Cryptocurrencies

CLIC Technology, Opporty partner to enable Amazon purchases with Ethereum

Crypto payments firm CLIC Technology is working with blockchain infrastructure provider and B2B platform Opporty on a browser extension allowing Amazon customers to pay for items with the Ether (ETH) token.

Powered by Plasma Cash, a technology outlined last year by Ethereum founder Vitalik Buterin, this “will bring a modern day cryptocurrency economy one step closer to becoming a reality,” according to CLIC Technology.

“Traditional Ethereum-based platforms are made to handle, on average, about 20 transactions per second, far less than what is needed for a functioning financial ecosystem. By comparison, Amazon processes upwards of 300 transactions per second, typically making it incompatible with the digital currency,” a press release states.

“But with Opporty’s Plasma Cash, CLIC Technology can now dramatically accelerate transaction speeds while reducing loads on the system. It can process a significantly larger number of transactions per second, potentially exceeding those of Visa and Mastercard.”

“Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries,” says CLIC Technology CEO Roman Bond. “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 two companies are also planning to create payment platforms processing any tokens based on ERC-20, ERC-721, and other Ethereum compatible standards.

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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