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According to Current currency payments report From PYMNTS, 51 % of encryption holders are likely to buy from merchants who accept encryption as a means of payment.
But what are the benefits that Crypto provides on traditional payment systems? It can reduce the costs of transactions, reduce settlement times, and enhance the cross -border payments. Let’s learn more.
source: Pexels
The case of using encryption
The cryptocurrency has become more than just an investment. It provides actual benefit and can simplify payment systems, protect people’s privacy, and promote current companies.
For example, Blockchain is often used to track product supplies in the health care industry, where arrow control is very important and fake goods may be disastrous. However, people are most common to take advantage of encryption to enhance payment systems.
Payment encryption
Traditional payment systems are ineffective. It requires intermediaries to obtain services such as payment processing and currency conversion, which leads to higher costs and longer leveling times.
However, encryption -based payment systems offer many improvements. It reduces costs and improves transactions processing times by lowering brokers and using counterpart networks (P2P) to support fixed global transactions.
The appearance of the Internet dramatically increased the size of international businessmen. but, Border payments Expensive and slow. According to UK financing, the average cost is about 4-6 % of the volume of treatment, while the settlement may take as long as the settlement takes from one to five days.
It enhances private encryption solutions, does not bear any international fees, and can process transactions within a few seconds. As such, they have become common for companies that require a rapid availability of money and people looking for costly access to markets all over the world. But how can you pay using Crypto?
How to pay using encryption-step by step
Anyone can start paying the price of the goods with encryption within a few minutes. To prepare the encryption payment solution:
- Record Calculating a payment solution such as OOBIT. Then, complete the verification process.
- finance Your account by depositing the cryptocurrency or connecting an encryption wallet via the connection wallet.
- Pushing By taking advantage of a device that supports NFC in any merchant accepts MasterCard or VISA payments without connection.
- Rewards People can earn him for payment via Crypto, which enhances participation and total payment experience.
The best 3 encryption bush solutions
The choice of a correct encryption solution solution is very important. It is necessary to determine an option that provides your required advantages, supports your favorite currency, and features strong safety measures while maintaining ease of use. Some supreme options include:
1.
Obet It is an innovative solution to encryption payments aimed at simplifying digital payments. It facilitates non -welded payments in the store by taking advantage of the current VISA and MasterCard systems, which enhances global acceptance. The user only must finance the application (available for iOS and Android), and then he can click to pay directly from his wallet.
Ooobit is very flexible, enabling users to purchase encryption via credit/deduction card or transfer assets to the application from an external portfolio, and improve access. Moreover, OOBIT 5x rewards allow people to gain points by completing the tasks and using the application for payments. Users can convert points to USDT, which can be spent on or withdrawn application.
Obit does not want to re -invent the wheel. It intends to simplify the encryption payments for daily use. Since MasterCard and Visa Control 90 % of POS systems (POS) (POS) systems, it is logical to build around their network. To do this, Oobit has made one of the most widely accepted encryption solutions and helped make Crypto to everyone, regardless of the country.
Oobit allows people to smoothly and earn bonuses anywhere that has installed MasterCard and Visa Post (which is most of the world). As such, it is more convenient than solutions that require retailers to create custom payment systems.
2. Bitpay – Store with merchants who support encryption
Petpa It is a all -in -one mobile payment solution for companies and individuals. The Bitpay Wallet app, available on Android and iOS devices, allows the management and use of encryption in this step. People are allowed to buy, sell, store, send, receive and spend encryption on one platform.
Bitpay features a barter tool, making it easy for users to exchange encryption. It also allows people to use Crypto to pay bills, but this feature is only available in selected areas. In addition, the Bitpay app supports the creation of multiple backup portfolios, which can make money management more clear.
Instead of contacting POS systems, Bitpay allows people to use Crypto to buy gift cards for merchants such as Xbox, IKEA and Adidas. Bitpay also provides payment solutions that enable companies to accept Crypto when going out. Traders who use Bitpay are upgraded on the Bitpay Wallet app, making it easy for users to find platforms that support digital asset payments.
Bitpay is a one -in -one solution for managing and spending encryption. It provides services to companies and individuals. However, the app does not support the purchases inside the store and only enhances retailers using Bitpay to accept payments, which limits acceptance.
3. Spin-Pus with encryption in the store in the participating retailers
Speedn By Flexa, it works differently from most other encryption solutions. Instead of sending a series transaction or downloading a payment card and using it at retailers, Spedn funded an application with Crypto, select the retail seller, then view a parquet symbol or technical code. .
The main advantages of Spridn are semi -fixed payments and automatic transmission of encryption at the sale point. The app deals with everything; The user only needs to be funded and a code wipe. However, only the choice of retailers accept Spedn, with a disability of access. The app supports eight encrypted currencies, including Bitcoin, Ethereum and Litecoin.
As we mentioned, Spridn is owned by Flexa. Although Spridn is a consumer -focused application, Flexa provides technology for companies to accept encryption payments from Flexa -powered applications such as Spridn. Unfortunately, this system requires a customer to have a Flexa app and does not support direct payments from a regular encryption portfolio.
Speedn is the pioneering app in the technical payment system. It is effective and facilitates fast payments for many pioneering retailers. However, where retailers must integrate the Flexa -to -payment solution, the acceptance can be inconsistent.
Final ideas
The cryptocurrency works to establish itself as a benefit tool, not just an investment. Time -for -time encryption solutions and costs compared to traditional payment methods and can be quickly prepared for commercial and personal use.
Although the best payment solution will vary based on your individual requirements, ooobit is an excellent choice. It is accepted by millions of retailers, making it ideal for people looking for a multi -use solution that makes encryption payments simple.
*This article was paid opposite. Cryptonomist did not write the article or the basic system test.
