Due to the increasing demand for cryptocurrencies, blockchain payment solutions are becoming increasingly popular. Since its inception, blockchain technology has upended the financial services industry. As a result, blockchain payment solutions have evolved, increasing the speed and reliability of these payment processes. Companies are beginning to take advantage of blockchain technology to grow their operations. Through cryptocurrency payment gateways, businesses can accept bitcoin or blockchain transactions as payments for services or products. Given the nature of blockchain-based cryptocurrencies, these platforms prioritize security and accept payments from all countries.
Here are the top blockchain-based payment solutions:
Coinbase
With more than 98 million users, Coinbase is one of the most well-known blockchain-based payment solutions. It is the best platform for trading, earning, and investing in cryptocurrencies. Businesses that wish to accept cryptocurrencies like Bitcoin as payment also get payment processing solutions from Coinbase. With Coinbase, you can accept payments from your clients using cryptocurrency. Both regular exchange and payment solutions can be used with Coinbase. Without making a withdrawal request, it allows for quick cryptocurrency to fiat conversion. Within two to three days, your bank account will receive the payment.
CoinGate
Through CoinGate, customers can make payments in Bitcoin, Litecoin, Ether, and 50 other digital currencies. With no hidden fees or margins, you can withdraw bitcoins for a fixed 1% fee or get payments to your bank account without worrying about exchange rate fluctuation. They offer a variety of integration solutions, including APIs, shopping cart plugins, payment buttons, and web POS. Whether you operate a physical location or an online store, your customers will value a clear user interface and a straightforward payment system.
CoinsBank
CoinsBank’s user-friendly payment platform is well known in the blockchain space. You can download it for free to your iOS or Android device. CoinsBank supports popular fiat currencies like the USD and EUR. Due to its quick processing of deposits and withdrawals, it’s a great payment option for businesses. Additionally, there are no additional fees for using CoinsBank’s 24-hour access for transfers. It uses two-factor authentication and careful transaction and activity verification to safeguard your wallet. Because all the transactions are carried out at the current market rates, users have more control over their finances. There is a customer service system that is constantly available to assist you if you need help addressing any concerns.
Ripple
Since Ripple has been building its cryptocurrency and blockchain technology for more than ten years, its services are faster, more transparent, safe, and cheaper than traditional financial ones. People use Ripple’s solutions to conduct cryptocurrency payments and generate revenue. Ripple promises a frictionless experience for transmitting money worldwide via blockchain technology. By joining Ripple’s growing worldwide network, companies and financial companies may process their customers’ payments from anywhere. Banks and payment service providers can decrease expenses and enter growing markets by using the digital currency XRP. Ripple wants to build a value-based Internet where money can move as swiftly as information does currently.
SpicePay
SpicePay is one of the blockchain-based payment solutions that allows anyone, anywhere in the world, to easily and cheaply accept Bitcoin and other cryptocurrencies. One of its biggest advantages is that it enables companies to withdraw cryptocurrency payments using PayPal and debit cards. Withdrawals are possible in the following currencies: USD, EUR, CAD, and GBP. Dashboard tools may be used to monitor merchants’ exchange options. It should be noted that Euro transfers may need up to 24 hours to process, making them slower compared to some of the speedier trades. SpicePay enables businesses to set up bitcoin payments using iframes, email invoices, plugins, buttons, and payment APIs. For a limited period, you can benefit from free transactions as a new company. SpicePay typically assesses 1% for each transaction.
Tron
This blockchain payment system is used to create a decentralized web. Tron enables developers to use full protocols via smart contracts on blockchain technology. It can process up to 2,000 transactions per second, which is fairly similar to leading payment service providers such as PayPal. Tron was built for scale and adopts the designated proof-of-stake principle for improved blockchain security. Tron is one of the fastest-growing public chains.
