With the extreme growth of cryptocurrencies in the crypto market, from top commercial businesses to street-end markets are now accepting crypto as their payment. To make it happen, they need to have a payment gateway that accepts crypto which is called a Crypto payment gateway. Out of many kinds of crypto payment gateways, the multi-crypto payment gateway is mostly preferred by businesses.
To fill this demand gap, many startups are striving to make their own Crypto payment gateway Business so that they can provide payment API services to the businesses who want to integrate crypto payment options. To provide such a service, startups would need a payment gateway software. Eventually, they will look for a way to develop it. For them, this article will help to know about the benefits of the multi-crypto payment gateway developed with the help of a development company.
But before going into the benefits, let me start with the basic explanation of the crypto payment gateway.
Crypto payment gateway
A crypto payment gateway is a platform that facilitates payments in crypto between vendors and merchants without any security risks. These payment gateways are built on top of the blockchains and they possess the exact abilities of the blockchain like decentralization, immutable storage, and transparent transactions.
Even though the Crypto payment gateways come with technically advanced and convenient options. The one important feature that were welcomed in most crypto payment gateway development is multi-crypto accepting options which are called multi-crypto payment gateway.
As the name describes, this kind of payment gateway supports multiple currency transactions and acceptance in international trade with zero network fees. It also works without intermediaries like other payment gateway and blockchain wallets.
Let’s check the superiority of multi-crypto payment gateway over conventional ones.
Multi-crypto payment gateway vs conventional payment gateway
Even though the digital era has grown beyond the level we think, many people still believe traditional payments are safer than digital payments. But the truth is that traditional payments come with high risks and enormous restrictions, especially in international transactions.
A decentralized multi-crypto payment gateway has the capability to accept more than 500 different cryptocurrencies. Also, transactions are much safer and resistant to attacks due to decentralization. Most importantly, the multi-crypto payment gateway has no problems like geographical limitations and frozen accounts. It is a simple and cross-border payment that can be done instantly and securely at a reduced cost.
Due to these reasons, many business owners are searching for a company to help them with multi-crypto payment gateway development. As a startup, if you choose to give your software development to the development company, you can reap extra advantages in addition to exclusive multi-crypto payment gateway development.
Benefits of multi-crypto payment gateway development
The multi-crypto payment gateway software developed by the development company comes with extraordinary benefits that help startup businesses with their growth and profit.
Reach on a Global level
A reliable payment gateway developed by experts from a professional development company can make your payment gateway reach the global level. It can reach global audiences with software developed with advanced features and convenient options, your business can reach a wider audience with these functions.
Zero Human Intervention
The decentralized nature of the platform allows only peer-to-peer transactions. It makes it easier for traders to contact each other directly and address grievances. Also, it reduces the steps to complete the transactions to make it faster in international transactions.
Highly Resistant to risks
As it is a peer-to-peer trading platform, every transaction is end-to-end encrypted, maintained, and stored in the ledger. No one can change the record or hack the money. The platform is completed protected with almost zero risk. This aspect makes customers trust you with their money
The Multi-crypto payment gateway software comes with advanced security aspects like Anti-DDos, 2FA, etc. These security features protect every activity of the payment gateways. This security factor will increase your customer base.
The software will be developed with high scalability to handle millions of transactions. The scalability of the software is designed according to the size of the business. Scalability makes the transaction faster which will make a convenient trading experience for your customer.
Hence, if you are a business executive looking for an effective way to develop your own multi-crypto payment gateway. Don’t hesitate to give its development to the Blockchain development companies. All you have to do is to find the Foremost multi-crypto payment gateway development company, that can help your startup to make a good start in the blockchain industry.