{"id":21837,"date":"2021-08-23T08:33:57","date_gmt":"2021-08-23T08:33:57","guid":{"rendered":"https:\/\/www.appdupe.com\/blog\/?p=21837"},"modified":"2021-08-23T09:01:52","modified_gmt":"2021-08-23T09:01:52","slug":"cryptocurrency-payment-gateway-development","status":"publish","type":"post","link":"https:\/\/www.appdupe.com\/blog\/cryptocurrency-payment-gateway-development\/","title":{"rendered":"Cryptocurrency Payment Gateway Development – A Detailed Guide"},"content":{"rendered":"

Are you that entrepreneur who wishes to do everything fast? The business of cryptocurrency transaction processing is apt for you. Bitcoin, the world\u2019s most valuable digital currency, witnessed a speed of 9000 transactions per second on its Scaling Test Network (STN) in January 2021. Hence, aspiring techpreneurs can take the big step now and commence customized Cryptocurrency payment gateway development.\u00a0<\/span><\/p>\n

What is a Cryptocurrency\u00a0 payment gateway?<\/b><\/h2>\n

It is an online payment processor for executing transactions in various digital currencies. Users will get real-time information about their balance, pending transactions, and previous payments.\u00a0<\/span><\/p>\n

Crypto enthusiasts can protect their data and funds with measures like anti-DDoS protection, end-to-end data encryption, multi-signature wallets, private keys, two-factor authentication, and Secure Sockets Layer (SSL).\u00a0<\/span><\/p>\n

Hence, a Crypto payment gateway assists in the swift transfer of Bitcoin, Ethereum, Cardano, Dogecoin, and Ripple. Single and multiple transactions can be executed with ease. Some of the popular examples are BitPay, CoinsBank, CoinGate, and CoinPayments.\u00a0<\/span><\/p>\n

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Bitcoin and Ethereum continue to be the most used digital currencies for processing payments. The circulating supply of Bitcoin is 43.5% and Ethereum 18.5% respectively. According to Statista, the number of Ethereum and Bitcoin payments in July 2021 was 1.1 million and 250,000 respectively.<\/h4>\n<\/blockquote>\n<\/div>\n

How does a Crypto payment gateway function?<\/b><\/h3>\n

The digital payment processing tool works 24x7x365. It comes with special characteristics like decentralization, immutability in data storage, and protection for payers and payees against duplicate transactions.\u00a0\u00a0<\/span><\/p>\n

The USP of a Crypto transaction execution platform is that there are no intermediaries involved. Hence, users need not pay any commission or fees to middlemen.\u00a0<\/span><\/p>\n

Members of a Crypto payment enabling platform get several benefits like faster checkout, friendly user interface, a safe vault option, and swift conversion of crypto into fiat currency. Further, they can utilize their valuable virtual currencies on the leading e-commerce platforms.\u00a0\u00a0<\/span><\/p>\n

Why is a crypto payment gateway highly important?<\/b><\/h3>\n

There are a whopping 11335 digital currencies in the world as per CoinMarketCap. The market capitalization of cryptocurrencies is a humongous $2.02 trillion. Hence, it is the right time for entrepreneurs like you to partner with a Crypto payment gateway development company<\/strong><\/a> .<\/span><\/p>\n

Credit card and debit card companies like Mastercard and Visa are imposing hefty transaction processing fees on users. There is an urgent need to stop this financial menace. Crypto-based payment processors will charge only negligible fees from payers.\u00a0<\/span><\/p>\n

Cryptocurrencies have the power to decentralize asset management. Additionally, it also offers higher returns than other financial assets like bonds, gold, real estate, stocks, and treasury bills.\u00a0<\/span><\/p>\n

Moreover, virtual currencies have a daily trading volume of $112.41 billion. Hence, both institutional and retail investors need secure crypto payment solutions to manage their inflow and outflow of funds.\u00a0<\/span><\/p>\n

The types of Crypto Payment Gateways<\/b><\/h3>\n

1. Single-currency payment processors<\/b><\/h4>\n

These single-currency payment gateways accept only one kind of digital asset like (Bitcoin or Ethereum). Hence, payers and payees can easily manage their funds invested in a specific cryptocurrency. They are also safeguarded against fluctuations as their money is not held in different digital assets simultaneously. Therefore, this minimizes their total risk.\u00a0<\/span><\/p>\n

2. Multi-currency payment gateways<\/b><\/h4>\n

Users can process transactions in any cryptocurrency on such payment processors. For example, CoinGate is a popular blockchain-based gateway. It accepts transactions processed via Bitcoin, Ethereum, Litecoin, Nano, and Ripple.\u00a0<\/span><\/p>\n

Payers on the CoinGate platform receive benefits like flexible usage of 50 digital currencies, protection of privacy, secure cold storage facilities, and sharing of e-receipts.\u00a0<\/span><\/p>\n

Know the fastest-growing Crypto payment gateway<\/b><\/h3>\n

BitPay is the leader in processing digital currency transactions in the world. Generally, it offers a plethora of features like a prepaid Mastercard, hassle-free conversion of cryptocurrencies into US Dollars (USD), and shopping options with gift cards.<\/span><\/p>\n

Further, both individuals and business firms can utilize BitPay anytime and anywhere. In particular, merchants get benefits like easy sharing of e-invoices with vendors, multi-platform compatibility, and no chance of chargebacks.<\/span><\/p>\n

The biggest advantage provided by BitPay is that it accepts bank deposits in around 38 countries. Hence, this has helped the American platform enter the mainstream financial services industry.<\/span><\/p>\n

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Stay ahead in the fintech industry by owning a Bitcoin payment gateway<\/h4>\n

Connect on WhatsApp <\/a>Contact us now!<\/a><\/p>\n<\/div>\n

The development process\u00a0<\/b><\/h3>\n

At AppDupe, we follow a comprehensive strategy for creating a crypto payment gateway solution in a few days or weeks.\u00a0<\/span><\/p>\n

It comprises steps like\u00a0<\/b><\/em><\/b><\/h4>\n