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Cryptocurrency Knowledge

Why it is essential for merchants to accept cryptocurrency in eCommerce store

Every business should know the importance of Cryptocurrency in eCommerce.

So if you are the one who is totally unaware of the effectiveness of cryptocurrencies for your website or you have just started your business and want it to be recognized worldwide.

Then, you just landed on the right spot!

Embracing cryptocurrency in eCommerce as a payment method can enhance your customers’ journey and extend your consumer base by providing more options at the checkout.

Here we are going to give you complete information on how the integration of cryptocurrencies is going to give your business a huge SUCCESS.

Stay tuned with us because we have a lot more to cover.

Quick info about cryptocurrency & crypto coin

Cryptocurrency is a digital payment method for verifying transactions that do not rely on banks.

It is peer-to-peer digital money that can enable anyone to send and receive payments around the globe. Yet it has no physical presence, it’s all online. 

Like any other currencies, cryptocurrencies are also used to purchase goods and services.

However, the difference here is that cryptocurrencies use cryptography to offer encrypted online transactions.

The transactions are registered in a public ledger when your consumers send you cryptocurrency funds. You store your cryptocurrency in a digital wallet.

Cryptocurrencies run utilizing a blockchain called technology. Blockchain is a decentralized technology that manages and records transactions distributed over many computers.

You definitely heard the name “Bitcoin”, well it is a crypto coin. There are so many this type of crypto coins out there. Some of the popular ones are Litecoin, Ethereum, Ripple, Tether USDT, etc.

Now you have got an idea about what is cryptocurrency and how it works.

What are the popular currencies to list on the website?

Cryptocurrencies that came after the launch of Bitcoin called Altcoins (alternatives to Bitcoin).

Let’s get to the details about the popular currencies that most of the people use to sell and buy products.

1. Bitcoin:

One of the most popular and widely used cryptocurrency. 

With Bitcoin, users are able to easily transfer the amount from one digital wallet to another digital wallet.

Many well-known brands currently using Bitcoin that includes Microsoft, AT&T, Boatsters Black, and more.

So you can imagine how popular and useful it is.

2. Ethereum:

Another extremely popular currency after Bitcoin is Ethereum also known as Ether. It’s managed by an open user network, just like Bitcoin.

There is no need for documentation to be processed because the smart contracts of ethereum are faster and simpler.

Hundreds of other users are able to validate transactions. In addition to getting verified, your transactions are also encrypted and stored on a public ledger.

3. Litecoin:

Litecoin is also yet another renowned cryptocurrency. It is faster than bitcoin in terms of process transactions which takes about 2.5 minutes compared to Bitcoin’s 10 minutes.

Moreover, Litecoin’s algorithms are less complex than Bitcoin. Litecoin has easier-to-crack algorithms. This can facilitate the settlement of mining transactions.

4. Ripple XRP:

Ripple uses the currency called XRP.

XRP was developed for users to digitally transfer money and not be exposed to bitcoin’s high transaction costs and conversion times.

Money is transferred to the XRP token to be sent through the Ripple network and then converted back to money when it is withdrawn. 

5. Bitcoin Cash:

The reason to develop Bitcoin Cash was to boost the scalability of Bitcoin. This has prompted Bitcoin Cash to grow in popularity.

Bitcoin Cash has increased each block size from 1 megabyte (MB) to 8 MBs to help boost transaction speed.

Moreover, a list of transactions that need to be checked is defined by each block.

List of Benefits for your business after integrating Cryptocurrency In E-Commerce

Here are the listed advantages of integrating cryptocurrencies as a payment mode on your website.

1. Top-level security:

The reason why people use bitcoin and other cryptocurrencies is its security. 

When making a transaction with cryptocurrency, you can not initiate a reversal when you approve the transaction or send the compensation.

The use of blockchain technology protects the privacy of users and offers protection from account tampering.

2. Reduced Fraud:


Overall, companies that accept Bitcoins are fairly free from fraud. From production through payment, Bitcoin is all-digital, so it is also remarkably linked to cash.

They will need to be more careful and cautious if businesses accept altcoins to turn them into dollars or another fiat currency. 

However, their system is likely to carry minimal fraud risk if they have suppliers to whom they can pay in coins.

3. Lower Fees:

Compared to other digital funding sources, one of the best things about cryptocurrencies is that it has lower overall fees due to no intermediaries such as banks.

But, there can be fees to convert the currency into a fiat currency, and so can a digital wallet that holds your coins.

Although fees are low, many will use a third-party service to create and retain their bitcoin wallets, such as Coinremitter.

4. Fast Transactions:

Cryptocurrencies can process immediately, giving you instant access to funds, unlike the credit card systems that take a couple of days to batch out and process.

The removal of intermediaries implies that, upon your approval, the transaction is completed.

And you will receive the payment instantly.

5. Attract more customers:

It will attract consumers from around the world. There are many who prefer to make purchases through crypto.

So, if you are the one who allows them to make purchases through the crypto then it can DRAW the attention of many consumers.

6. Separate from the competition:

Yes, it will separate your business from the competition, because if your business does something out of the box, then it will have an impact on competition.

How to accept payments through cryptocurrency in eCommerce

Now you might be thinking how do I start accepting?

So, there are generally two methods in which you can start accepting your day to day payments via your preferred cryptocurrencies.

In the first method, it requires your personal wallet. Now, what do I mean by your personal wallet is that you’ll have to set up a virtual wallet.

You can download it to your phone or computer, or you can also get a physical safe on a special hard drive that stores the cryptocurrency on the drive.

It really is the only protected hardware system that allows you to store the private key of a user.

Furthermore, the second method is preferable by many merchants. It will require the use of a third-party payment processor.

You can go with the payment gateway provider “Coinremitter” which will handle all your payment processes.

However, there will be an advantage for you if you use the second method which is that you can instantly convert your cryptocurrency payments into fiat. It will protect you from any price fluctuations.

Why Coinremitter is advisable is that it is currently giving the best to merchants as it’s also called merchant friendly gateway. 

Start accepting your payments in Cryptocurrency with Coinremitter

To begin the process, you need to know a bit about the Coinremitter: crypto payment gateway.

Coinremitter offers the integration facility into the supported plugins like Magento, Laravel, Opencart, WordPress, and more.

Not only that, but it also supports the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more.

You can select the currency according to your desire. Moreover, you can even list more than one cryptocurrency on your eCommerce platform.

Look at some of its best features.

Coinremitter gives 100% when it comes to its functionalities. It offers great advantages and features over the other gateways.

It provides multi-wallet support, digital wallet, no KYC requires, currency swap, and invoice creation.

And the most notable one among the merchants is its lowest transaction fee which is only 0.23%.

Coinremitter is the only one that offers a low transaction fee to its merchants. 

It is very pocket friendly to every trader and small/large organization.

Let’s head straight to the integration process of cryptocurrency in eCommerce that you can complete in a matter of minutes.

  • Initially, you need to build a wallet for whichever cryptocurrency you want. You can set up your wallet on Coinremitter’s website.

    All you need to require is to fill the details like wallet name, password, etc, and you are good to go.
  • Soon after that, set your API key and Password. To get an API key, click on the crypto wallet that you’ve just created.

    The new page will be open and it will take you to the credential tab where you’ll get the API. Read the API Guide here.



  • Finally, install the Coinremitter plugin on your website. Check this integration guide for Coinremitter.

All things considered

As a viable potential option for online payments seems to be a bet that will depend on the development of the current commercial scene.

It is essential for eCommerce traders to be up to date with the latest trends.

In order to change the strategy quickly and achieve a strategic edge over the competition, this is the most important thing.

However, you can set your business presence apart from the competition by accepting cryptocurrency in eCommerce.

Not only does it work as a payment gateway but it will also bring various opportunities and take your business to new heights.

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Cryptocurrency Knowledge

Crypto Payment Gateway Integration For Your Website

Here we have come up with how crypto payment gateway integration is essential for your website these days.

As the world goes digitally day after day, the vast improvement in the shopping experience has been implemented.

It doesn’t matter whether your business is an online store, traveling business, an organization, or any kind of business. 

You must need a crypto payment gateway that is fast, secure, affordable, and offers a seamless checkout experience. Because many people nowadays tend to shop online rather than going to the store. 

This means that every merchant who wants to increase sales and wants their business recognized worldwide should consider crypto payment gateway integration.

Since these payment gateways handle very important transactions on your site, you want to ensure that everything happens seamlessly & perfectly.

In this article, we are going to address the important points related to the crypto gateway that you need to know.

So without any further due, let’s get straight to the quick understanding of the crypto payment gateway and the way it works.

What is a crypto payment gateway?

People have been using cryptocurrencies extensively for many years, and many companies around the world have already adopted crypto payment processing services on their websites.

To simply understand, the payment gateway which accepts cryptocurrency as payment is known as crypto payment gateway. 

One can make a payment through various types of cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, etc.

Using a crypto gateway can eliminate the intermediaries involved in the process, which ultimately fastens the payment process.

The crypto payment gateway’s unique feature is transparency. This gateway makes payments easy, ensures the privacy and security of transactions.

If you frequently make transactions then this is the gateway that allows you to send and receive money instantly across the globe.

Furthermore, as we have already mentioned above that there is no involvement of a third-party. The amount will go straight to your wallet without any chance of being hacked or theft.

Let’s look at some of the questions that need to be addressed prior to the integration of the crypto gateway.

How does the cryptocurrency payment gateway work?

There are mainly two major differences. 

First, a client pays through a digital wallet, not with the credit/debit card. 

Second, the transaction needs to done via cryptocurrency, not with the fiat currencies like USD, AUD, RUPEES, etc.

Let’s understand it step by step.

  1. In the first step, your customer will go to your website and places an order through submit or its equivalent button on the checkout page.
  2. After that, the website or the e-commerce platform takes the customer to a crypto payment gateway where the customer will enter all the relevant information about the coin. (Like wallet address and key)
  3. However, then the customer will have to enter the wallet address and private key in order to send the amount. (The private key is similar to the bank account password.)

    (NOTE: Keep your private key as confidential as you can. If someone steals it, or if you lose it, your amount is at high risk of being stolen. Keep it safe.)
  4. Once the payment has been made and validated, then the transaction will be posted on the (coin’s) blockchain public ledger showing payment from your customers’ public address to your public address.

ISN’T IT SIMPLE?

This whole process is highly secured and payments are made without the need for intermediaries.

Now let’s talk about some of the advantages if you’re integrating the crypto payment gateway to your web.

Know the advantages your business can gain from using the crypto payment gateway

It has been observed that merchants from a variety of industries are turning to accept payments into cryptocurrency to enjoy a number of advantages that are not provided by conventional payment methods.

Here we’ve highlighted some of the most significant benefits that businesses can gain by adding crypto as a payment option. 

1. Unmatched security:

Customers are not required to share any personal data when making cryptocurrency payments. The payments are completely anonymous, so hackers don’t have any identifying data to steal.

In addition, many companies greatly value their privacy, so they use cryptocurrency over other payment options simply because the buyer is not identified by any means.

2. Extremely low fees:

If we talk about the payments through credit/debit cards or banks, then there are tons of fees associated with them. In short, they all charge some type of fees which usually ranges between 3& to 6%.

However, cryptocurrency payment gateways like Coinremitter charges the lowest fee (only 0.23%) compared to other gateways. This can save you a significant amount of money.

3. Take your business globally:

Now even the smallest companies can now internationally sell their products and services or buy their supplies and equipment.

Business owners can avoid the hassles and costs that come with foreign currency transaction fees and exchange rates, with the help of cryptocurrency.

4. Attract consumers across the globe:

There are numerous crypto fans out there who are specifically looking for digital currency-accepting companies.

You can also gain a serious advantage over your competitors that don’t accept crypto by adding this new payment option.

5. No chargebacks:

There is no turning back in the case of cryptocurrencies. Once a transaction has occurred, the funds will go straight from one wallet to another, and the transaction will be recorded and can not be reversed.

Chargebacks are intended to STOP frauds.

Easy payment gateway integration with Coinremitter

If you have made up your mind to integrate a crypto gateway on your website then you must need to know about the Coinremitter.

Coinremitter is a crypto payment gateway in which you can start accepting your payments via cryptocurrencies.

It is a merchant friendly payment gateway with a large user base. Coinremitter has overall processed 6k+ Bitcoin with 2.3M+ total transactions.

Talking about its features, Coinremitter comes with loads of essential features which include a Digital wallet, multi-wallet support, no KYC & ID requirement, currency swap and invoice creation.

The most notable feature, and one of the reasons for many traders to accept Coinremitter, is its lowest transaction fees. 

Coinremitter charges 0.23% transaction fee which is the lowest among other crypto gateways.

The REASON behind its lowest fee is that it is created specifically for traders and small/large businesses to make them grow worldwide.

Moreover, the integration process of Coinremitter will not be a daunting task for you.

Follow our steps to Easy payment gateway integration in just three steps.
  1. It’s all starting with a wallet. As coinremitter provides a digital wallet service, you can start by making a wallet of whichever coin you want to list on your website.

Just fill out the details (wallet name, password, etc.) and you are good to go.

  1. After that, you’ll be required an API key & password in order to start accepting crypto payments on your website.

    To get that, click on the wallet that you have just created, and you’ll be redirected to the credential tab where you’ll get the API.

Consider this API Guide to understand deeply.

  1. Finally, just install the Coinremitter on your website.

    Coinremitter supports a number of popular open-source plugins so you can install it according to your platform.

    Check this guide for the installation process for Coinremitter.

That was all about the Coinremitter payment gateway integration.

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Bitcoin Knowledge Tutorials

How Integrating Bitcoin Gold Payment Gateway Profits Your Online Store

Setting up a Bitcoin Gold payment gateway onto your site can give your customers another opportunity to pay for their goods.

However, it does not only offer a different mode of payment but, it also attracts clients from across the globe.

But how can this happen? (you might have this question in your mind)

Because, before the integration of the Bitcoin Gold payment gateway your customer had no option except to pay with credit/debit and PayPal.

So they tended to return from your website without making any purchase.

BUT, this is not the case with Bitcoin Gold or any other cryptocurrency. You’ll be have every payment option listed on your website. 

What it does is that this can let your customers make a purchase from their preferred payment option. Ultimately, you’ll gain new consumers and it will help in growing your business internationally.

Now, let’s get to know about what is Bitcoin Gold.

Bitcoin Gold

Bitcoin Gold (BTG) is a new form of cryptocurrency that emerged as a result of a hard fork in Bitcoin and strives to be more decentralized than Bitcoin.

It is used as a peer-to-peer currency capable of managing day-to-day transactions and competing with conventional credit card transactions like Visa.

BTG utilizes the same PoW consensus algorithm as BTC, so the only distinction among them is the use of the Equilash hash algorithm rather than SHA 256 to avoid Bitcoin Gold mining unless it is done with ASIC equipment.

Bitcoin Gold can be used just as Bitcoin Cash can be. It is a legal cryptocurrency, which can be used to transfer money or use it for investment purposes to others.

SO, before we move on to the integration part let’s look at some of its advantages. You’ll get to know how it’s beneficial to your business as well as your current & future customers.

Advantages of Bitcoin Gold to merchants

Bitcoin Gold is pretty much like Bitcoin except for a few distinctive characteristics.

These are the leading advantages: Fungibility -1 BTG is at any time equal to 1 BTG. The BTG is similar, replaceable, and interchangeable as a fungible digital currency.

Here, we have listed the advantages of your business as well as for your customers.

Profits your business:
  1. Usually, you can collect payments from BTG a few seconds after your customer sends them. That’s because the conventional payment processors don’t slow down transactions.
  1. Acceptance of Bitcoin Gold offers the company the potential to grow into an emerging client base for the future of payments and tap: people directly looking to invest their Bitcoin Gold.
  1. Since Bitcoin Gold transactions are irreversible, it becomes difficult to recover charges. Instead, consumers may be refunded at their own convenience.
  1. One of the key benefits of using Bitcoin Gold is that it offers security and relative anonymity. No personal details are needed to access the Bitcoin Gold wallet.
Profits your customers:
  1. Bitcoin Gold like Monero utilizes complete anonymity for transactions, protecting senders and receivers’ wallet addresses on the network.
  2. Thanks to its improved design, it allows for quicker transactions. While Bitcoin is thought to generate around 5 transactions per second, it is estimated that Bitcoin Gold is up to 27 TPS.
  1. It’s easier to pay with Bitcoin Gold, although there is no need to carry credit/debit cards. Users only have to enter their name and shopping information and they’re good to go.
  1. Bitcoin Gold is decentralized and there are no intermediaries operating the network, the transaction fee is also quite low.

Begin accepting Bitcoin Gold payments via Coinremitter

Why to delay?

TO stand out from the crowd, you have to take the step NOW!

Coinremitter will help you with that.

BUT first, understand why you should install coinremitter in order to accept BTG payments.

Coinremitter is a Bitcoin Gold payment gateway, also it offers many other currencies to integrate other than bitcoin gold. 

It is a merchant friendly payment gateway that offers tremendous features to its users such as currency swap, invoice creation, multi-currency wallet, No KYC requirement, 24/7 support, and more.

Moreover, it offers the lowest transaction fees (only 0.23%) which makes it very AFFORDABLE to everyone.

So that was all about its features and specifications now let’s head on to the integration process.

  1. First and foremost, you need to build a Bitcoin Gold wallet so you can start accepting your consumers’ BTG payments.


  2. After setting up a wallet, you’ll need to have an API key. You’ll get it by clicking on the BTG wallet. Read Get API key process.
  1. Then, you are good to install Coinremitter on your platform. Moreover, Coinremitter supports the most renowned open-source plugins such as Laravcel, Magento, OpenCat, WordPress, etc.

    Install according to your platform, as every platform has a different integration guide.

To sum up:

As you have seen the advantages for your customer and also for your business. By doing this, you are helping your clients and eventually, it’s going to help your business to grow.

Moreover, you can even list out “Bitcoin Gold Accepted Here” next to your Paypal, debit/credit, and other payment options.

This will draw the attention of your customers.

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Bitcoin Knowledge Tutorials

Setup Bitcoin Cash Payment Gateway On Your Website

Integrating the Bitcoin cash payment gateway lets your customers pay who have been specifically looking to make purchases with cryptocurrency.

Setting up a crypto payment gateway for your customers is the best you can do TODAY!

If you want to stand out from the competition and expand your business to the international level then these subtle improvements on your website can give your business a new shape.

ALL YOU NEED to do give another payment option to your customers. Bet me, this will impact a lot on your business than you think.

As a merchant, your key priority is to be able to accept and process Bitcoin cash payments as easily and seamlessly as possible.

Thus, you can please your customers and accept bitcoin cash payments without any headaches.

Bitcoin cash offers quick and low-cost transactions. As the world digitally changes, electronic currencies like Bitcoin cash are becoming the go-to way of paying online and in retail stores.

Before we set up bitcoin cash payment gateway, let’s understand what is Bitcoin cash and how it’s helpful to your business.

What is Bitcoin cash

Bitcoin cash is a peer-to-peer cryptocurrency and people have been using it for a couple of years in their day-to-day transactions.

Nowadays, it’s not only the world’s first but also stable and most popular cryptocurrency.

Before the Bitcoin cash had a maximum block size of 1 MB, then it later increased to 8 MB, and now the current block size is 32MB. 

This means the increased block-size will allow more transactions to be processed.

With the Bitcoin cash, you can send and receive bitcoin cash payments directly from person to person. Moreover, Bitcoin cash is also used for investment purposes.

Why merchants should start accepting Bitcoin cash payments

There are a number of traders and users who have already set up the Bitcoin cash payment system on their website.

However, there are many organizations that don’t know the benefits of accepting Bitcoin cash payments.

So, let’s get straight to it.

1. Bitcoin cash is irreversible:

Transactions of Bitcoin cash payments are irreversible. What does that mean is that once the funds have been sent to the receiver’s wallet, the refund will not be available unless the receiver agrees.

Unlike the debit/credit cards where the payments can be refunded. However, this isn’t the case with bitcoin cash. Irreversible payments can also prevent fraud and give companies EXTRA protection.

2. Better user experience:

Using Bitcoin cash also offers consumers a better shopping experience since they don’t need to worry about theft of their credit cards.

It is a lot easier to pay online with Bitcoin cash. You don’t have to carry your cards and fill out all the informations. You can pay directly through BTC by entering your name and shopping information.

3. Expand business:

Accepting Bitcoin cash payments can expand your customer base. Moreover, many consumers these days are using BCH to buy products and services. Even, anyone with a smartphone can use BCH.

Coinremitter helps merchants by allowing them to integrate the BCH payment gateway on their website. So the customers from all over the world can make purchases.

4. Faster transactions:

After your client sends them you can receive BCH payments in a few seconds. This is because the traditional payment processors don’t slow down transactions.

However, payments don’t go through banks, there’s no delay or failed transactions. BCH is paid straight from the digital wallet of the customer with the transaction completed in a few seconds.

Accept Bitcoin cash payments through Coinremitter

To accept bitcoin cash payments on your website, you need to have a Bitcoin cash payment gateway installed.

Coinremitter: the bitcoin cash payment gateway helps merchants to accept BTC and any other cryptocurrency payments quickly & smoothly without any hurdles.

This merchant friendly gateway offers such quality features like multi-currency wallet, create an invoice, current swap, and more. 

However, coinremitter is known for its low transaction fees which is just 0.23% (lowest in the market)

With such features, it’s become popular among merchants from the past couple of years.

If talk about its integration process then it can be done in only 3 STEPS.

  1. Merchants should have a Bitcoin cash wallet. In order to set the Bitcoin cash option on the checkout page. The process of setting up a bitcoin cash can be done ion a matter of minutes.
  1. In the next step, you’ll require an API key and password which you can access by clicking on the Bitcoin cash wallet. You can read the API process here.
  2. That’s all, you’ve come to an end. Now you just need to install Coinremitter on your website. Install according to your platform and you are good to go.

Last words:

That was all about bitcoin cash. Integrating bitcoin cash can set your business presence apart from the competition.

SO, integrating BTC gateway is the wise decision you can take at the moment to extend your business and attract international clients.

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Cryptocurrency Knowledge Tutorials

Integrate Dash Payment Gateway With Coinremitter

Have you ever thought about integrating the Dash payment gateway on your website and how your business is going to stand in upcoming times?

The “Dash Coin” becomes one of the world’s biggest cryptocurrency around the globe for the last few years.

Why does the Dash become much popular? The reason is that it offers a higher transaction speed and better privacy than Bitcoin due to its Masternodes feature.

Integrating the Dash payment gateway will give your consumers what they’ve been looking for and couldn’t get on your website.

So, if you give an option to make payments through Dash then the chances are that your business will attract customers from across the globe. Which eventually helps in growing your business globally.

SO, let’s first get to know what the dash is.

A quick idea about Dashcoin

Dash is a cryptocurrency similar to Bitcoin, which is a digital currency used for sending or receiving payments.

It developed on top of the blockchain technology that Bitcoin uses, but it has undergone some substantial changes.

However, Dash has many features that give it an edge over other cryptocurrencies such as Bitcoin and Litecoin.

Dash can be used to make transactions more privately and speedily way due to its three features: Masternodes, PrivateSend, and InstantSend.

Dash uses these Masternodes as a supplementary layer for its network. Reducing the need for trusted third parties to approve transactions that could potentially threaten the anonymity of any payments.

NOW, you’ve probably got what is the Dashcoin, which brings us to the next point which about its advantages for online businesses.

How accepting dash payments benefits your business

Dash is a quick and inexpensive way to accept your payments, whether it is an online store or any other business.

It offers significant advantages, in terms of transaction times, fees as well as security over credit cards, and other similar services.

Here are the benefits of Dash that both merchants and their consumers can get.

1. Lightning-fast transactions:

When it comes to transaction speed, Dash is much more obvious because it has a service called “instantsend”. This ensures that Dash is transferred from one wallet to another within 1 to 3 seconds.

Whereas, bitcoin takes an hour to complete. 

Moreover, in the case of unofficial wallets, the transaction speed is always the same.

2. Top-notch security:

In some cryptocurrencies, the individual can be connected to the transaction they made through an IP address and their wallet details. 

However, this isn’t the case with Dash. It has a feature called “PrivateSend” that allows users to transact entirely anonymously, unlike the pseudonymous Bitcoin.

3. No payments conflicts:

The blockchain system verifies that funds are available prior to the completion of the transaction. This making it almost impossible for consumers to make a payment without enough dash in their account.

Moreover, unlike most of the systems that accept credit cards, there are no holdbacks. When anyone pays with Dash you automatically receive all the funds.

4. Lower Fees:

As every financial transaction, there are fees paid for network support, which also happens with cryptocurrencies.

There are varying transaction fees within each of them, which are typically lower than conventional banking rates, in the case of Dash, they are lower than those of other cryptocurrencies.

Start integrating dash payment gateway your website

In order to integrate the dash payment gateway in your eCommerce store, you need a Dash payment API required.

The API will connect to the checkout system of the company to a payment receiving gateway.

This new payment infrastructures are technologically sophisticated and provide many features such as the ability to allow purchases in your smartphone, as well as access to real-time buying data. 

This can be used to help you plan ahead and make major business decisions.

The success and development of Dash as a mode of payment has made it a wise business decision to add a merchant account.

The process of integrating the dash payment gateway is easy and fast.

Install coinremitter: the dash payment gateway

Coinremitter is merchant friendly dash payment gateway that merchants can easily integrate on their site to offer another payment option to their consumers.

The range of features that Merchants can offer their consumers is secure checkouts, faster transaction experience, no hidden charges, and more.

Apart from that, as coinremitter is made to consider the need of merchants to offers some insane features which set it apart from the rest.

Speaking about features, like multi-wallet support, no KYC requires, currency swap, create an invoice, and most notable is the low transaction fees 0.23%.

The installation of Coinremitter can be done in a matter of minutes. Starting with setting up a DASH wallet.

Afterward, you need an API key in order to accept Dash payments. You can get it by simply clicking on the dash wallet that you have just created.

And in the last, install Coinremitter. As coinremitter supports the majority of open-source platforms so that you won’t encounter any difficulties regarding that.

Install according to your platform.

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Tutorials

How To Accept Litecoin Payments With Coinremitter

YES, your business needs it. Staying up to date in the financial world should be your top priority.

Your business is not the first, there are way many organizations around the world that are already accepting Litecoin payments on their website and covering good SALES.

Litecoin is one of the most popular modes of payment that widely used by every merchant after Bitcoin. 

The time has changed, people have more options when it comes to making a transaction over the internet. Over the last decade, we have radically changed the way we get value over the internet from conventional payments to digital currencies.

Litecoin and the other cryptocurrencies have been extensively used in online stores and eCommerce websites to accept crypto payments from customers.

A quick idea about Litecoin:

Litecoin is a cheaper alternative to bitcoin. It’s a decentralized peer-to-peer digital currency that enables instant and low-cost payments to anyone worldwide.

It is also known as LTC and is the third-largest cryptocurrency evaluated by industry capitalization after Bitcoin and XRP.

It works as the same to its counterparts like transferring currency to one another. The only difference is that litecoin conducts transactions in units of Litecoin, not in USD or any other currency.

The history of the Litecoin’s price has revealed that it has been one of the best performing digital currencies with a steady VALUE since its beginnings.

SO, you can imagine the popularity of Litecoin, which brings us to the next point.

What benefits merchants can get from using the Litecoin payment gateway:

By accepting Litecoin payments on your site, you can serve the needs of your current and future customers. Ultimately, it will differentiate your business presence from your competitors.

Let’s understand that if you integrate the Litecoin payment gateway on your website, then what benefits your business would get.

1. Larger customer base:

If your business accepts Litecoin payments then you can attract a whole lot of consumers that are a tech enthusiast. 

By adding another payment option, your business will give them a secure and faster transaction experience.

No matter how small your business is, you can take your business internationally, regardless of the costly cross-border transaction fees.

With Litecoin, nothing can stop you from going global. As cross-border payments are easier, faster, and cheaper with Litecoin.

2. Faster transactions:

Litecoin processed instant payments, giving you prompt access to funds, unlike credit card systems that take a few days to batch out and process.

For small businesses, getting cash on hand is sometimes difficult. Acceptance of Litecoin payments will put cash within your grasp faster than when accepting payments via cards.

Litecoin has four times the total Bitcoin supply, and each litecoin block can process more transactions leading to faster confirmations.

The average Litecoin transaction takes just 2.5 minutes to complete as compared to Bitcoin, which takes up to 10 minutes.

3. Prevent Frauds:

In Litecoin, people can do transactions regardless of the disclosure of their personal information. This could only be possible if you transact through Litecoin or any other cryptocurrencies. 

There is no chance that anybody would leak the information and hinder the system. 

With Litecoin, that form of value does not have a personal identity attached. It is very much like digital cash.

4. Low Transaction Costs:

Yet another great benefit is the low transaction fees associated with each transaction. 

Though, it depends on how you accept litecoin payments, whether it is direct to your wallet or through a third-party provider such as Coinremitter. 

The fees are significantly lower than the services like Paypal or credit/debit card providers.

An important thing to note is that using Coinremitter: litecoin payment gateway provides 0.23% transaction fees to every merchant, which is the lowest among other gateways.

How to accept Litecoin payments on your website:

To start accepting Litecoin payments on your website, you need to have a Litecoin payment gateway installed on your site.

That means a Litecoin payment API is required. Now, what the API does is that it connects to the checkout system of the company to a payment receiving system.

All you need to do is just an initial set up, and in no time you can be on your way to accepting Litecoin and other cryptocurrency payments.

Integrate Litecoin payment gateway with Coinremitter:

Coinremitter is a merchant friendly crypto payment gateway that offers quality services globally to traders, large/small organizations, and those who love crypto.

It offers the ability to store, send, receive crypto coins online safely in minutes around the world.

Talking about its functionalities which includes a multi-currency wallet, currency swap, create an invoice, No KYC requires, and the most prominent is the low transaction fees 0.23%.

That’s why it becomes the most acquired gateway by merchants.

To integrate Litecoin on your checkout page, you must have to create a Litecoin wallet. It is very easy to set up the Litecoin wallet by just filling the required details.

Soon after that, you’ll need to have an API key and password which you will get by clicking on the Litecoin wallet. 

In the end, you have to install Coinremitter on your website. Coinemitter supports the most popular plugins such as Opencart, Magento, WordPress, and more.

There’s a different integration process for every platform.

To conclude:

So, that was all about Litecoin, how it’s helpful to your business, and how you can integrate into your site to accept litecoin payments.

By doing this, you’re providing much value to your consumers and giving them what they want.

Categories
Knowledge

Understanding DeFi And It’s Way Of Work

The new technology called DeFi (Decentralized Finance) has been taking its place in between the market of cryptocurrencies and blockchain-based decentralized firms.

This particular object refers to smart contracts, digital assets, and decentralized applications on the Ethereum.

To understand DeFi in simpler terms, it is a financial software built on a Blockchain. In the year 2019 DeFi has quickly become the topic of conversation as the big thing coming out from the Ethereum network.

Since the digital era has started subsequently, everything has now gone digital. From product purchase meant to demand service.

Many technologies are exponentially changing the way of living then how could currencies be excluded from it?

However, To understand DeFi we must go through from the beginning of it, and understand the way of its work.

What Is DeFi? 

As stated above, it is a financial tool built on the blockchain on the network of Ethereum. One of the main things for DeFi is to make financial service open for everyone.

Moreover, it makes to short the people’s trust, central agencies. These following things like cryptography and specifically blockchain are building trust between the individuals. Where they can safely store their private data, transactions, or amount in the digital wallet without any involvement of Centralized firms.

On the network of blockchain, You can verify data by becoming an individual entity or any transaction which supposedly occurs on the blockchain.

In contrast, this is an open service to anyone. In the term of DeFi applications, they are called Dapps (Decentralized Apps).

They are likely a Peer 2 Peer financial framework and their work is to lure to trade and hold financial assets with the least involvement of third parties. They are structured on the fundamental design of a Blockchain.

All the DeFi applications are mainly built on Ethereum Blockchain Network.

Smart Contracts:

On the Ethereum network, the system can maintain a digital value of ledger. The users or developers can run applications on the Ethereum blockchain simultaneously to create or maintain digital coins, or assets.

This however is called smart contracts. These smart contracts are waged by the Ethereum blockchain network.

One of the notable things is that these contracts are invariant and can be created without the involvement of third parties.

DeFi has the ability to make the financial service even simpler and fetch the transparency in the financial service.

As this is an open-source material, therefore, anyone can make their own smart contract and can use some of the information from the existing smart contracts with this functionality user/developer can compare both contracts and choose the appropriate service for them to use.

What Are The Benefits Of DeFi?

By eliminating the involvement of the third person it does provide the low cost & less transaction time.

Although, it gives freedom to those who don’t have permission to access financial services. The following benefits are:

  • Like centralized governance, you don’t have to take the form of capital in Decentralized finance.

  • More in that, it can allow you to put your money on individual work and maintain a stable value for your money.

  • You’ll conjointly have full control of your finance. In general, Dapps let you deposit your digital cryptocurrency without letting anyone stand in front of you.

  • Not only normal users but also owners who are creating financial products are seamlessly accepting DeFi service in order to create a futuristic financial service.

  • Since the decentralized currencies have introduced to the world moreover, they have no obstacles to in between the border. Just like this DeFi has been working on the same concept conversely, with better ways.

Last Words

In conclusion, there are so many new things that have yet to come out in the DeFi service.

All we can do is to wait until the service gets even better and sophisticated for individuals.

Understanding DeFi can be convoluted sometimes but one thing to keep in mind is that it allows you to enter into a finance world with having the least knowledge about it.

Regardless, seeing the future of DeFi, it looks bright, and showing the popularity of Blockchain is clearly inevitable for the future of financial service.

Categories
Knowledge

What Is Bitcoin Halving And How Often It Occurs?

An event that takes place in the upcoming few months. The event is called Bitcoin Halving.

Halving is the process where Bitcoins have to go through a process when it reaches 210,000 blocks.

The process will continue until the network has generated a maximum supply of 21 million Bitcoins.

The halving process also occurs to miners. The rewards every miner receives after every transaction of bitcoin will be halved and miners will receive 50% fewer bitcoins for the transaction they verify.

The halving process is the most important even among the traders. In contrast, the number of bitcoins production is being stopped during this process therefore, it becomes so obvious to see the rise of bitcoin price due to high demand.

However, it statically happened a few months before the halving process started which accordingly caused bitcoin price dramatically.

How often does it occur? 

Next bitcoin halving is happening in 2020 conversely, the date and month are not yet known.

Bitcoin halving occurs every 4 years. In general, the previous halving took its place on 9 July 2016 therefore, it might be possible if 2020 halving takes its place in the month of May or June.

Although, it will leave a major impact on the miners as before the previous halving happened miners used to get 50 BTC on every transaction.

When this tragedy occurred miners received 50% less BTC which means price dropped from 50 BTC to 25 BTC

However, this halving price/reward will also drop down from 25 BTC to 12.5 BTC for each bitcoin transaction.

The reward will cut in half till the last bitcoin halving.

What will happen to the bitcoin price?

As many bitcoin experts have said, the price of bitcoin may follow the same structure to the two previous halvings.

On 7 February 2020 bitcoin bounce on $10,000. It seems strange that halving will happen and suddenly the price surge up just like in the previous halving bitcoin price raised from $576 to $650.

Regardless, the bitcoin price is consequently dependent on its supply though sometimes demand could remain static.

However, since trading has become more mature traders are now more likely to invest in other cryptocurrencies too.

Therefore, when bitcoin surmounted its $10,000 price in the current month, then it led everyone to one conclusion that demand of this coin is high at peak nonetheless, supply is low now.

If the price of bitcoin went down then the conclusion was something else as supply would be high and demand would below.

Bitcoin Deflation

No.1 cryptocurrency in the world now. Conversely, No one shouldn’t feel hesitant while saying that bitcoin is a type of deflation.

In simple language when the time comes a supply of bitcoin will be stopped when it reaches 21 million caps.

Deep down every bitcoin trader knows that bitcoin’s concept lies within a mining process.

What will happen after the bitcoin cap reaches 21 million? 

When the supply reaches 21 million, users will not be able to get new bitcoin as the mining process will be stopped at that time. Conversely, miners will no longer receive bitcoin to verify every transaction.

Besides, they will receive transaction fees from those users who are making transactions.

Eventually, the last halving will take its place in 2140 till then, bitcoin will remain as a type of deflation.

What happened with miners when bitcoin price cut in half?

As stated earlier that when miners price cut in half, miners eventually count their price in advance and find out that the mining process would no longer be profitable for them.

In contrast, the mining process requires vast amounts of electric power and other hardware.

Some miners decide to stop mining as the resources which require mining bitcoin would cost them more than their earnings.

However, when miners step away from the process, then the software will automatically adjust and verify each and every transaction to maintain its rate and speed.

Categories
Knowledge

What’s The Future Of Cryptocurrency And Will It Go Beyond After Halving?

The Future of Cryptocurrency: The journey of cryptocurrency is a kind of roller coaster ride for analysts and traders.

The year 2017 the time when Bitcoin has shown its earth-shattering price conversely, price cracked down in the exact next year exponentially.

Besides, In 2019 it kept its low profile and made merchants’ faith retrieved in it. Although, At the beginning of the new year it again showed its dramatic uprising.

Therefore, by understanding the situation of bitcoin, it also does apply to other crypto coins too.

The price situation of cryptocurrency is a convoluted loop, no one knows what will happen next or can’t predict the exact situation for crypto. But one can predict it if it’d be invented by an entity.

The Future Of Cryptocurrency

Some crypto traders and analysts have predicted gigantic change in the cryptocurrencies, Especially in bitcoin.

There may be strong possibilities for crypto coins to get a skyrocketed price. Though, we have seen mass adoption to accept several crypto tokens.

Some traders would believe that acquiring with ETFs (Exchange-traded funds) would make it easy for those who want to trade in cryptocurrencies or Bitcoin.

Ever since SEC (Security and Exchange Commission) declined the idea and of several companies got a negative result from it.

Nevertheless, the part of this is still ongoing, we just have to see if SEC either gives it permission or not.

The easy way to predict the situation is that everyone will use crypto as a currency for the payment of their product and some are already accepted by firms and customers.

In the year of 2014, Microsoft has started accepting Bitcoin as a payment for game purchasing.

One of the finest things which makes cryptocurrency different from fiat currency is that it provides low-cost transaction fees. No involvement of the third party which makes less time to make the transaction possible.

John Mcafee, a British businessman, has predicted that by the end of 2020 Bitcoin will hit the mark of $1 million. Although he strongly believes that cryptocurrencies are the most trusted ones.

However, Some other cryptocurrencies are facing some problems like users’ data which are stored in the blockchain can be ransacked by hackers.

To remove this hassle blockchain network is endeavoring on this subject. In general, when the security level has gone a bit far in blockchain then, the centralized firm may endure them.

As long as crypto lovers won’t let that happen because of the fundamental law of cryptocurrency is its decentralization process.

Crypto Gateway

conversely, If we talk about merchants who have online eCommerce stores have remarkably adopted crypto payment service numbers are increasing.

Accepting cryptocurrency will help merchants to grow their business around the globe with the gained trust among the community of merchants and consumers.

Keeping an eye on the top crypto coin like Bitcoin. Ethereum and Litecoin have eventually surmounted the market cap of crypto trading price. While on the other side, new coins are still coming and adding their names in the cryptocurrency list.

In other words, what if some crypto technology brings some of the newest ideas with it? Hypothetically, developers are working on the newest concepts on how to accomplish new things through cryptocurrencies.

Price After Halving

The event which is taking place this year is Bitcoin Halving. The third bitcoin halving, which expected to be occurring in May 2020.

Alex Althausen, CEO of StormGain has said that “My advice is to keep an eye on the Bitcoin Halving in 2020, which can dramatically change the cryptocurrency supply and demand equation.

I believe it will be remembered as a historical milestone for Bitcoin and the entire industry. It could be the turning point that takes Bitcoin from a niche, unstable asset to a mainstream form of payment”.

By shadowing a light on the previous two halvings, the first halving occurred on November 28th, 2012, the time when one BTC was worth around $11.

Exact one year later it acquired $1100 price in 2013. Subsequently, the price fell down and touched the ground worth $220 and it was roaming below $1000 for a few years. 

The second Halving took its place in July 2016. In that time One BTC was worth around $600 maybe a year before when BTC reached an earth-shattering price of $20,000 in December 2017.

While third halving, taking its place and at the beginning of the year BTC had crossed $10,000 first time after it reached 20,000.

Ample of traders and experts expressed what they feel about the Next Halving. Kraken CEO said, “When I hear people talking about bitcoin, I’m thinking $100k, maybe $1m.

Another entity named Anthony Pompliano, co-founder of Morgan Creek Digital Assets, also believes that Bitcoin could reach $100,000 by 2021.

He added that “Supply-Demand economics remain valid, They are a great way to determine the market price. So, if the demand for a fixed-supply asset increases, we continue to see price appreciation.”

It kinda looks appropriate that if someone would predict if bitcoin price would go high or not.

But one thing to confirm that the future of cryptocurrency (bitcoin) will go higher and it may have the efficiency to compete with fiat currency. When it reaches its level or who knows maybe bitcoin will become the capital currency in the future.

If you invest in cryptocurrency or not?

Very graceful time to invest in cryptocurrency. It will benefit you whether you are a merchant or a consumer.

Cryptocurrency is conjointly a digital currency and decentralized. The price of cryptocurrencies plunges over time to time. However, it will increase exponentially too.

As I stated earlier, that bitcoin price jumps from $600 to $20,000. The best advice is that don’t blindly jump on the bitcoin or any other cryptocurrencies always look for a market cap and which investment suits you more and then make steps ahead.

If this volatility risk matters so much to you then, stable coins would be a good choice for investment as they are backed by real dollars.

All the opinions are from traders and analysts are better to understand. You can study them deeply and at the right time become the owner of your own cryptocurrency.

Conclusion 

A journey of cryptocurrency, especially Bitcoin, started in 2009.

Regardless, so many merchants and experts have to debate over the future of cryptocurrency. Despite, getting an issue in this currency.

One thing everyone admits that no matter what happens now cryptocurrencies emerging towards the miraculous performance where it would gain the reinforce and stand at the level of fiat currency.

It may take time but that day won’t be far ahead of us.

Categories
Tutorials

Tether(USDT) API – Accept Tether In Your Website

What Is Tether(USDT)?

Tether belongs to the list where major cryptocurrencies like Bitcoin, ethereum, etc, have listed on the top.

However, tether belongs to the new version of a cryptocurrency called “Stablecoins”. Moreover, this new version is to keep the cryptocurrency value stable in the trade market.

As we are seeing the widespread changes in the prize of major cryptocurrency whereas, the stable coin is an exception to it.

For instance, USDT belongs to the fiat currency category like USD, Euro, or pound which backed every crypto coin in the loop.

However, tether built to fill the mandatory gap between fiat currency and cryptocurrency.

Conversely, it fulfills users’ demand on the low-cost transaction fees, stability of its price, and provides transparency for everything.

Tether launched as RealCoin in July 2014 and rebranded as Tether in November by Tether Ltd. It officially began trading in February 2015.  

According to some sources there between 70 – 80% bitcoin trading is efficiently carried out in tether.

Moreover, stablecoin now becomes a chief source for the cryptocurrency market.

Gateway to accept tether payments

On the contrary, thanks to tether popularity as being a stable coin. Therefore, attention, and trust within the group of retailers who were first insecure as for its acceptance from their customers.

The users who want to accept tether payments in tether (USDT) a decentralized gateway, Coinremitter helps you to accept tether payments in this currency.

In general, it will make the process even simpler with the lowest transaction fees. It also giving other opportunities to retailers if they have their own website.

Coinremitter as the best crypto payment gateway enabling other features like no more hidden charges, 24/7 customer support, transactions/balance history.

Tether (USDT) API for your website 

Those retailers who want to enable the service to accept payments directly within their website then, coinremitter does provide API service so that you can integrate coinremitter plugins and accept payments directly within your website.

The most effective plugin’s like Laravel, CorePHP, and WordPress is the best place in order to integrate. Moreover, merchants can integrate REST API for any programing language.

Choosing coinremitter plugins for your payment in USDT is the ideal choice users ever make.

It is more and more expanding on the global stage as 1.8M cryptocurrency transactions are already completed where USDT is also included in it although, Retailers who own E-Commerce platforms are in the majority who have accepted USDT & other cryptocurrencies. 

Create an account integrate coinremitter plugin and surprise your customers by introducing them to a new USDT payment acceptance service, gain the trust of your customers, and with this service gain new more customers for your business.