Leading Smart Product Retailer Wellbots Now Accepting Bitcoin Payments
Wellbots, a U.S.-based smart product online retailer, has announced that its customers can now make payments for goods at checkout using six cryptocurrencies.
Wellbots Now Accepts BTC
Announcing the development in a press release today, Wellbots said it will now accept Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and popular stablecoins Dai and USD Coin (USDC) for its smart products.
Before this time, the online store only accepts traditional payment methods such as Shop Pay, Google Pay, PayPal, Amazon Pay, Credit Card, and Affirm.
However, with the integration of six cryptocurrencies, Wellbots customers can pay for goods directly using the assets without converting the coins to fiat.
Commenting on the development, Phil Berdugo, CEO of Wellbots, noted that the company is always poised to look for innovative ways to keep its customers happy.
“We are excited to be among the early online retailers to let our customers pay with crypto,” Berdugo said.
Since 2019, Wellbots has been ranked among the top 5,000 list of growing companies in the United States for three consecutive years, with its products ranging from robot vacuums to electric scooters and bikes.
Crypto Gaining Ground as a Payment Option
The integration of bitcoin and other cryptocurrencies to the list of payment methods on online stores is gradually becoming a norm. This is mostly because of the widespread adoption of the asset class recently.
Cryptocurrencies are increasingly being not only as a hedge to rising inflation but also as a payment method.
In the past, crypto holders who wanted to make purchases online were required to first convert their coins into fiat money before paying for goods and services. However, there has been a rise in the number of e-commerce stores accepting crypto payments, prompting other firms to follow suit.
According to a recent report published by popular payment provider Visa, the firm noted that its customers used their Visa crypto-linked cards to pay for over $1 billion worth of goods on various e-commerce stores in the first half of 2021.
Meanwhile, big convenience store chain Sheetz announced in May that it would begin accepting bitcoin and other crypto-assets as payment across 600 stores in different locations in the U.S.
