Blockchain start-ups team up to enable Ether payments on Amazon
Crypto payments start-up CLIC Technology has teamed up with blockchain infrastructure provider and B2B platform Opporty to develop a browser extension that will allow people to pay on Amazon with Ether (ETH), even though the e-commerce giant does not accept cryptocurrencies. The extension will be powered by Plasma Cash, a scaling solution that facilitates off-chain transactions.
“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries,” CLIC Technology’s chief executive officer Roman Bond said in a press release published yesterday. “We’re excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well.”
The companies want to create payment platforms able to process not only Ether, but also any tokens based on Ethereum-compatible standards, such as ERC-20 and ERC-721.
Meanwhile, Ether’s market performance has been poor in recent trading, as the coin has seen a significant correction following its rise to a nine-day high of $261.02 on Wednesday. Having opened at $260.91 on Thursday, the coin tumbled to an intraday low of $255.60 during the final hours of the session. It eventually finished the session at $256.17.
The coin continued to decline during the opening hours of today’s session, with its price falling to as low as $254.15. The coin has since managed to recover from its early slump and is currently hovering in the positive territory for the day.
In today’s trading, the Ether price stood at $257.92, as of 16:14 BST. The coin has lost 0.8% of its value in the past 24 hours, according to data from digital currency tracker Coinmarketcap. The coin’s total market capitalisation currently stands at $27.5 billion, which makes ETH the second-largest digital currency on the market after Bitcoin (BTC).
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