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$3.6 TRILLION! The cryptocurrency market cap is going to the moon to attain a new financial revolution in this era. A wise person once said, ‘The future of money is digital, and those who ignore it risk being left behind.’ In 2023, the market for crypto payment gateways reached $1.2 billion with an expected growth rate of over 15% by 2032, as per the latest report.
With more than 600 million global crypto users already, big brands like Microsoft, Tesla, and Overstock are already accepting crypto payments to become future-proof. With the increasing amount of crypto investments around the world, people have started using those for everyday transactions.
Businesses that are planning to adapt to this financial upgrade, must choose a top-rated crypto payment gateway development company to make a feature-rich and ultra-secured platform.
High Fees - Yes, this is the reason why many companies are looking towards other source of payments while traditional finance costs are high. That’s why cryptocurrency payments are becoming a better option for startups and enterprises. Crypto payment gateways charge much lower fees, often as low as 1%.
For businesses that operate with tight profit margins, saving on transaction costs can make a big difference. These savings can be reinvested into your business. Plus, customers also appreciate avoiding extra charges when paying with cryptocurrency, making them more likely to shop with you. These are like introducing credit card payments in the 20th century when cash was still the norm.
Millennials and Gen Z are mostly investing in cryptocurrency as they already know its potential. For them, crypto it’s a way of life more than just an investment. They use it to shop online, book travel, and even buy their daily coffee. By integrating a crypto payment gateway, your business appeals directly to this tech-based demographic. It makes them more likely to choose your business over competitors stuck in the past.
We all know that traditional payment methods come with limitations. Handling currency conversions, paying high transaction fees, and waiting for international payments to clear can be frustrating. Cryptocurrencies are well-known for their lightning-fast transactions and easy cross-border payments with their secured network. It can be a bonus add-on for your business.
With a crypto payment gateway, you can accept payments from customers anywhere in the world without worrying about exchange rates or delays. This is valuable for e-commerce businesses or companies with international clients.
Crypto Payment Gateway Platform Development uses blockchain technology, which makes transactions in a most secure environment and transparent. Once the transaction is completed, it cannot be altered or reversed without agreement from the entire network.
Additionally, crypto transactions don’t require customers to share sensitive information like credit card numbers which reduces the risk of fraud and identity theft. This security gives peace of mind to both businesses and customers.
More than other platforms in the industry, developing a crypto payment gateway is a tough task as it contains the user’s funds as well as the company’s. That’s why we are suggesting contacting an industry-leading crypto payment gateway development company to make it.
However, developing a platform from scratch will take a good amount of time and funds, but there are a lot of products available in the market that can be used to add this feature quickly to your business. That’s called a crypto payment gateway clone script. Some famous ones are,
1.BitPay Clone Script
The BitPay clone software is ready-made software designed to replicate the features of BitPay, one of the most trusted crypto payment gateways. BitPay supports various major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, offering fast and secure transactions.
With this script, businesses can launch a platform similar to BitPay for both web and mobile. It allows users to conduct global crypto transactions with high security and includes options for customization.
2.CoinGate Clone Script
The CoinGate clone software is a prebuilt solution that replicates the features of CoinGate, a leading crypto payment gateway that allows businesses to accept payments in multiple cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
It simplifies the payment process, making it easier for companies to manage digital transactions and attract more customers. Startups can use this customizable script to create a crypto payment gateway with all the essential features of CoinGate.
3.CoinPayments Clone Script
The CoinPayments clone app is specially designed software that copies the features of the CoinPayments platform, one of the most trusted names in the crypto payment space. CoinPayments supports transactions in more than 200 countries and is used by over 70,000 merchants globally.
With this script, businesses can quickly launch a payment gateway with advanced features like APIs and plugins. It confirms security and productivity while providing options for customization as per your needs.
4.NOWPayments Clone Script
The NOWPayments clone software is a ready-to-use software solution that mirrors the features of NOWPayments, a popular crypto payment gateway. It supports a huge range of cryptocurrencies and offers features like fiat-to-crypto and crypto-to-fiat transactions.
Businesses can customize the platform to adjust fee structures and add additional options, like a personal account manager. This script is perfect for startups who are planning to launch a competitive crypto payment gateway in the market.
‘Adaptation is not just survival, it's growth.’ We all can confirm that by 2025, cryptocurrency payments will be normal, other than a complex way to do transactions. They are becoming a must-have feature for any businesses in the industry who want to widen their borders.
It’s natural to have concerns about adopting cryptocurrency, with price volatility being one of the biggest issues. However, many crypto payment gateways offer solutions like instant conversion to traditional currency, which protects businesses from fluctuating crypto values. Do research, add this feature, and be a part of this financial revolution.
