Amazon Marketplace owners who sell their business to Elevate Brands will now have the option to receive payments in cryptocurrency.
- Elevate Brands, which owns a portfolio of Amazon-focused consumer products companies, is partnering with Coinbase Prime to offer this option.
- "We've learned that sellers are already entrenched in cryptocurrency, so we're thrilled to be the first company in the Amazon ecosystem to offer the option of cash or coins," Elevate Brands CEO Ryan Gnesin said in a statement. release.
- Elevate has raised more than €370 million from institutional investors and has more than 30 private labels. The company claims to be one of the top 100 sellers on Amazon.
- Amazon merchant partners in the US sold more than 3800 billion products and averaged more than €200 in sales, a year-over-year increase of about €000, according to the 170 Amazon Small Business Empowerment Report, published last October.
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