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KRONOS ADVANCED TECHNOLOGIES Now Accepts Cryptocurrencies Through Coinbase;

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Kronos Welcomes Global Consumers Utilizing Bitcoin as an Additional Payment Option

KRONOS ADVANCED TECHNOLOGIES, Inc., a product development and production company that has significantly changed the way air is moved, filtered and sterilized today announced that it accepts bitcoin through an integration with Coinbase. Consumers can pay for Kronos air purifiers and all of our products online using bitcoin and other cryptocurrencies.

Kronos President and BDO Michael Rubinov said, “It’s great to see Kronos accept cryptocurrencies, adding these new purchasing options available to Coinbase users and all bitcoin enthusiasts whom are looking to spend bitcoin whilst opening new marketing opportunities for Kronos’ unique product lines.”

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Bitcoinmarketjournal.com recently published research findings on bitcoin users:

  • Over 42 million bitcoin wallets had been established globally by December 2019
  • An estimated five percent of Americans hold Bitcoin
  • There are 7.1 million active bitcoin users
  • Leading cryptocurrency exchange Coinbase has over 30 million users
  • Emerging market users that are often not considered in statistics are estimated to be in the millions.

“In today’s economic reality it’s easy to see the value of integrating a Coinbase merchant account, opening up our innovative  products to new consumers, and by being one of the first companies in the air purifiers industry to adopt cryptocurrency as a form of payment gives us a competitive advantage,” -added Michael.

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Kronos ships worldwide so adding Bitcoin as a payment option made sense since crypto payments are global and have no risk of chargebacks as with legacy credit cards. Implementing Coinbase solution was seamless, saving 2 – 3% on each transaction made in cryptocurrency versus other payment methods. In our checkout page, the Coinbase logo is featured along other major payment providers to make it easy for customers to choose Bitcoin or other cryptocurrencies as a payment option.

There are 8000+ merchants already accepting cryptocurrencies using Coinbase merchant services.

The Company anticipates that the addition of crypto payments via Coinbase will give the company access to a broader customer base with the potential to attract countless new sales opportunities not unlike the successes witnessed by Overstock.

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