Beam wallet has acquired Join, an app that allows users to shop and pay with stablecoins anywhere.
The acquisition allows Beam wallet users to shop online at Amazon and Shopify among other merchants and pay using stablecoins.
Beam has announced early access, with roll out expected in February.
Eco, the developer of self-custody wallet Beam, has announced its acquisition of Web3 app Join, making it possible for Beam users to shop and pay for purchases online at Amazon and Shopify using stablecoins.
According to an announcement the Beam wallet team made on Thursday, the acquisition of Join brings checkout onchain. This facilitates a better shopping experience for users without compromising on the benefits of decentralization, the platform said in a threat on X.
1/ BIG NEWS: we’ve acquired @join to enable shopping online with stablecoins.
It’s time to bring checkout onchain. No more waiting for the rest of the world to catch up.
Want to be the first to spend stablecoins on Amazon? Read on 👇
— Beam (@beam_eco) January 25, 2024
Andy Bromberg, CEO at Beam, said that acquiring Join allows the digital wallet that targets making payments with crypto easier and global, to add shopping to its features.
“Payments is crypto’s killer use case, and soon you’ll be able to shop anywhere online with stablecoins,” Bromberg said in a post on his X account. “Beam is the most cash-like digital payment experience out there. We started with P2P payments, and now, @DSTNYgroup and the Join team are bringing their decade of crypto commerce experience into the fold,” he added.
Beam has announced early access for the feature, with those on the waitlist getting access from February. The wallet app did not however specify the date on which this new feature will roll out.
Beam wallet is available on the Optimism and Base networks.
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