Why Is Coinspaid Leading the Way as a Crypto Payment Processor?
The crypto payments market is growing at a surprisingly fast pace. A few years ago, there was no real alternative to the outdated and expensive fiat-based payment systems, but now projects are increasingly turning to cryptocurrency processing. How can this payment method change your business and help it to grow? Coinspaid experts know the answer.
Approaching the Future of Crypto Payment Processing
At the 2021 AIBC Summit in Dubai, Coinspaid was awarded as Payment Provider of the Year. The company is one of the world’s largest processors of crypto payments for many industries.
Over the past couple of years, Coinspaid achieved outstanding success, with 4.7 billion in EUR worth of cryptocurrency processed in 2021 and 800+ satisfied B2B customers (merchants). The gateway now handles 7% of all on-chain Bitcoin transactions.
The Coinspaid ecosystem supports over 50+ crypto and fiat currencies. The company is known for its B2B solutions, such as the Crypto processing gateway, business wallet, OTC desk, SaaS crypto payment system, and more.
With CoinsPaid, merchants don’t have to worry about the high volatility of cryptocurrencies and how the exchange rate could affect their revenues. The gateway includes an instant exchange feature and a possibility to settle in fiat. The merchant can store the accumulated funds in fiat and withdraw them directly to a bank account.
Fees may vary for the particular client while crypto processing. For now, the standard fees for payment made in crypto without conversion into fiat is 0.8% and for payment made in cryptocurrency without conversion into fiat is 1.5%. However, for withdrawing to the client’s bank account the minimum transaction fee is EUR 0.5. Although, there is a possibility of getting commission discounts of upto 50% for using CoinsPaid’s CPD utility token.
The Blockchain Payment Gateway for Everyone
What makes the payment solutions developed by Coinspaid so popular?
One of the reasons is the B2B wallet that has the following advantages :-
– Support for multiple accounts;
– 99.9% uptime;
– Possibility to set user roles and different access rights for different employees;
– Reporting system;
– Ability to create address lists and set individual limits on the number of outgoing transfers to various addresses;
– Cold storage for merchants’ accumulated revenue.
Coinspaid does everything to secure and protect the client as much as possible, both from the technical and legal point of view :-
– 2 Integrated blockchain risk-scoring systems: scorechain and crystal. Coinspaid will always warn the merchant if there is a risk that the received bitcoins could be dirty;
– Following eu regulatory norms;
– KYC (know your customer) and KYB (know your business) procedures;
– An in-house compliance department and mlro officer.
For the entire time, 13.5 million transactions were carried out, and during the November 2021 period, the number of transactions increased by 111%, and the total volume increased by 318% compared to January 2021. In January-November 2021, the volume in EUR raised to 4.8 billion. These numbers say more about the quality and reliability of Coinspaid’s solutions than any words.
When working with CoinsPaid, a merchant can be confident that their funds and business are secure and that legal and compliance risks are minimized. The company keeps track of all regulatory changes concerning cryptocurrency payments and makes changes to its products as required.
Coinspaid constantly seeks to add value to its solutions. One of the latest steps in this direction has become the partnership with SWIFT providers. It opened new business opportunities to merchants in many countries and allowed them to receive payments not only in the SEPA zone.
Crypto Payment Sourсe Perspective
The number of retail businesses that accept Bitcoin has increased dramatically between 2019 and 2021. It’s not surprising, considering that BTC and cryptocurrencies as a whole offer significant advantages over other payment methods. Coinspaid has also seen the number of end-users and companies benefiting from its products grow year by year as one of the leading crypto payment processors.
The next few years will be very important for the development of blockchain payments as companies and institutions come to understand their true potential. If you care about your business’s future, integrate Coinspaid today.