- Shopify COO Kaz Nejatian recently hinted at major developments in crypto and blockchain technology coming soon from Shopify, saying they are doing “some of our best work right now” in crypto and people will be surprised at how fast they move over the next couple years
- While not providing specifics, Shopify has already been working on crypto payment solutions, approving Solana Pay as an app integration and launching Cryptocom’s crypto payments service for merchants
- With over 2 million businesses using Shopify globally, Nejatian’s statements signal Shopify aims to significantly impact crypto adoption and usage at the intersection of commerce and crypto through major planned moves in the space
Shopify‘s Chief Operating Officer Kaz Nejatian recently hinted at major developments in crypto and blockchain technology coming soon from the e-commerce giant. In a social media post, Nejatian said Shopify is doing “some of our best work right now” in the crypto space and people will be surprised at how fast they move over the next couple years. His statements suggest Shopify has big plans to leverage crypto and blockchain to benefit its platform and ecosystem.
Shopify’s Existing Crypto Implementations
While Nejatian did not provide specifics, Shopify has already been working on crypto payment solutions. For example, earlier this year Solana Pay was approved as an app integration on Shopify, allowing merchants to accept Solana‘s cryptocurrency. Additionally, last year Cryptocom launched its crypto payments service for Shopify merchants.
Shopify provides e-commerce solutions for online stores and physical retail locations. Headquartered in Canada, it is one of the largest e-commerce platform providers globally. At the end of last year, Shopify reported over 2 million businesses in 175 countries use its platform.
With Shopify’s large merchant base and Nejatian’s hints of major crypto progress coming, it appears the company aims to be at the intersection of commerce and crypto. While details are still scarce, Nejatian’s statements signal Shopify is planning big moves in the crypto space soon that could significantly impact adoption and usage.