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Making Crypto Payments Easy for eCommerce with Jason Butcher, CEO of CoinPayments

Jason Butcher, CEO of CoinPayments, joins the eCom Ops Podcast to share the evolution of digital currencies and the ease that they bring to online transactions, how merchants can improve streamline transaction fees and his aggressive plans for 2021. Check out the other episodes here.

Key Facts

  • Jason’s LinkedIn
  • CoinPayments website
  • Jason is a part of the Emerging Payments Association  
  • CoinPayments is an integrated payment gateway of cryptocurrencies
  • CoinPayments is a preferred platform for Shopify and OpenCart
  • CoinPayments supports 2090+ cryptocurrencies / digital currencies under one platform
  • CoinPayments allow customers to purchase crypto through their credit card
  • CoinPayments allow merchants to accept Bitcoin and 1700 altcoins 
  • CoinPayments has three million users
  • CoinPayments transaction fee is as low as 0.5%
  • CoinPayments welcomes customers from various backgrounds and languages 

Key Takeaways

  • Jason started his eCommerce career by developing a platform known as the World Shopping Network
  • Jason started a payment gateway platform to help merchants with traditional payment methods like MasterCards
  • In 2015, Jason started looking to support the founders of CoinPayments as an advisor 
  • In 2016, Jason became a shareholder and partner in the CoinPayments
  • CoinPayments supports over 2000 types of digital currencies; however, there are about 150 currencies  that are actually payment tokens that can work as a direct payments method
  • Jason believes that people are getting used to digital currencies, and there is more acceptance among the users than ever before
  • In March 2021, CoinPayments processed over a million dollars in crypto transaction 
  • About 90% of CoinPayments transactions are done using Bitcoins
  • Jason strongly believes that both consumers and merchants should have the choice and option to accept all forms of payment 
  • CoinPayments provides a custodial wallet service. For example, If a customer accepts bitcoin as their transaction, the company sends that bitcoin directly to the customers’ ledger on CoinPayments custodial wallet service. From there the customer can use the coin for further transactions 
  • Jason is happy to be a part of the Emerging Payment Association. The Emerging Payment Association is made up of approximately 3000 members and includes people who work in the payment industry in the UK
  • CoinPayments have several advisors and experts who are well-versed in blockchain and crypto space to support customers with their queries 
  • Jason has quite aggressive plans for CoinPayments in 2021, including:
    • Introducing more AI into their systems 
    • Launching a debit card that will be different from traditional crypto cards
    • Launching feed settlement through which customers will be able to send crypto payments directly to their bank accounts
  • Launching a division in Brazil, catering to over 2.5 million crypto users
  • CoinPayments works globally, and you can join it through the registration page. All a customer has to do is submit their email address, password and verify their email address to start using CoinPayments

Key Resources

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