It appears that a new contract has been agreed upon between CoinGate and Prestashop that opens up the use of cryptocurrency across all of Europe. The new contract will open up 80,000 new merchants to cryptocurrency payment options.
Prestashop provides open sourced e-commerce solutions to approximately 250,000 stores around the world and is available in 60 different languages. As long as the shop uses Prestashop e-commerce software solutions, one could pay with cryptocurrency. Of those 250,000 stores, 80,000 will be able to integrate CoinGate solutions for cryptocurrency use.
CoinGate is a crypto payment gateway that began in 2014 and is based out of Vilnius, Lithuania. CoinGate enables vendors to accept numerous types of cryptocurrencies as payment. The company offers payouts in Bitcoin, the US Dollar or the Euro to mitigate risks to vendors due to the volatility of cryptocurrency fluctuations. CoinGate also allows users the ability to directly purchase Bitcoin using credit/debit cards, smartphone credit and bank transfers along with the ability to sell Bitcoin directly to CoinGate in exchange for fiat. The coins available on CoinGate include Bitcoin, Ethereum, Litecoin and 43 altcoins including some interesting choices such as Dogecoin (DOGE) and Potcoin (POT).