The global economy is changing due to the rise of cryptocurrency payments. Crypto Payment Gateway are making this payment method good on a regular basis. Consumers prefer a variety of online payment options, including crypto payments. That’s why many modern online businesses accept payment in crypto to serve them.
The market of cryptocurrency payment gateways is expected to grow by a 14% to 17% CAGR this decade. The adoption of cryptocurrency payments can also increase with this rise. A crypto gateway, CoinRemitter, is helping drive this growth, and it could exceed this projected data.
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How CoinRemitter Can Transform the Market
Lowest Processing Fee
Most business owners want to pay fees as low as possible. The processing fee can directly impact profit and product/service prices. As of now, the average crypto processing fee is 0.5% to 1%. On the other hand, this crypto payment processor charges 0.23%. This reduces business owners’ transaction costs by up to 77%. This way, they can maintain competitive prices while still earning high profits.
The potential for higher profits may attract many businesses to accept crypto payments.
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Security
Just providing crypto payment services isn’t enough. The platform must be secure enough to protect a business owner’s information, such as wallet details, account info, and funds. One cannot just depend on cryptographic algorithms for security, as account or wallet credentials may be leaked or disclosed by mistake. A platform must provide dedicated security features.
This cryptocurrency payment gateway has additional security features. Using them, business owners can determine whether anyone is using their accounts and take the necessary steps to stop them. Features like 2FA and Login Shield help them make the login process more secure. Similarly, control over API withdrawals and withdrawal limits helps them keep funds safe.
This invites more businesses to add cryptocurrency payments to their websites without worrying about security.
Easy and Quick Settlements
Sometimes, fund settlements can be a headache for business owners, especially when relying on a third-party payment service. The provider may take a few days to give businesses control over their funds. Business owners may face difficulties in cash flow and stock management due to slow settlements. So, a method that makes settlements quick and easy is required.
CoinRemitter provides Auto-Withdrawals for quick settlements. This feature automatically transfers funds to an external address every 30 minutes. So, businesses can quickly and easily get control over their funds. This convenience and frequency convince many business owners to accept payment in crypto.
Increased Privacy
Online privacy matters most due to the rising number of identity theft cases. Business owners cannot risk their sensitive information, as it can be misused. So, they prefer not to share ID proofs and other documents on online platforms. However, some platforms have made KYC mandatory. This means that submitting ID proofs is compulsory on such platforms.
However, CoinRemitter doesn’t require KYC during registration. This means business owners can sign up without submitting their documents. So, business owners can start accepting cryptocurrency payments without risking their privacy. This privacy-focused approach can also increase the number of businesses that accept payment in crypto.
Easy Crypto Payment Integration
Integrating crypto payments into a website can be complex if any coding is required. That’s why many business owners avoid integrating them. But an inbuilt payment system helps businesses gain trust and credibility.
This crypto gateway has the following options for crypto payment integration:
- Plugins: Balanced complexity and flexibility.
- Crypto API: High flexibility and complexity.
- Widgets: Low complexity and flexibility.
Business owners can check out all these integration options and choose one according to their requirements. Easy integration invites businesses to accept crypto payments without any technical skills. So, the market can easily grow more with more businesses using crypto payment services.
Some Data That Helps Us Expect a Big Change
- CoinRemitter has processed over 19 million transactions till now. This number is 42% higher than in 2023.
- This platform has more than 40,000 sign-ups. Many of them regularly use it to accept crypto payments.
Conclusion
According to experts, the crypto payment processor market can grow at a CAGR of 14% to 17% this decade. Many businesses can start accepting cryptocurrency payments due to CoinRemitter’s lowest fees, security, easy integration, privacy, and quick settlements. In fact, we can expect better growth, seeing its internal stats. So, we can say that this crypto payment gateway is transforming the industry.
