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.”
Then follow us on Google News!
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).
Featured image: CKA / Shutterstock.com
The post Blockchain start-ups team up to enable Ether payments on Amazon appeared first on The Independent Republic.
Theindependentrepublic.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!