Decentralised currencies instilled intense competition with banks and traditional financial institutions. However, this creates the best conditions for users and businesses who capitalise on these unique offerings and cutting-edge technologies.
Blockchain-based transactions offer the best conditions for users, allowing them to safeguard their financial and personal information and send funds quickly and directly. Businesses can capitalise on this trend by accepting virtual currencies and allowing their clients to pay with Bitcoin, Ethereum, and other coins.
Let’s explain how BTC payments benefit your crypto business and what the leading market players are.
Crypto Payments and Gateways: How They Work
Investment firms and brokerage platforms are businesses that deal with money, clients’ finances and other sensitive information. Therefore, accepting cryptocurrencies for brokerage firms has become essential.
On the other hand, users are becoming more aware of the best security risks, especially when handing over their personal data and financial details to third-party services. Therefore, using Bitcoin payments is on the rise.
Brokerage firms accept Bitcoin payments by integrating a payment gateway, which is the bridge between your platform and your client’s wallet.
When an investor deposits at the brokerage account, the gateway is activated. It checks the payment’s validity, the sufficient amount, and the transfer destination. The crypto gateway also verifies the operation with the blockchain and broadcasts the transaction in the decentralised ledger.
This complex process happens within seconds, ensuring that funds go from point A to B almost instantaneously, excluding any unexpected network congestion.
The Best 3 Crypto Gateway Providers
The payment service industry is full of providers that connect your brokerage platform with solutions that ensure a smooth transfer of funds between you and your clients.
B2BINPAY
B2BINPAY is a globally renowned crypto and blockchain platform that serves hundreds of brokerage firms, exchange platforms, e-commerce websites, and other businesses. This provider offers merchant and enterprise blockchain solutions to suit all needs and supports over 800 cryptocurrencies across tens of blockchains.
GoCoin
GoCoin is a popular payment solution that enables businesses and digital retailers to send and receive cryptocurrencies, especially Bitcoin, Litecoin and Dogecoin. GoCoin charges a 1% commission on its financial services, covering both online and offline transfers.
GoURL
GoURL is a WordPress-special Bitcoin plugin that allows businesses and online stores that use WordPress to transact with virtual coins. Its tool, Monetiser Online, enables businesses to earn Bitcoin with ease.
GoURL imposes a 1.5% to 3.5% commission scheme with a free sign-up process. However, it does not support classic bank payments.
Final Remarks
The financial payment industry is evolving, and the introduction of crypto payment gateways has raised the challenge bar. This competition offers businesses and users the best conditions to accept and receive payments using cryptocurrencies and digital assets much more easily.
Last Updated on by Icy Tales Team
