The cryptocurrency business is expanding at a breakneck pace. According to available information, over 10,000 distinct types of digital currencies are already available for trade. The trend of virtual currencies being more broadly recognised is now benefiting cryptos.
Mastercard has collaborated with three Asian crypto companies to launch crypto-based credit, debit and prepaid cards that would allow customers to convert their virtual currencies into fiat currency. The popularity of crypto is determined by how quickly people accept it and begin paying with common cryptocurrencies, which is influenced by merchants and suppliers on the one hand and processing services on the other.
Payment gateways for digital currencies handle digital currencies for fast crypto-to-fiat conversion. Hundreds of Bitcoin payment gateways have arisen to keep up with the rapidly growing cryptocurrency market. Retail and entertainment vendors like Casumo NZ can use these crypto payment processors to accept other digital currencies. Though, which is the most popular?
Popular Crypto Gateways in NZ
When it comes to selecting a payment gateway for your crypto transactions, you should go for a safe and helpful platform. Check out this list of the most popular Bitcoin payment gateways and their key features.
CoinGate is a well-known cryptocurrency payment gateway that provides a user-friendly checkout environment for secure Bitcoin transactions. It lets retailers take traditional currency payments such as USD, GBP, EUR and so on, in addition to cryptocurrencies.
Bitcoin Cash, Bitcoin, Ethereum, Ripple and Litecoin are among the more than 70 cryptocurrencies supported by this platform. Most cryptocurrencies are stored in safe Cold Storage by CoinGate, which charges a 1% transaction fee on all transactions.
Coinbase is one of the leading cryptocurrency exchanges, with Coinbase Commerce providing crypto payment gateway services. This gateway isn’t only quick, but it also allows businesses to take payments securely and without the involvement of a third party. This portal is accessible from more than 100 countries across the world. Shopify, WooCommerce, Magento and OpenCart are all supported by this gateway.
It accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USD Coin, Dogecoin, DAI and other cryptocurrencies. You may choose between the two Coinbase Commerce plans, which both incur a 1% transaction fee.
BitPay is one of the first crypto payment gateways, allowing businesses to reach a global audience while also safeguarding them from fraud. There's also an open-source ecommerce plugin available. More than 40 languages are supported by the API-based interactive platform.
BitPay is supported by top worldwide companies such as Amazon, Delta, Mastercard and Bol.com. This platform accepts a variety of cryptocurrencies, including USD Coin, Bitcoin, Gemini Dollars, Ethereum, Bitcoin Cash and Binance Coin (BNB), as well as fiat currencies, including USD, EUR and GBP. Payouts, retail payments, and bills are all supported by this payment gateway. A 1% fee will be applied to each transaction on this site.
Effortless Crypto Payments
The payment gateways discussed above give insights into what makes a crypto payment gateway stand out from the others. They provide inexpensive costs, ease of integration for vendors and sellers, and a comprehensive set of features and capabilities. While using a Bitcoin payment gateway isn't required, it does make things easier by offering quick service and total transparency.