The pandemic affected most business sectors, forcing merchants to face challenges. According to the International Trade Center, 18% of small and medium enterprises are about to cease their existence due to COVID-19. As such, business owners need to find some new ways to overcome the situation. Crypto payment solutions seem to be the perfect answer.
The era of crypto payments has already begun!
Several years ago crypto-accepting businesses were as exceptional and hard-to-believe as unicorns. Meanwhile, the crypto market underwent a rapid increase in 2020-21. The market capitalization has skyrocketed by more than 800%. Hence, the attitude towards digital assets changed upside down.
Merchants understand virtual currencies as new perspectives for their businesses, and the number of crypto-accepting companies is steadily on the rise. For instance, this day crypto hodlers may purchase everything: from a cup of coffee in “Starbucks” to a gorgeous villa in the UAE. More than 15 000 businesses worldwide accept cryptocurrencies as means of payment. The list includes Burger King, Microsoft, Norwegian Air, Twitch, and many other world-known corporations.
Doubtless advantages of crypto payments
When someone is going to accept new technology, advantages should be obvious. Crypto payment gateway has some doubtless pros:
- Digital assets reduce consumers’ fees that make goods and services cheaper for end-users.
- Such payments are accessible worldwide no matter which country a client lives in.
- While talking about crypto payments, no limits exist per one transaction.
- These payments are safe, as end-users have no opportunity to cancel a transaction.
- Customers and business owners avoid contacting third parties like banks and other institutions.
Hence, such a solution may drive your business to new peaks, hailing the new financial era.
Crypto payment gateways to make the process possible
In simple words, a crypto gateway is a solution to empower business owners with the ability to accept crypto payments through their websites. The solution serves as a mediator between merchants and buyers, providing the necessary advancing operations like clients’ data check, a transaction confirmation, etc.
Hence, crypto payment gateways help business owners not dive into the complicated mechanisms, but just accept payments in Bitcoin, Ethereum, and other digital currencies. What is the best?
When someone is going to accept new technology, advantages should be obvious. Cryptocurrency payment gateway? The issue is rather questionable; as different factors need to be taken into account:
- The number of digital assets a gateway accepts.
- Which additional opportunities are merchants empowered with (e.g. the ability to exchange received crypto)?
- How secure is a gateway?
- Do merchants obtain a possibility to get fiat money?
B2BinPay to offer high-end solutions for merchants and enterprises
Based on the above factors, B2BinPay is a cryptocurrency payment gateway the best solution for merchants wishing to expand their businesses and commence accepting cryptocurrencies. The gateway is credited with the highest level of convenience and straightforward functionality.
Business owners get an opportunity to receive, store, send, and exchange digital currencies within secured wallets. Furthermore, crypto payments may be automatically converted into fiat money and obtained on bank accounts. B2BinPay offers more than 20 cryptocurrencies to accept, exchange, or withdraw, and all digital assets are highly liquid.
Need a quick safe integration of crypto payments to open new horizons for your business? Choose B2BinPay!