Eco's Beam Wallet Set to Revolutionize Online Shopping with Amazon and Shopify Integration
Join App acquisition by Eco paves the way for simplified crypto payments on major retail platforms
In a significant development for the cryptocurrency world, Eco, the creator of Beam wallet, has recently acquired the Web3 shopping application Join. This move, announced on January 25, marks a strategic advancement, enabling Beam wallet users to seamlessly make purchases on Amazon and Shopify. The integration of Beam and Join is a leap forward in the utilization of cryptocurrency for mainstream e-commerce transactions.
Beam wallet, known for its operation on the Optimism and Base networks, introduces an innovative approach to digital payments. Slated to be launched in February, this integration highlights Eco's commitment to enhancing user experience in the crypto space. Notably, Beam wallet distinguishes itself by allowing users to sign up using just their Twitter accounts, eliminating the traditional hassle of copying and storing seed words. The wallet's use of stablecoins for payments and gas fees further simplifies the transaction process.
Tom Dean, the CEO and co-founder of Join, expressed his enthusiasm for the integration. He emphasized that this collaboration is a significant stride toward normalizing stablecoin payments globally. "The integration into Beam is a critical step towards realizing our vision of making crypto a common currency," Dean stated. He added that this development is a clear indicator of the crypto industry's readiness to offer user-friendly payment solutions on a global scale.
Join, co-founded by Dean, Jawad Ayoub, and Brad Crook, has received support from prominent figures and organizations, including investor Balaji Srinivasan and a grant from Base. Eco's backing by leading venture capital firms such as Andreessen Horowitz, Coinbase Ventures, and others, underscores the strong confidence in this venture.
Beam wallet joins the ranks of other user-centric wallets like Immutable Passport and Kresus, which focus on simplifying the crypto experience by eliminating traditional barriers such as seed words and native-coin gas fees. Worldcoin has also introduced a wallet that covers gas fees for users, further democratizing access to cryptocurrency transactions.