The Fantom Foundation has integrated with crypto e-commerce platform Shopping.io to allow shoppers to purchase goods from major online retailers using Fantom’s native token, FTM.
The move to enable FTM holders to purchase online using cryptocurrencies signifies a “concerted move to facilitate mainstream crypto adoption” according to the platform, which so far remains the only international crypto onramp that enables users to spend cryptocurrencies on e-commerce websites.
“Fantom is among the most reputable, exciting platforms in the space, so we could not be more excited to deliver this integration,” he said.
“With their significant community support, we firmly believe this is a major leap toward crypto adoption and evolution.”
Cryptocurrency payments have become increasingly popular in recent months thanks to major integrations from payment providers like Visa and Mastercard alongside WhatsApp, Tesla and JPMorgan also exploring cryptocurrency payment options.
Now, an estimated 46 million crypto holders plan on making purchases using their digital assets, with another 42 million non-owners considering buying cryptocurrency to make future purchases according to research from PYMNTS.