Cryptocurrency Payments on the Rise as B2BinPay Addresses Growing Demand for Online Transactions

Jul 19, 2018 at 15:09 // News
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B2BinPay is an all-in-one global cryptocurrency payment solution allowing businesses to send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and at a reduced cost.

As crypto payments become more widespread, B2Broker continues to permeate the space with its cryptocurrency payment gateway solution.

Online cryptocurrency payments are becoming an increasingly acceptable method of payment as bitcoin and other cryptocurrencies continue to gain universal acceptance. While there are some developments that need to take place to accelerate this process, recent trends have shown that cryptocurrencies are set to become a widely-accepted method for payment transactions as we progress into the internet era and blockchain firmly establishes itself into our future. 

B2Broker CEO, Artur Azizov sums up the situation, “The main issue right now is the limited usage or acceptance of crypto worldwide. If all merchants, providers, brokers, etc. start accepting cryptocurrencies as a payment method fiat money will no longer be required. If you have BTC and you are able to make payments everywhere with it, what is the reason to purchase with fiat money?” 

Global Acceptance 

As the demand by companies and individuals wishing to conduct transactions in cryptocurrencies continues to rise, the ease in which cross-border digital  payments can be made will further facilitate and speed up the acceptance of cryptocurrencies. These developments will help seal the future of online cryptocurrency transactions as a major part of the global economy. 

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Consequently, online crypto payment services are fast gaining ground as they offer a borderless, transparent and secure way to conduct payments. B2BinPay is one of the leading providers in this sphere, facilitating blockchain payments worldwide. 

About B2BinPay 

B2BinPay is an all-in-one global cryptocurrency payment solution allowing businesses to send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and at a reduced cost. 

B2BinPay services a wide spectrum of clients including forex brokers, cryptocurrency exchanges,hedge funds, online stores and other merchants, enabling cryptocurrency payments via a blockchain based payment gateway. 

How it Works 

With B2BinPay, global transactions between parties are enabled at a fraction of the cost of traditional online payment gateways, with a high degree of automation and high transaction speeds of less than 20 seconds, compared to analogue payment gateways which can take days. Payments are also safer and less vulnerable to fraud and DDoS attacks than traditional payment systems. 

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B2BinPay can be easily integrated via a single API making it possible to get connected in less than an hour. It has so far been integrated with 12 main blockchains and all tokens issued on the Ethereum platform. Merchants can receive cryptocurrencies into their cryptocurrency wallets directly or accept 100 tokens and 10 different cryptocurrencies and then convert everything into bitcoin. Alternatively, it is possible to convert everything into fiat currency and also receive it in fiat directly into a bank account. Commission rates start from as low as 0.5%. 

B2BinPay accepts 11 different cryptocurrencies BTC, ETH, LTC, XMR, XRP, DASH, BCH, B2B, ETC, NEM, NEO and any ERC-20 tokens combined with low commission, daily payments, double secure protection and no chargebacks or refunds. Meanwhile, connection takes just 30 minutes and 24/7 service is also available. 

Artur Azizov concludes, “I believe that all crypto payment providers and existing payment providers have to implement BTC as a payment method. If all merchants, brokers, etc., start accepting cryptos, it will create huge liquidity on the market and more usage for BTC and other cryptocurrency tokens. That’s why our mission is to improve our B2BinPay service for merchants and implement our merchant crypto gateway across the world. My opinion is that fiat money will no longer be required.”

For more information about B2BinPay, click here:  http://www.b2binpay.com/ or contact us at: support@b2binpay.com

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