In a world where constant innovation is happening, cryptocurrencies are rapidly reshaping the world of payment systems.
Its mainstream acceptance as a payment option signals a shift toward a more evolved financial ecosystem. As a merchant, underestimating the potential of cryptocurrencies for payment options is similar to missing out on a goldmine.
However, with an increase in crypto payments, having a reliable crypto gateway, which can enhance the experience of accepting payments and benefit merchants is a must. This article will highlight the importance of having such a robust crypto payment platform to accept crypto payments in today’s environment.
The growing adoption of crypto gateways
Cryptocurrency adoption is increasing quite rapidly. A study in 2023 found that developing economies such as India, Nigeria, and Vietnam are ahead of the United States of America in terms of accepting or adopting cryptocurrencies. Another data recorded that there were about 420 million people using cryptocurrency globally in 2023. This growing acceptance and adoption shows that these digital currencies are an innovative and reliable alternative to traditional payment options.
For merchants, this is a jackpot itself, which is why they have started to enhance their payment systems by integrating a crypto payment gateway into their business websites. Data shows that in 2023, the market of crypto gateways was $ 1+ billion. Considering the increase in the integration rate, the market will hit $ 4+ billion by 2033.
This shows that as crypto adoption keeps increasing, the integration of crypto payments will also rise. Let’s see how integrating the most reliable crypto payment processor can be beneficial for your business.
Benefits of Integrating Coinremitter into your platform
Offers lowest processing fees:
Now, this is something that has attracted over 30,000 users to this payment gateway. While the average crypto processing fee ranges from 0.5% to 1%, processing fees on this platform are above 50% less than average, which is 0.23%. This makes it a crypto payment platform with one of the lowest crypto transaction fees in the market.
Sign up without KYC verification:
While registering on some platforms, users may need to go through an essential procedure of KYC verification to prove authenticity. The problem is that not every individual wishes to provide sensitive data and compromise privacy as a part of registration. Over 80% of users prefer anonymity.
Coinremitter is a popular crypto payment gateway without KYC, which means merchants can simply sign up without submitting any kind of identity proof and start accepting crypto payments without risking their privacy and going through KYC procedures.
Easy to integrate:
The integration of crypto payment processors can be quite difficult, especially for those merchants who are not familiar with coding. But, with this crypto payment platform, it can be relatively easy. The gateway offers crypto payment APIs with complete documentation and plugins with a complete installation guide for easy crypto payment integration. Also, merchants can request technical support in crypto API integration if required.
Robust security measures:
The payment processor provides advanced security measures with account security features such as 2FA, Code Card, Login Shield, etc. Besides, it allows merchants to enable or disable API withdrawals from their wallets if they feel that their wallet credentials like API key or wallet password are at risk.
It also allows merchants to set daily withdrawal limits in wallet settings. This becomes helpful in saving merchants’ funds up to a certain limit when they suspect any unauthorized withdrawal from their wallets.
No bank account required:
This may look like a con at first, but as this is a crypto-centric platform, it only supports cryptocurrencies. As it doesn’t support fiat currencies, merchants do not need to add any bank account to make withdrawals. Merchants can directly withdraw funds into their external wallets. Not requiring a bank account can be a major benefit in terms of privacy.
Check out this crypto payment gateway for businesses
Despite several crypto payment processors available in the market, Coinremitter stands out as a trusted and leading choice for merchants to accept crypto payments. This payment gateway offers features and services that have managed to build 38000+ satisfied users worldwide. In addition to this, its affordability is another reason. While other platforms have transaction fees of around 0.5% to 1%, this one charges a 0.23% processing fee. Another reason behind its success is that the gateway allows its users to register without KYC, making it a preferable choice for those who prioritize privacy.
Conclusion
Cryptocurrencies have proven to be a revolutionary innovation of modern times. Its increasing adoption shows that it is slowly becoming an alternative to fiat currency. This has also managed to push businesses to accept them for payments, which is why integrating a crypto gateway has almost become a need for businesses today. By offering exceptional benefits, these platforms are playing a key role in making crypto transactions seamless. With platforms like Coinremitter that offer user-friendly solutions and affordable transaction fees, we can say that it’s easier to accept crypto payments than before.
Read more:
Why Does Your Business Need a Crypto Payment Gateway Like Coinremitter?
