Cryptocurrency Payment API's: Needed FTW

[grarpamp]

https://coinreport.net/overstock-integrates-shapeshift-accept-major-altcoins-including-bitcoin-cash/

Overstock.com, Inc. announced in an email it sent to CoinReport that
it has integrated leading instant digital asset exchange ShapeShift
into its platform to enable customers to use major digital currencies,
including monero, ether, dash, litecoin and the new bitcoin cash, to
buy online from its selection of about 4 million products, including
DIY, furniture, décor accessories, rugs, bedding and more.

ShapeShift enables cryptocurrencies to be easily converted between
different coin types in a matter of seconds, all without any personal
data or account setup needed, says a press release. The funds are sent
to a particular address instead, with the transaction’s blockchain
record representing both the order and the receipt.

During checkout, shoppers will pick their desired digital currency and
submit the order before being asked to transfer the coins, just as
they would with any other digital wallet transaction. ShapeShift will
then be utilized by Overstock to convert the altcoins to bitcoin.
Also, bitcoin will be used to make refunds from an altcoin purchase;
however, customers can effortlessly exchange those to their favored
digital currency via ShapeShift.

Overstock founder and CEO Patrick M. Byrne commented, “Overstock is
pro-freedom, including the freedom of individuals to communicate
information about value and scarcity without relying on a medium
created through the fiat of unaccountable government mandarins.

For that reason, we have been an early proponent and adopter of
cryptocurrencies. ShapeShift has provided an elegant way for users of
any digital currency to transact seamlessly and privately across
chains, and we’re excited to harness that ability to the benefit of
our customers.”

ShapeShift CEO Erik Voorhees

ShapeShift CEO Erik Voorhees stated, “Overstock’s long history with
bitcoin and blockchain technology demonstrates their commitment to
innovation.

The ShapeShift team could not be more excited for this partnership and
are pleased our technology will be helping the next generation of
Overstock customers.”

According to Coinmarketcap.com, numerous popular non-bitcoin digital
currencies have emerged this year, making the number of transactable
cryptocurrencies grow to more than 1000. By market capitalization,
bitcoin is still the largest digital currency, even though it now
represents just under 50% of the market, down from 80% a year ago. In
addition to supporting dozens of these growing cryptocurrencies,
ShapeShift, in light of the recent bitcoin hard fork, now also
supports forked asset bitcoin cash, enabling Overstock customers to
purchase items via BCH.

Overstock is the first major retailer to accept numerous digital
currencies as payment. For the e-commerce pioneer, this announcement
is the latest in a line of major firsts in the blockchain world. In
early 2014, Overstock became the first major retailer to accept
bitcoin, while in late 2016, it issued the world’s first blockchain
stock with its Series A Preferred offering on the t0 platform.