Trezor, the famous crypto hardware wallet now accepts payments using Bitcoin, Monero, and other cryptocurrencies. This has been made possible by its integration with GloBee payment gateway, which facilitates crypto payments for merchants.
— Trezor (@Trezor) May 6, 2019
As crypto markets grow at a rapid pace, demand for hardware wallets and crypto payments is also likely to increase substantially. In fact, the crypto payments space is expanding exponentially. Global payments giants VISA is also about to take the crypto path, as it announced earlier this year that it would be adopting blockchain to facilitate crypto payments.
Even the global money transfer industry is moving forward at a blistering pace, with large corporations like IBM, TCS, Facebook, JPMorgan, etc. stepping in the sector. And as all of these grow, demand for crypto wallets will consequently increase.
Hardware crypto wallets are generally considered to be more secure than software crypto wallets. The reason is that the hardware wallets allow users to store cryptocurrencies offline, which automatically eliminates the risk of hacks.
Also, the necessity of using the physical button on hardware wallets make them steal-proof even if hackers get the remote access to the device. The hacks on online wallets and exchanges over the past few years has only made the case stronger for hardware wallets.
In such scenarios, the more options for payments users get, the better it is for them. Especially, in countries like India, China, Indonesia, etc., where regulations are stricter, hardware wallets and varied options to pay together become a great combination.
Online crypto payments are now being accepted by various sectors like e-commerce, logistics, software, etc., which promise a bright future for the crypto space. Payments via electronic money is less expensive, quick and more secure than traditional fiat payments, because of the transparency and decentralization features of the underlying blockchain tech.
GloBee is known for its lightning fast Bitcoin transactions, which is still a rarity in the online crypto payments space. Apart from digital currencies, GloBee also facilitates settlements in crypto to fiat currencies, which is the more preferred method for merchants across the globe.