Business

Erik Gibbs

US auto parts retailer RPM Outlet now accepting crypto

RPM Outlet is an online automotive parts retailer that is headquartered in Phoenix, Arizona. Since undergoing an ownership change in 2017, it has been exploring ways to innovate its service offerings and has now made a decision that will help it be on the cutting edge of innovation. It has partnered with Shopping Cart Elite to allow its customers to purchase car parts with cryptocurrencies, including Bitcoin Core (BTC), Bitcoin Cash ABC (BCH), Ether (ETH), Litecoin (LTC) and others.

According to a company press release, RPM Outlet is an “American e-commerce storefront that supplies vast amounts of American muscle and diesel high-performance car parts.” Its new partnership is facilitated by the Chimpion crypto platform and allows customers around the world to purchase any parts with Chimpion’s Banana Token (BNANA).

RPM Outlet CEO Jeremy Thompson explained, “At RPM Outlet, our motto is ‘Online Shopping & Same Day Shipping.’ Since crypto payments are processed almost instantly, we can get our orders out faster than ever without having to worry about payments bouncing after the products have left our warehouse. Becoming a Chimpion merchant will help us to stay true to our mission and boost our bottom line.”

The press release further states of Chimpion, “Chimpion is a cryptocurrency e-commerce platform that enables any merchant to begin accepting cryptocurrency payments online. By holding Chimpion’s Banana Token (BNANA), merchants can gain access to Chimpion’s robust crypto e-commerce platform for free, without needing to pay a monthly subscription fee. Chimpion was developed using technology from Shopping Cart Elite, Paytomat, and Bitcoin Diamond (BCD) and combines comprehensive e-commerce features with convenient payment processing.”

RPM Outlet may be the latest auto parts store to embrace crypto, but it isn’t the first. Newparts began accepting crypto as a form of payment when it launched a collaboration with Shopping Cart Elite in October of last year.

Crypto adoption by merchants may not be occurring as quickly as some had thought, but it is occurring, nonetheless. Now that price volatility has dropped compared to last year, and more awareness is being created regarding the virtues and benefits of crypto as an alternative to fiat, 2019 and 2020 are going to see significantly more retailers signing up and embracing the only truly global currency ecosystem.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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