CLIC Technology, Opporty partner to enable Amazon purchases with Ethereum

Crypto payments firm CLIC Technology is working with blockchain infrastructure provider and B2B platform Opporty on a browser extension allowing Amazon customers to pay for items with the Ether (ETH) token.

Powered by Plasma Cash, a technology outlined last year by Ethereum founder Vitalik Buterin, this "will bring a modern day cryptocurrency economy one step closer to becoming a reality," according to CLIC Technology.

"Traditional Ethereum-based platforms are made to handle, on average, about 20 transactions per second, far less than what is needed for a functioning financial ecosystem. By comparison, Amazon processes upwards of 300 transactions per second, typically making it incompatible with the digital currency," a press release states.

"But with Opporty's Plasma Cash, CLIC Technology can now dramatically accelerate transaction speeds while reducing loads on the system. It can process a significantly larger number of transactions per second, potentially exceeding those of Visa and Mastercard."

"Bringing cryptocurrency to the e-commerce marketplace is the merging of two next-generation industries," says CLIC Technology CEO Roman Bond. "We're excited to be working on this project with Opporty, and to move forward on a number of other ambitious projects with them as well."

The two companies are also planning to create payment platforms processing any tokens based on ERC-20, ERC-721, and other Ethereum compatible standards.