Shopify & Crypto.com deal signals long-term crypto payments adoption 💳; Block’s Super App strategy & why it could work 🤯; FTX fee-free stock trading as a move towards an 'Everything App' 👀

Good Morning FinTech, 20 May

Good day Everyone,

And happy Friday! Before going Netflix & Chill, today’s 3 FinTech stories will definitely give you some dopamine to end the week on a great note. From Shopify/Crypto.com deal and crypto payments in the long-term to Block’s Super App strategy and FTX going the Everything App route (about time to buy Robinhood in full!), it’s something you cannot miss. Check it out yourself:

Shopify & Crypto.com partnership signifies long-term crypto payments adoption 💳

The deal 🤝 I’ve briefly covered it earlier that e-commerce giant Shopify has partnered with cryptocurrency exchange Crypto.com so their merchants could accept crypto payments from customers through the Crypto.com Pay.

Since it’s part of a bigger trend seen in crypto, it’s worth taking a deeper look into this deal.

More on this 👉 According to a press release, Crypto.com will waive settlement fees (0.5% per transaction) for one month for Shopify merchants that integrate Crypto.com Pay into their checkout for a limited time.

As for Crypto.com Pay, it lets customers pay for purchases at partner merchants with more than 20 tokens, including Bitcoin, Ethereum, and Crypto.com’s Cronos token. Crypto.com Pay users who transact with Cronos can earn cash-back rewards—during the promotion period, they can get up to 10% cash back. Trying to get that token up, huh? 😎

So why this is important? Ultimately, this is all about the long-term crypto payments adoption and Shopify improving their CX. Here’s the takeaway: