- Crypto.com and Checkout.com are collaborating to offer another way for dealers to acknowledge crypto installments.
- Over 50 popular cryptocurrencies like Bitcoin and Ethereum will be supported through the new gateway.
- Merchants won’t have to deal with crypto wallets or volatility – Checkout.com handles the backend.
Digital money reception among the two buyers and organizations has been consistently developing throughout recent years. Significant standard organizations like Tesla, Microsoft, and Home Terminal currently acknowledge Bitcoin as an installment. Various industry reports estimate global crypto ownership rates to include between 3-7% of adults. As more people own cryptocurrencies, there is an increasing demand to spend these assets on everyday transactions. To help businesses capitalize on this accelerating trend, the leading cryptocurrency platform Crypto.com has collaborated with global payments provider Checkout.com to launch a new cryptocurrency payment gateway. This collaboration aims to make it seamless and frictionless for merchants worldwide to accept crypto payments from customers.
Major Cryptocurrencies Supported with Millions in Market Value
The new crypto payment gateway will support over 50 different cryptocurrencies at launch, including major coins like Bitcoin, Ethereum, Crypto.com Coin, and stablecoins like USDC and USDT. By supporting the most highly capitalized digital assets and stablecoins, merchants will have the flexibility to accept the crypto options with the most user adoption. Some of the supported cryptocurrencies like Bitcoin and Ethereum have a market cap in the hundreds of billions. Stablecoins allow merchants to avoid volatility while still accepting crypto. Checkout.com plans to continually add support for more cryptocurrencies over time as new assets gain prominence and market share.
Seamless Backend Integration and Settlement in Fiat
A key benefit offered to merchants by the new gateway is easy backend integration. Checkout.com handles all the technical blockchain work required to accept crypto payments. Merchants won’t have to manage crypto wallets or deal with private keys. The merchant will simply get a notification of payment like any other online order. Volatility is also avoided because Checkout.com will settle merchant payments in fiat currency like euros or dollars. Merchants will get their local currency deposited into their bank accounts as usual. This frictionless approach makes adopting cryptocurrency payments highly appealing for businesses interested in capitalizing on the crypto boom without any added complexity.
Summary
The partnership between two global leaders Crypto.com and Checkout.com marks a major milestone in the mainstream business adoption of cryptocurrency payments. By providing a seamless integration gateway supporting major digital assets already owned by millions of customers, the collaboration aims to help merchants easily meet the evolving payment preferences of consumers worldwide. As global crypto usage continues accelerating, the new payment gateway arrives at an opportune time for businesses to adopt crypto payments. Widespread adoption through major platforms like these could help cement cryptocurrency as a conventional payment method alongside credit cards and mobile wallets.