Receiving cryptocurrency payments is an option many companies have explored and implemented in the past few years. Online merchants can use a growing number of platforms to process orders paid with digital coins and Coingate is one such established service in this niche.
Also read: This App Teaches You How to Become a Bitcoin Cash Trader
Payment Gateway Supports Crypto Options
Coingate allows web-based businesses to accept payments from their customers in several of the most popular cryptocurrencies. That includes bitcoin cash (BCH), which is known for its fast and low cost transactions. The payment gateway, developed by a Lithuanian company, automatically settles payments in euros, U.S. dollars, or BTC. The platform selects the best conversion rate from several exchanges.
Using Coingate, online stores can set the price of their items in fiat currency and the system calculates in real-time their crypto equivalent. Then customers can pay with bitcoin cash, for example, and the merchant will receive the amount…