Most of the merchants around the world that are opening up to digital currencies is constantly increasing. The benefits of accepting digital currencies are numerous, and they include fast transactions, increased security, privacy, low transaction fees, and more.
Blockchain-based crypto payment gateway platforms available in the market that utilize cryptocurrencies are becoming increasingly popular and impressed more end-users around the world.
Several reliable cryptocurrency payment gateway platforms enable users to send and receive bitcoins and other altcoins. Here the top 5+ platforms that we think are best for cryptocurrency payment gateway platforms are discussed thoroughly in this article. Before that get some idea about crypto payment gateway &benefits!
An Introduction to cryptocurrency Payment Gateways
A blockchain-powered crypto payment gateway platform that allows users to send and receive payments in bitcoin and other cryptocurrencies. The aim is to create a crypto payment gateway platform that improves the payment process by avoiding the number of third-parties involved. It is also expected to increase the regular use of cryptocurrencies on a regular basis.
So Why Use blockchain-Powered Cryptocurrency Payment Gateway?
By utilizing a Blockchain ecosystem as a groundwork, crypto payments gateway platforms are highly encrypted and so much more secure than traditional online payment gateway platforms. Also, it simplifies worldwide transactions in multiple cryptocurrencies between suppliers, distributors, businesses, and consumers, at a second of the cost.
Smart contracts are used to handle and close payment agreements between transaction parties involved. Once a contract rule has been established, smart contracts will verify the efficiency of payment and accelerate it to the correct counterparty. This allows for an intensity of automation, without the need for human intervention.
Smart contracts are also made accessible for audit purposes that increase the transparency of the payment process and add a layer of security.
Added high-end security will give merchants peace of mind when changing to a decentralized payment gateway and help them to get decided with the platform much quicker. End-users will feel more convenient and are more likely to use a payment platform when they know that their payments are safe from attacks.
Benefits of accepting Cryptocurrency like Bitcoin As a Payment:
· Your business gets an alternative trustworthy payment method that works 365 days and 24/7.
· You can receive world-wide payments which you can track in on-time.
· Your business gets worldwide customer base
· Your business gets more profits, minor fees, fewer credit/debit card chargebacks, and cut-down fraud.
· It gives your business an opportunity to keep some amount of your profits in BTC as an investment option. This could help your business in the long-term.
· You and your business get the opportunity to ‘Be Your Own Bank (BYOB)’.
Top 7+ Cryptocurrency Payment Gateway Platforms:
Here is the list of 7+ best cryptocurrency payment gateways to accept Bitcoin and other cryptocurrencies as payment for merchants. This crypto payment platforms accept all major cryptocurrencies.
1.Coinbase Commerce
Coinbase is one of the biggest Bitcoin exchange platforms in the world. But apart from trading and exchange Bitcoin on Coinbase, you can also use it for accepting bitcoin as payment for your business. Coinbase has a trader app for business vectors to start obtaining Bitcoin where you can accept payments in Bitcoin and easily convert it into fiat to save yourself from price volatility.
It is estimated as best and famous for the bitcoin market because it accepts and offers us a payment gateway for 32 countries. It is totally more secured compared to other platforms.
Explore here -
