It
is difficult to ignore the impact and influence of cryptocurrency in eCommerce,
even though it is relatively new. The rapid evolution of cryptocurrencies such
as Bitcoin has encouraged businesses to tap into its benefits in order to expand
their reach. Trusted payment gateway providers such as Payment Asia offers a crypto gateway that can help you meet the payment
processing needs of customers.
Cryptocurrency
is a digital currency that is independent of third parties such as banks and
governments. Unlike fiat currency that is supported by the government,
cryptocurrency uses encryption technology to administer its use and release.
Verification of transactions is done as a decentralized system and distributed
as block information as a public record. Check balances are controlled digitally,
which makes it extremely difficult to counterfeit or steal. Bitcoin or BTC is
the most well-known cryptocurrency. Services offered by Payment Asia are directed to bridge the gap between cryptocurrency
and fiat currency.
Why
Cryptocurrency?
One
key reason why you should opt for a crypto gateway is that this form of payment
processing is here to stay. Large multinational enterprises have already
started dabbling in thisfield;therefore, it is only natural that many others
will follow suit. The platform of eCommerce and cryptocurrency are complementary
to each other. With an increasing customer base who invest in cryptocurrency
and demand immediacy and security, cryptocurrency can be extremely beneficial. Its
features of increased security and the global nature of transactions give you
more control over transactions. Read Payment Asia reviews to understand how their services have benefited
retailers.
Increasing
Demand
Investors
have accepted cryptocurrency as a long-term investment;thus, it makes sense
when they start using it as a mode of payment. Today, businesses have truly
gone global, and quite often, e-commerce companies struggle to adjust prices
and currencies to accommodate the volatile fiat currencies of each country. Payment Asia reviews suggest that cryptocurrencies can
circumvent these concerns as it has a vast and ever-increasing customer base
across the globe. You can make use of crypto gateway services to delve into newer
markets and enjoy the first-mover advantage.
Enhanced
Security and Fast Transactions
With
blockchain technology, it is extremely difficult to duplicate transactions or
counterfeit the currency in the cryptocurrency system. Each transaction is time-stamped
and irreversible. Further, transactions are verified using encryption
technology. The transaction involves a two-factor verification process.
Additionally, transactions are processed instantaneously, unlike bank
transactions. You will have instant access to the funds, allowing you to
streamline your cashflow.
Features
of Payment Asia’s Crypto Gateway
With
Payment Asia’s crypto gateway, major digital currencies such
as Bitcoin are accepted, and payments are made in six major currencies. Instant
locking of transaction rates is done to minimize your risk. You can withdraw
your funds within a business day. Moreover, you can pay your suppliers in more
than 200 countries.
