Awards during the Ripple Swell event in London
Decentralized Finance

LuLuFin Wins Best Network Accelerator at Ripple’s Annual Blockchain Innovation Awards

Newsletter

Join our Web3Wire Community!

Our newsletters are only twice a month, reaching around 10000+ Blockchain Companies, 800 Web3 VCs, 600 Blockchain Journalists and Media Houses.


* We wont pass your details on to anyone else and we hate spam as much as you do. By clicking the signup button you agree to our Terms of Use and Privacy Policy.

Web3Wire Podcasts

Web3Wire

Trending on Web3Wire

  • BetDEX Exchange Now Live on Solana Mainnet

    36 shares
    Share 14 Tweet 9
  • MATRIX Succeeds in Generating Metaverse World Through AI

    37 shares
    Share 15 Tweet 9
  • SupraFin Launches Institutional Quality Crypto Risk Scores/Ratings

    37 shares
    Share 15 Tweet 9
  • TaskOn v1.5.0: Transforming Your Web3 User Growth

    36 shares
    Share 14 Tweet 9
  • 2023 Crypto Wallet Report: Top 3 Trends to Look Out

    37 shares
    Share 15 Tweet 9

Upcoming Events

There are currently no events.

RSS Latest on Block3Wire

  • Covo Finance: Revolutionary Crypto Leverage Trading Platform
  • WorldStrides and HEX Announce Partnership to Offer High School and University Students Innovative Courses Designed to Improve Their Outlook in the Digital Age
  • Cathedra Bitcoin Announces Leasing of 2.5-MW Bitcoin Mining Facility
  • Global Web3 Payments Leader, Banxa, Announces Integration With Metis to Usher In Next Wave of Cryptocurrency Users
  • Dexalot Launches First Hybrid DeFi Subnet on Avalanche

RSS Latest on Meta3Wire

  • Thumbtack Honored as a 2023 Transform Awards Winner
  • Accenture Invests in Looking Glass to Accelerate Shift from 2D to 3D
  • MetatronAI.com Unveils Revolutionary AI-Chat Features and Interface Upgrades
  • Purely.website – Disruptive new platform combats rising web hosting costs
  • WEMADE and Metagravity Sign Strategic Alliance MOU to Collaborate on Blockchain Games for the Metaverse
Web3Wire

Information, news, press releases, events and research articles about Web3, Metaverse, Blockchain, Artificial Intelligence, Cryptocurrencies, Decentralized Finance, NFTs and Gaming.

  • About Us
  • Block3Wire
  • Meta3Wire
  • RSS Feed
  • Partners
  • Media Kit
  • Contact Us

Crypto Coins

  • Top 10 Coins
  • Top 50 Coins
  • Top 100 Coins
  • All Coins – Marketcap

Tokens – ICOs and IDOs

  • ICO – Token Sales
  • Ongoing ICOs
  • Upcoming ICOs
  • Past ICOs
Top 50 Web3 Blogs and Websites

Crypto Exchanges

  • Top 10 Exchanges
  • Top 50 Exchanges
  • Top 100 Exchanges
  • All Crypto Exchanges

Crypto Stocks

  • Blockchain Stocks
  • NFT Stocks
  • Metaverse Stocks
  • Artificial Intelligence Stocks
Web3Wire on Google News

Blockchain Resources

  • Blockchain and Web3 Resources
  • Decentralized Finance (DeFi) – Research Reports
  • All Crypto Whitepapers

Metaverse Resources

  • AR VR and Metaverse Resources
  • Metaverse Courses

Web3Wire Podcasts

Web3Wire Podcast on Amazon Music  Web3Wire Podcast on Google Podcast

Web3Wire Podcast on Anchor.fm  Web3Wire Podcast on Spotify
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • Sitemap
  • For Search Engines
  • Crypto Sitemap
  • Exchanges Sitemap
  • ICOs Sitemap

© 2023 Web3Wire | All Rights Reserved.
Our Media Network: Web3Wire | Block3Wire | Meta3Wire
Tools: w3w.in | w3w.club
We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

No Result
View All Result
  • Coins
    • Top 10 Cryptocurrencies
    • Top 50 Cryptocurrencies
    • Top 100 Cryptocurrencies
    • All Coins
  • Token – ICOs and IDOs
    • ICO – Token Sales
    • Ongoing ICOs
    • Upcoming ICOs
    • Past ICOs
  • Exchanges
    • Top 10 Cryptocurrency Exchanges
    • Top 50 Cryptocurrency Exchanges
    • Top 100 Cryptocurrency Exchanges
    • All Crypto Exchanges
  • Stocks
    • Blockchain Stocks
    • NFT Stocks
    • Metaverse Stocks
    • Artificial Intelligence Stocks

© 2023 Web3Wire | All Rights Reserved.
Our Media Network: Web3Wire | Block3Wire | Meta3Wire
Tools: w3w.in | w3w.club
We strongly recommend our readers to DYOR, before investing in any cryptocurrencies, blockchain projects, or ICOs, particularly those that guarantee profits.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.