Over the past few years, crypto has gone from being a toy for geeks to a new form of finance. Realizing that crypto payments provide advantages over traditional payment systems, businesses are gradually changing their attitude to digital money. Meanwhile, crypto processing providers like Coinspaid are leading consumers and companies into the future of blockchain-based finance.
Crypto future is already here
Coinspaid is one of the world’s largest processing platforms for crypto payments and its product Cryptoprocessing.com is the #1 payment provider for iGaming projects. The company’s success is demonstrated by its 2021 performance: 4.8 billion in EUR processed, over 800 satisfied B2B customers, and 7% of all on-chain Bitcoin transactions.
Why did 800 merchants choose Coinspaid? There are many reasons:
- Up to 80% in savings on payment commissions;
- Up to 35% in user conversions;
- 30+ cryptocurrencies available (USD, BTC, ETH, LTC, BCH, ADA, DOGE)
- 20+ fiat currencies available for storage and payments (USD, EUR, GPB, AUD, JPY, CAD)
- USD, EUR and several more fiat currencies are available for withdrawal to a bank account via SEPA & SWIFT transfers.
Coinspaid’s B2B and B2C solutions are a fast and reliable financial instrument, the effectiveness of which can be verified by any user. Coinspaid provides a processing system where a variety of cryptocurrencies can be used for accepting payments with or without conversion. With easy crypto-fiat conversions, clients need not worry about high volatility and how it can affect their funds.
Low commissions are another incentive to use the company’s payment processing tools. Standard Coinspaid’s fees are only 0.8% on payments made in cryptocurrency without exchange for fiat and 1.5% on payments made in crypto with a subsequent withdrawal to the client’s bank account in fiat currency. The possibility to get discounts up to 50% for the usage of CoinsPaid’s utility token CPD is also available.
The best choice for crypto payments
One of the reasons why Coinspaid has become so popular in the cryptocurrency processing market is its superb hot wallet for businesses. The wallet supports multiple accounts and demonstrates an impressive uptime of 99.9%. Account-holders can assign user roles and different rights to access information. It’s also possible to set limits on the volume of transactions in certain cryptocurrencies. The wallet is also extremely secure: CoinsPaid is the only crypto payment provider to have passed not one but two security audits.
The following figures further demonstrate the quality and reliability of Coinspaid’s payment products:
- 13.5 million all-time transactions processed since 2014 including 3.34 million in 2020 and 8.95 million transactions to the end of 2021;
- 6.8 billion worth of crypto passed through the gateway and will be 5.5 by the end of the year
- 4.8 million volume in EUR including 1.25 million in 2020.
Coinspaid invested a lot of effort to ensure maximum technical and legal security to its users and clients. The system complies with all necessary regulations, including KYC (Know Your Customer) and KYB (Know Your Business) procedures and EU requirements on combatting terrorism and money laundering.
Prospects for crypto payments
The number of retailers accepting Bitcoin has increased in 2019-2021. Companies are realizing that Bitcoin and cryptocurrencies, in general, offer a unique set of advantages over other payment methods — and turn to CoinsPaid and other crypto payment providers to integrate BTC, ETH, etc. The next few years could be explosive for blockchain payments — and those businesses that connect to CoinsPaid today will reap most of the benefits.