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Why developing a Cryptocurrency Payment Gateway is necessary now?

adeliajoy1117 profile image Linda John ใƒป3 min read

Digital payments have skyrocketed, now overtaking the use of cash for transactions. It has coincided with the bullish run in the Cryptocurrency market with increased buying by institutional investors. Hence, Cryptocurrency payment gateway development has become essential for the safe processing of transactions.

It is used widely by Cryptocurrency exchanges, asset managers, trading platforms, portfolio managers, brokers, payment solution providers, hedge funds, and fund managers.

๐’๐Ž๐”๐‘๐‚๐„: https://www.blockchainappfactory.com/crypto-payments-gateway

๐–๐ก๐š๐ญ ๐๐จ๐ž๐ฌ ๐š ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐†๐š๐ญ๐ž๐ฐ๐š๐ฒ ๐๐ž๐ง๐จ๐ญ๐ž?
โžœ It allows the easy execution of transactions in all the leading digital currencies.
โžœ A Crypto payment gateway allows the real-time conversion of crypto to fiat currencies.
โžœ Users have full control over their funds.

๐“๐ก๐ž ๐ฏ๐š๐ซ๐ข๐จ๐ฎ๐ฌ ๐š๐๐ฏ๐š๐ง๐ญ๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐ฎ๐ฌ๐ข๐ง๐  ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ข๐ž๐ฌ ๐ข๐ง ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐†๐š๐ญ๐ž๐ฐ๐š๐ฒ๐ฌ
โžค Enhanced user privacy and security.
โžค Can be used 24x7x365 anytime and anywhere.
โžค The transaction fees in a Cryptocurrency payment gateway are less when compared to debit cards and credit cards.
โžค There is no interruption of third parties or middlemen in the platform.
โžค It can be used for cross-border transfer of funds and peer-to-peer payments.
โžค An additional layer of security is provided by a digital signature. It builds trust and reduces the possibility of duplication of payments.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐š๐ฌ๐ฉ๐ž๐œ๐ญ๐ฌ ๐ญ๐จ ๐ข๐ง๐œ๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž ๐๐ฎ๐ซ๐ข๐ง๐  ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐†๐š๐ญ๐ž๐ฐ๐š๐ฒ ๐‚๐ซ๐ž๐š๐ญ๐ข๐จ๐ง
โžค A QR code scanning facility for making quick payments by scanning the wallet addresses of users.
โžค Multilingual technical support must be provided around the clock to better user experience access to transaction history to the users to updated keep with the information about their payment activity and account balance.
โžค The platform must be integrated with numerous digital wallets to safely store usersโ€™ cryptos.
โžค Should be added to a Point of Sale (POS) machine so that users can utilize it for making payments for buying different goods and services.
โžค Plugins with the leading e-commerce platforms.
โžค Deposit and withdrawal facilities must be available 24x7.
Cross-platform compatibility by working efficiently on Android, iOS, and Windows systems.
โžค Auto-rejection of duplicate payments should be implemented to prevent the risk of chargeback fraud.
โžค Seamless API integration with third parties.
โžค Security measures like PIN lock, multi-factor authentication, biometric authentication, fingerprint authentication, anti-DDoS protection, and end-to-end data encryption.
โžค Real-time issue of notifications carrying important alerts through SMS and email.
โžค Integration with NFC/AR functionalities.
โžค A dedicated dispute management facility.
โžค Support for recurrent payments.
โžค An offline vault storage facility for the users.
โžค Real-time tracking of risky transactions and ransomware payments.

๐’๐Ž๐”๐‘๐‚๐„: https://www.blockchainappfactory.com/crypto-payments-gateway

๐“๐ก๐ž ๐ฌ๐ญ๐ž๐ฉ ๐›๐ฒ ๐ฌ๐ญ๐ž๐ฉ ๐ฉ๐ซ๐จ๐œ๐ž๐ฌ๐ฌ ๐Ÿ๐จ๐ซ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐†๐š๐ญ๐ž๐ฐ๐š๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ
โœ”๏ธ Analyzing the business requirements thoroughly.
โœ”๏ธ Deciding the implementation strategies that will suit the business goals.
โœ”๏ธ Creating the payment gateway by adding the necessary features and functionalities on the platform.
โœ”๏ธ Rigorously testing the solution to remove any technical bugs.
โœ”๏ธ Integration of the crypto payment gateway in business operations.
โœ”๏ธ Launching the payment gateway in the market.
โœ”๏ธ Adding necessary software upgrades based on the operational feedback.

๐ƒ๐ž๐œ๐ž๐ง๐ญ๐ซ๐š๐ฅ๐ข๐ณ๐ž๐ ๐…๐ข๐ง๐š๐ง๐œ๐ž ๐š๐ง๐ ๐‚๐ซ๐ฒ๐ฉ๐ญ๐จ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐œ๐ฒ ๐๐š๐ฒ๐ฆ๐ž๐ง๐ญ ๐†๐š๐ญ๐ž๐ฐ๐š๐ฒ ๐๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ
โœ”๏ธ Lightning Network is a decentralized platform used for processing Bitcoin transactions quickly. The benefits include adequate scalability, low operational costs, and cross-chain atomic swapping facilities.
โœ”๏ธ Celer Network uses layer-2 technology for facilitating the fast execution of off-chain transactions. It is used by gaming platforms for processing micropayments.
โœ”๏ธ Matic uses the Proof of Stake consensus mechanism for instant settlement of transactions. It offers greater throughput, asset interoperability, API, and SDK integration, and support for different DApps.
โœ”๏ธ Sablier which was acquired by Mainframe was built on the Ethereum blockchain network by following the ERC1620 token standard. The users can make payments in the leading cryptocurrencies and stable coins.
โœ”๏ธ StablePay enables payments in ERC20 tokens by the users to be converted into stablecoins like DAI. The main advantages are greater returns on the funds, no price volatility, 5โ€“7% interest offered on the deposit of fiat currencies, real-time remittances, and strong capacity to execute bulk transactions to several wallet addresses quickly.

As seen above, a Crypto payment gateway will lead to the transformation of the business operations by ensuring efficient fund management leading to high growth. It enhances the user experience and provides a lot of flexibility.

๐’๐Ž๐”๐‘๐‚๐„: https://www.blockchainappfactory.com/crypto-payments-gateway

Discussion (1)

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We all know the world is moving towards a digital ecosystem. In the ecosystem, Cryptocurrencies are playing an important role. Recently (Marโ€™2021), statistical reports say โ€œmore than 69.96 million active crypto users around the worldwideโ€. And now countries have legalized cryptocurrency.

Day-by-Day, cryptocurrency market is enlarging very fast, as a many new business opportunities are ahead such as crypto token creation, crypto exchange (Centralized & Decentralized), Crypto lending & borrowing, crypto wallet creation, crypto gaming & now Cryptocurrency Payment Gateway. Among these business ideas, recently we can find that many startups & entrepreneurs picked one particular business, that is - Cryptocurrency Payment Gateway.

The count of 69.96 million active crypto users creates this much curiosity to the crypto payment gateway. And, many industries like travel, clothing, food, etc. have already started accepting crypto payments(to cover the worldwide audience).

So, have you been wondering how to create a cryptocurrency payment gateway processor??? Let me explain in simple steps,

There are some certain that you need to follow to build/create a successful cryptocurrency payment gateway platform.

  • Do some industrial market research
  • Choose the location to launch your crypto exchange business
  • Partnering with the acquiring bank
  • Donโ€™t forget about security & features
  • And, Get the Cryptocurrency Payment Gateway Software/Script from the trusted providers.

These are some steps you need to follow to launch a cryptocurrency payment gateway processor. Choosing the cryptocurrency payment gateway software/script providers is very important. Because many cryptocurrency payment gateway software firms are available in the crypto market. So picking the best cryptocurrency payment gateway software is a really tough job. Don't worry; I will help you. Iโ€™ve done some technical research to identify & find the best cryptocurrency payment gateway software provider, as the end of the result one script/software provider (Coinsclone) cleared all my technical & non-technical hurdles. Coinsclone is one of the professional crypto exchange clone script providers. Their software/script is 100% secured & bug-free because their primary motto is client stratification. So that they have clients from all over the world. Till now they have successfully delivered 100+ crypto projects (Crypto exchange, Wallets & Payment gateway) for their clients.

Are you interested in shaking hands with them??? Talk with their team of business experts directly via,

Whatsapp/Telegram: +919500575285

Mail: hello@coinsclone.com

Skype: live:hello_20214

For a Free Live Demo, visit @ Bitpay Clone Script.