TALLINN, ESTONIA / ACCESSWIRE / November 20, 2020 / The ecosystem designed by CoinsPaid allows the payment of a wide range of cryptocurrencies, thanks to its powerful integrated processing service – Cryptoprocessing.com. Payments can be automatically converted to fiat currency and managed risk-free in a multi-currency wallet, without any commission between CoinsPaid user accounts. Already 3% of the global Bitcoin transfer volume has been made via CoinsPaid since the start of 2020.
Cryptocurrencies are gaining popularity as a means of payment with consumers and businesses and enable fast and secure transactions. In addition, providers of goods and services appreciate the absence of high fees as in banks and other payment systems. Canceling the payment is almost impossible, which reduces the risk of fraud. Year after year, a growing number of companies include cryptocurrencies in their payment methods for goods and services. These are giants such as US retailer Overstock and Japanese Rakuten, e-commerce platform Etsy, wholesale Roots cafe and restaurant chain, Subway and Domino’s Pizza, telecom companies AT&T, travel companies Travala. and Cheap Air, Stephen James Group (the BMW dealership), and many more.
According to Blockchain.com, the daily volume of Bitcoin transactions has grown 2.5 times over the past five years, from 128,000 transactions worth less than $ 100 million in 2015 to nearly 300,000 transactions in ‘worth nearly $ 2.8 billion today.
CoinsPaid’s Cryptoprocessing.com payment gateway allows payments in over 30 cryptocurrencies, regardless of where the end user is located. Companies connected to the CoinsPaid processing service have the option of activating the automatic conversion of cryptocurrencies into fiat money. They can then receive payment for goods and services directly to their bank account in the national currency of their choice – US dollars, euros, pounds sterling and other currencies.
“Cryptocurrencies are a convenient payment instrument for day-to-day operational activities,” says Max Krupyshev, CEO of Paid Coins, “but for a long time, businesses lacked a service that would combine simplicity and convenience with a user-friendly interface and a safe and convenient solution for accepting cryptocurrency payments. The CoinsPaid ecosystem was the missing link. Now, more people will. Discover the real potential of cryptocurrencies, their convenience, cost-benefit and effectiveness. “
Cryptoprocessing.com is the optimal payment solution for all types of online businesses, including businesses working in iGaming or the Forex industry. In these sectors, the ability to top up user accounts instantly and in multiple currencies is of paramount importance. The company offers a flexible and transparent pricing system that depends on the customer’s turnover, in addition to fixed rates. The CoinsPaid ecosystem also provides many other tools and reports that help achieve maximum convenience when accepting and sending cryptocurrency payments.
The company recently expanded its product line and launched a new service in the B2B sphere: a wallet that supports over 30 cryptocurrencies and an integrated exchanger that enables conversions of digital assets into over 20 fiat currencies. No fees are charged for cryptocurrency transfers between user accounts of the CoinsPaid crypto wallet. CoinsPaid’s hot wallet system has been technically audited by Kaspersky Lab and the 10Guards team, both global leaders in cybersecurity.
CoinsPaid has already had huge success. Its payment gateway is used for 3% of global Bitcoin transactions, and its processing service, Cryptoprocessing.com, holds the # 1 spot in cryptocurrency operations for the iGaming industry. Entered in 2020 with a clientele of just over 100 points of sale, CoinsPaid has increased the number of partner companies to more than 300. Its total number of users now exceeds 3 million. The total volume of funds in CoinsPaid’s processing service revenue has almost quintupled from 2019. The crypto company is on track for a great year in 2021.
THE SOURCE: Paid Coins
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