Crypto processors are adamant about letting everyone get familiar with cryptocurrencies becoming the digital currency worldwide.
Companies that don't accept cryptocurrencies as a means of payment are quickly abandoned. Consumers are already talking about digital currencies around the world; Current estimates are estimated at around 300 million users.
As a result, more than 2,300 companies use the digital currency Bitcoin (BTC) in the US alone. Notable among the most famous are Microsoft, which introduced Bitcoin in early 2014; Overstock, an American internet retailer primarily engaged in furniture and whole foods, was one of the first major retailers to introduce digital currency. Other companies such as CheapAir are emerging to occupy a particular market, in this case as travel agents specializing in digital currency transactions. As a result, so far 5 million Bitcoin transactions have been processed by the platform. As a result, payment gateways like CoinsPaid have processed $7 billion worth of transactions over the past three years.
It's clear that ignoring this growing phenomenon is a concern, but it's not the only one. First, organizations that have capitalized on this trend in adopting cryptocurrencies have reached a new audience that was previously inaccessible. Lower transaction fees (or no fees at all) may apply depending on the amount transferred. For companies to benefit from this trend, payment gateways for cryptocurrencies are needed. The gateway will help merchants, retailers or other organizations receive payments directly from their customers.
CoinsPaid is an award-winning payment processor that helps businesses by accepting crypto payments and receiving the same amount in fiat currency for instant deposits or shares. Transaction fees for using the platform are currently 0.8-1.5%. In addition, customers can access various business solutions through OTC counters and multi-currency wallets. The platform is said to be a cost-effective solution for businesses to start their cryptocurrency payments vertically and effectively turn into a portal. In fact, CoinsPaid customers get processors under their brand that are fully supported, so the company can focus on what they do best - growing their business.
- Prior to this year, CoinsPaid only focused on business-to-business (B2B) solutions. With most of CoinsPaid's customers already in the cryptocurrency world, the payment processor has released a desktop and mobile version of its cryptocurrency portfolio which is expected to be released in the first quarter of 2022 to provide business-to-customer (B2C) support.
- Moreover, the platform allows users to enjoy instant commission-free transactions between all CoinsPaid users with support for more than 30 cryptocurrencies and 20 fiat currencies. CoinsPaid has also released a useful token, CPD, which can offer users rewards for DeFi activity and discounts on platform fees.
Do it normally
- While many companies are well acquainted with digital currencies, the inclusion of the CoinsPaid service has shown that adoption is in the hands of ordinary consumers and what stands in their way is the lack of simplicity and understanding of how to use digital assets.
- By providing online businesses with a simple processor for digital currency payments, the CoinsPaid team aims to accelerate adoption by making crypto more accessible. But that's just the first step. The opposite of the second step is to create a simpler user interface and more functionality for users to make digital currency easier to understand in everyday business.
- The team believes that cryptocurrency is suitable for everyone, not just experts and die-hard fans. However, to make this possible, solutions for businesses and ordinary consumers are needed.