The days of speculation of cryptocurrencies are almost
over. Cryptocurrencies are now entering the mainstream due to their high levels
of practicality at many levels. This form of currency is being popularized by billionaire
influencers and the business world as they enable fast and direct transactions
while still being global by design. In the initial days, there were fewer
providers for a robust crypto payment gateway, but now times have changed and there more than one
can imagine. With more information sharing, the numbers and quality have
substantially improved. More stores and businesses these days accept this form
of currency than ever before. Let us look at the top 5 advantages when you
decide on this option.
Choose A Wallet That Suits You
Irrespective of whether you use a non-custodial wallet
or a custodial one, there are plenty of choices in the market. A non-custodial wallet
is one where you have sole control of your private keys, which control your
cryptocurrency and prove the funds belong to you. A custodial wallet is one
where another party controls your private keys. For this, you are trusting a
third party to secure your funds and return them if you want to trade them
somewhere else. Some of the top and most successful cryptocurrency payment gateways which enable merchants to accept
payments with crypto wallets are available in over 1000 stores (mostly
physical) in different countries. These numbers are set to only increase at a
very fast pace in the years to come.
Save Time
Time is a very valuable and limited resource for all
of us these days. Lost time easily equates to lost opportunities. In the hustle
and bustle of life, can you really afford to lose time over a payment
transaction? Cash transactions take the longest time to process and then
there’s the question of safety. When you consider credit or debit card payments,the
narrative doesn’t change much. These also tend to take up substantial time to
process. While being more secure, these forms of payment still build queues at
checkout counters. Today, amidst a pandemic, customers prefer to stay away from
physical checkout counters due to a likelihood of getting infected. Therefore,
when you consider all factors, digital transactions are the quickest. Payments
through a well-built crypto payment gateway
take only a few seconds, and this will lead to faster checkouts and shorter
queues.
Enjoy the Smooth Process
Cryptocurrency transactions are very simple for the
customer as well as for the merchant, where it is available. At the checkout
counter, the process of payment is seamless, where you just need to scan the
code with your crypto wallet and confirm the transaction. You will not have to
worry about withdrawing cash and handling multiple cards. Further, a
well-designed crypto payment gateway will be focussed on making the process as simple, quick and easy as
possible.
Use a Variety of Cryptocurrencies
Are you the kind of person who likes to store
different types of cryptocurrencies? If that is the case, you may be sceptical about
using this as a form of payment as you are unsure of its acceptance at a
particular store. However, it is good to know that a crypto wallet can support
quite a few currencies. This makes the wallet quite handy, and it gives you the
option to choose any of those currencies at each transaction. At the time of
checkout, you have the freedom to choose any one of them to use. For this, the
merchant has to have a robust cryptocurrency
payment gateway to facilitate a quick transaction.
Travel Light
There were days when you had to rush to make a
purchase only to realize later that you had forgotten your wallet at home.
However, a mobile phone is something you carry with you all the time. Paying
with your mobile phone is the most logical way to go now. By carrying your
phone with you, you carry your digital wallet as well. Yes, it’s that simple. This
enables you to considerably reduce the number of items you carry on your
person, doing shopping and browsing far more convenient. This enables you to
focus on your tasks and be more organized by having your shopping list,
to-dolist and crypto wallet all in one single device. Further, since the wallet
is not physical there is a sense of safety as you won’t be susceptible to theft
or robbery. Thus, whether you’re traveling by public transport or even
internationally, you won’t have to constantly think of ways to keep your money
safe.
As there is always resistance to adopting new
technologies, this too shall pass, and many stores will embrace cryptocurrency
in future once they see how it will benefit their business. Many more merchants
will have to invest in the best crypto
payment gateway to ensure that they are equipped for the future.