menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Bitcoin News

>

What are c...
source image

Coin Telegraph

3w

read

339

img
dot

Image Credit: Coin Telegraph

What are crypto payment gateways, and how do they work?

  • Crypto payment gateways enable businesses to accept cryptocurrency payments and convert them to preferred currencies.
  • They leverage blockchain for secure, fast transactions with reduced fees and global accessibility.
  • Challenges in seamless crypto-to-fiat conversion hinder wider adoption for transactions.
  • Crypto payment gateways simplify this conversion process and enhance transaction efficiency.
  • Types of gateways include custodial (automated conversion) and non-custodial (direct transfers with control).
  • Traditional fiat gateways differ from crypto gateways in currency type, decentralization, speed, and chargeback protection.
  • Crypto payment gateways offer quick settlements, transparency, and multi-currency support but are centralized and may incur extra fees.
  • Major exchanges like Binance and Coinbase provide payment gateways for seamless crypto transactions.
  • Focus on provider security, transaction fees, supported cryptocurrencies, and customer support when choosing a gateway.
  • Research and reviews help select a secure and reliable payment processor for businesses.

Read Full Article

like

20 Likes

For uninterrupted reading, download the app