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Author: Admin | 2025-04-28
Cryptocurrency payment processing in 2020: new trends, pitfalls and the best solutionsThe year 2020 impacted on a number of crypto sceptics. Digital currencies are being implemented month-by-month globally, penetrating every sphere. Those in authority cannot turn a blind eye to the massive adoption of these new assets. Furthermore, cryptocurrencies are becoming more competitive to fiat currency, as the number of merchants accepting BTC etc is steadily growing.Stablecoins as game changers of crypto paymentsFor a long time, merchants have stayed away from digital currencies because of their volatility, but stablecoins have changed this situation. Merchants and enterprises therefore gain access to a perfect crypto alternative to fiat money, empowered by all the pros of blockchain technology.Crypto payments are the new trend, therefore, merchants need to keep up with the times. First of all, a merchant or enterprise needs to select an appropriate gateway that provides the most convenient crypto payment processing in 2020.What is a crypto gateway? How do merchants accept crypto payments?Crypto gateways help merchants join the crypto world, performing all intermediary processes, hence it is important that payments entirely meet the legislative requirements. The whole process of crypto payment acceptance involves the following steps: First, a merchant needs to generate a payment sample. A cryptocurrency payment processing system generates unique addresses for digital currencies merchants are about to deal with. Websites are then equipped with the additional payment options offered for customers. A customer chooses the new option offered to purchase goods or services in crypto and selects the preferred digital asset (BTC, ETH, LTC, etc.). Depending on a gateway, customers may get either a crypto address or a payment form. Prices are displayed in fiat currency, but after you have selected your crypto payment options, they are automatically converted into the chosen assets. Customers send their crypto and
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