The world of finance is witnessing a digital revolution, and cryptocurrencies are protagonists of this change. Some recent news reports are putting crypto payments in a positive sense. For example, The Bank of Russia has announced its support for crypto payments in international settlements.
More and more people are embracing crypto, and for businesses, this may be a golden opportunity. A crypto payment gateway named Coinremitter crossed 10 million crypto transactions and heading towards 15 million successful transactions. This article covers why integrating crypto payments into your business with Coinremitter might be the best decision that you can make for your business in 2024.
Advantages of Accepting Crypto Payments
There are numerous advantages to accepting crypto payments for your business. Here are the most common benefits:
- Reach a Global Audience: Cryptocurrencies allow you to reach new markets and potential customers who prefer to make crypto payments.
- Faster Transactions: Crypto transactions are usually faster than traditional methods, resulting in quicker settlements.
- Reduced Fraud Risk: Blockchain technology offers a high level of security, minimizing the risk of fraud compared to traditional methods.
- Increased Average Order Value: Research suggests customers paying in crypto tend to spend 20% extra on average. This could happen because of low/no geographic restrictions with crypto payments, which allow customers to show interest in higher-value purchases from anywhere in the world.
Crypto Payments with Coinremitter
Coinremitter is a user-friendly crypto payment gateway, which is specifically designed to streamline the process of accepting cryptocurrency for your business. Their services allow you to accept a variety of popular cryptocurrencies. There are some common steps to follow after signing up/logging in if you want to accept crypto payments with Coinremitter for your business:
- Create a compatible crypto wallet
- (A) Generate an invoice (for merchants who want to request payments from consumers)
- (B) Integrate plugins or crypto APIs (for merchants who want to accept crypto payments on their websites)
- Make withdrawals to an external crypto wallet.
Accepting Crypto Payments with Coinremitter May Be the Best Decision
- Expanded Customer Base: There are over 100 million crypto holders worldwide. Over 38,000 merchants are registered on Coinremitter for accepting crypto payments. Coinremitter has successfully completed 12 million transactions, which shows a wide landscape of individuals involved in the crypto payments ecosystem, which indicates the possibility of an expanded customer base.
- Lower Transaction Fees: Crypto transactions are usually affordable when it comes to fees. With Coinremitter, crypto processing fees are even lower. Coinremitter charges just 0.23% processing fees, which is over 50-70% less than other affordable options.
- Enhanced Security: Coinremitter’s account security prevents unauthorized logins, while some other features ensure fund security. Coinremitter has recorded zero security breaches and zero fund losses till now, which gives merchants peace of mind, especially those who are going to join Coinremitter.
- Faster Settlements: Coinremitter allows merchants to opt for faster settlements by spending higher fees, please note that high-speed crypto processing fees are different for different cryptocurrencies. Also, another crypto wallet feature called auto withdrawal, which automatically withdraws (transfers) your funds to an external wallet, resulting in faster settlements.
- Privacy: Even after providing some advanced as well as features, Coinremitter respects merchants’ privacy by allowing them to sign up without processing KYC.
Conclusion
Cryptocurrencies are playing a key role in the evolution of the financial landscape. BRICS’ recognition of crypto payments clearly indicates the potential of this method. Some top crypto payment gateways like Coinremitter understand the potential of cryptocurrencies and let businesses utilize them in the best way, resulting in profits and many other benefits.
Media Contact
Organization: Coinremitter
Contact Person: Coinremitter
Website: https://coinremitter.com/
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Country: United States
Release Id: 03052411639