Digital Wallet Beam Expands Its Horizons with the Acquisition of Payment Protocol Join to Simplify Online Shopping Processes Using Stablecoins

Eco Inc., the company behind crypto payment solutions and a self-custody wallet, is leading this innovative charge. Beam , announced its acquisition of Join The payment protocol and shopping app developed by Join allows users to make purchases using stablecoins. With this recent acquisition, Eco aims to enhance its resources for managing online shopping transactions at leading retailers, including Amazon and Shopify.

As per the announcement, invitations for users on the waiting list are slated to be sent out starting February.

Thanks to the new integration, users will have the ability to utilize their Beam wallet balance for purchases directly within an easy-to-navigate interface—simply by entering shipping information, pasting product links, detailing item specifics, and confirming the transaction.

The main goal behind the development of Join was to create a hassle-free spending environment, and its integration with Beam is positioned to elevate this vision. The application smartly handles various stablecoins across a range of networks, efficiently directing all transactions. stablecoins This integration marks a crucial advance in enabling online shopping through stablecoins.

1/ BIG NEWS: we’ve acquired @join It's high time for on-chain checkout. No more delays while waiting for everyone else to catch up.

Eager to be among the first to make purchases with stablecoins on Amazon? Keep reading 👇

According to Andy Bromberg, the CEO of Beam, this platform is set to offer a more user-friendly experience compared to custodial options like Venmo. Additionally, recent technological advancements are allowing everyday users to enjoy the benefits of non-custodial wallets, which is a groundbreaking shift in accessibility.

— Beam (@beam_eco) January 25, 2024

Eco Aims for a Broad Adoption of Cryptocurrency Coinbase The company Eco, known for its eponymous protocol and backed by cryptocurrency-focused venture capital, successfully raised $95 million before launching the Beam wallet last year, which facilitates global peer-to-peer payments and has attracted around 80,000 users. Ethereum While Beam requires user registration and adherence to know-your-customer (KYC) protocols, it offers a unique payment experience where users can make transactions via a link or QR code, mimicking the simplicity of cash payments. The wallet operates on Ethereum Layer 2 solutions including Optimism and Coinbase's Base.

Tackling the challenges associated with the ease of sending and receiving cryptocurrencies is among several issues that, if addressed, could significantly hasten the mainstream acceptance of cryptocurrency—an area of active exploration for developers.

Integration within the Telegram app has enabled users to send cryptocurrency in chats, a feature that subsequently allowed merchants to accept payments through the platform. a16z Eco's acquisition of Join represents a strategic enhancement of its capabilities to support online shopping transactions with stablecoins at major retailers, furthering the integration of cryptocurrencies into daily transactions and speeding up the adoption of cryptocurrency.

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Alisa, a committed journalist at Cryptocurrencylistings, specializes in the realms of cryptocurrency, zero-knowledge proofs, investments, and the vast expanse of Web3. With a discerning eye for innovation and trends, she provides insightful coverage to keep readers informed and engaged in the fast-paced world of digital finance.

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