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Global Ecommerce Provider Digital River Now Accepting Bitcoin
|By Business Wire
|June 16, 2014 11:01 AM EDT
Digital River, Inc. (NASDAQ:DRIV),
a leading global provider of Commerce-as-a-Service solutions, today
announced it has added bitcoin as a payment option for merchants that
are selling online in the United States and using its small
to mid-sized commerce solution. Bitcoin will now be available along
with other international payment options, such as credit and debit
cards, wire transfers, bank transfers and third-party wallets.
“Bitcoin continues to attract more mainstream attention,” said Tom
Peterson, executive vice president and general manager of commerce at
Digital River. “We’re excited to be among the first pure play ecommerce
providers to make the cryptocurrency available for small to mid-sized
businesses interested in providing their online shoppers more payment
choices and added convenience.
“Because Digital River acts as the merchant- and seller-of-record, our
international base of customers can accept and process bitcoin payments
in their U.S. online stores with less risk than they could on their
own,” added Peterson. “In addition, this business model creates an
opportunity for our customers to offer payment solutions that may be in
earlier stages of adoption in their domestic markets.”
Digital River partnered with San Francisco-based Coinbase,
a bitcoin wallet and platform provider, to handle the conversion of
bitcoin into U.S. dollars and process the payments. “The payments world
is energized by talks of digital currencies,” said Souheil Badran,
Digital River World Payments’ senior vice president and general manager.
“One of the bigger risks faced by merchants is dealing with the
volatility of the digital currency market. Partnering with Coinbase
allows Digital River to help mitigate that risk for our customers.”
“With Digital River’s expertise in the global commerce and payments
industry, we’re proud to support the extension of their payment options
for small to mid-sized businesses,” said Adam White, director of
business development and sales at Coinbase. “This partnership is another
positive step forward in bringing bitcoin payments to the everyday
Digital River’s small to mid-sized ecommerce solution provides online
merchants with multiple platforms and tools to successfully build,
manage and grow profitable ebusinesses on a worldwide basis. Priced
affordably, the solution is based on a do-it-yourself ecommerce model
with short click-through contracts, global ecommerce features and
customizable e-store set-up options.
For more information and to get started accepting bitcoin, please visit
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized
as a leading global provider of Commerce-as-a-Service solutions.
Companies of all sizes rely on Digital River’s multi-tenant, SaaS
commerce, payments and marketing services to manage and grow their
online businesses. In 2013, Digital River processed more than $30
billion in online transactions, connecting B2B and B2C digital products
and cloud service companies as well as branded manufacturers with buyers
across multiple devices and channels, and nearly every country in the
Digital River is headquartered in Minneapolis with offices across the
U.S., Asia, Europe and South America. For more details about Digital
River, visit the corporate
website, read the Digital
River Blog, follow the company on Twitter
or call +1 952-253-1234.
In addition to the historical information contained herein, this
press release contains forward-looking statements, such as statements
containing the words, “will,” “plans,” “intends,” “expects,” and similar
words. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Digital River, or industry results, to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, among others: Digital
River’s operating history and variability of operating results;
competition in the electronic commerce market; the ability of Digital
River to support bitcoin payments on its SMB commerce platform in the
United States; the market’s acceptance of such offerings; and other risk
factors referenced in Digital River’s public filings with the Securities
and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All
other company and product names are trademarks, registrations or
copyrights of their respective owners.
Twitter Tags: #Bitcoin, @DigitalRiverInc, #SWREG
to Tweet: .@DigitalRiverInc now accepting #bitcoin as
part of its global SMB commerce solution in the U.S.
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