Introduction
Cryptocurrency is the most common word used in the decentralized transaction platform. Cryptocurrency forms the base for any digital transactions. In this blog, we will discuss cryptocurrency, its payment gateway & the development process in detail.
What is cryptocurrency?
Cryptocurrencies are the digital currency used for buying & selling in the decentralized platform wherein the currency ownership records are stored with strong cryptography for security purposes. Tracking the owner’s identity is not possible since it is a highly secure & safe platform. The records are in a digital ledger termed blockchain, a list of records referred to as blocks that are secured & linked using cryptography.
How does a crypto payment work?
The crypto payments are made by using cryptocurrency rather than physical currencies, and the user pays in crypto or a digital wallet, not through a debit or credit card. So, to either pay or receive the currencies, he/she needs a digital wallet. Crypto wallets are in either the form of software or an application.
Why choose a crypto payment gateway?
Cryptocurrency payment gateway enables a trouble-free way to make blockchain-based transactions at ease. A speedy transaction with an instant transaction confirmation is available for national & international processes with high-end security. Multiple cryptocurrency payment gateway solutions have many features, like transactions within 15 to 20 seconds at a low-cost processing fee. It is processed as a smart contract where the digital transaction process is possible without a third party involvement. A more transparent process with data retrieval is an easy go when it is lost.
Top 5 platforms of crypto payment gateway development:
Cryptocurrency exchange script: The cryptocurrency payments are made easy by our platform. The robust and 100% safe payment gateway option makes the transaction more secured & straightforward. How does it work?
- Step1: It is mandatory to have a digital wallet for cryptocurrency payments. These digital wallets are decentralized ones.
- Step2: Either the user of the wallet can scan the QR code or even enter the merchant/receiver’s address in the platform, they have an option to send the cryptocurrency to the receiver’s wallet.
- Step3: After the confirmation made by the receiver, the transfer of funds is possible instantly. In our platform, the confirmation of the transactions is provided quickly.
Coinspaid: Payments are possible for more than 20 cryptocurrencies across the world. Multi-Currency support & borderless transactions are their main features.
Coingate: A wide range of purchasing methods & more than 50 cryptocurrencies transactions are possible on this platform
eMerchantBroker.com: The platform specializes in the high-risk industry mainly.
payment Asia: They offer a payment platform for more than 200 countries worldwide. Withdrawal of the funds is easy within one business day.
Developing a crypto payment gateway
Software that facilitates the transfer of the payments digitally is cryptocurrency payment. You can manage all the crypto payments using the Cryptocurrency exchange script platform. We assure full support & consulting service regarding the payment development platform. The cryptocurrency payment solution works in a 4 step process in our Cryptocurrency exchange script. The steps are as follows:
- Whether the blockchain technology & payment gateway process is suitable & ideal for your business pathway.
- The next step is to amalgamate the existing business payment that you possess with the new one.
- After a complete analysis, cost components, deadlines & other such details are to be confirmed.
- Finally, after a thorough analysis and payments, the cryptocurrency payment gateway is created.
Delivered value of cryptocurrency payment gateway development
- Security features: A two-factor authentication system enables a tranquil transaction without any hacker’s involvement. End-to-end encrypted transactions & wallets that provide a safe transaction. Hassle-free account opening for the transaction safety & user’s privacy.
- Multiple wallet login: With the help of one application gateway, users can integrate numerous wallets & transfer their cryptocurrency.
- Card enabled payment: For a customer-friendly environment, they offer an integrated debit or credit card payment option.
- Quick settlements: With no third parties involved in this transaction, the crypto transactions are fast & with zero third party commission involved.
- Fiat-crypto conversion: Easy conversion of fiat money (physical money) to cryptocurrency is possible. In addition, it has advanced technology & the most efficient platform for easy setup & login.
- User control funds: The user has complete control over the funds and private keys for security.
- Risk of the additional cost: No hidden charge or chargebacks to make the transaction platform budget-friendly.
Other features include:
- Transaction history, downloadable reports & real-time balance for future purposes.
- National & international transactions are possible because of a multilingual support system.
- Personalized solutions according to the needs of the users for a better transaction & for continual usage.
- The transaction fee is relatively low compared to the transactions done on debit cards or credit cards.
- Support for various cryptocurrencies like Bitcoin, Ethereum & all ERC 20 tokens.
Conclusion:
Cryptocurrency exchange script provides you a crypto payment gateway development that is up-to-date with modern technology understanding your business ideas and creating a user-friendly platform.