This issue makes it difficult for businesses and users to adopt cryptocurrencies for everyday transactions. Crypto payment gateways address this need by simplifying the process of converting digital currencies into fiat, enabling smooth and efficient transactions. This article explores what crypto payment gateways are, how these gateways work, and their pros and cons. Cryptocurrency payment gateways, explainedA cryptocurrency payment gateway is a digital transaction facilitator that enables businesses to accept crypto payments while ensuring seamless processing and settlement.
Key takeawaysCrypto payment gateways enable businesses to accept cryptocurrency payments from customers. They act as intermediaries, converting crypto payments into the business's preferred currency (crypto or fiat). Crypto payment gateways reduce transaction fees compared to traditional banking systems and provide access to a global customer base.
Binance, Coinbase and Kraken, which are centralized cryptocurrency exchanges, provide payment gateways to facilitate crypto transactions. Additionally, they offer application programming interfaces (APIs), which enable merchants to create custom checkout pages with full design control.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Jagjit Singh
The story "What are crypto payment gateways, and how do they work?" has 1411 words across 78 sentences, which will take approximately 6 - 12 minutes for the average person to read.
Which news outlet covered this story?
The story "What are crypto payment gateways, and how do they work?" was covered 3 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 11 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
