A company that describes itself as a "Pioneer in the digital payments space" has unveiled plans to become the first company to offer payment processing capabilities for transactions involving ERC20-compliant tokens.
CoinPayments, which was established back in 2013, says its payment gateway has the potential to help fledgling crypto start-ups increase adoption for their custom-made tokens, without the need for each company to code their own payment processing solutions.
The feature also means customers who have invested in new tokens could be able to use them on relevant platforms far faster than before - and spend their crypto with physical merchants and e-commerce stores which accept CoinPayments as a payment method.
Alex Alexandrov, the CEO of CoinPayments, told Cointelegraph: "Scalability and utility issues around Ethereum tokens have taken the spotlight in the cryptocurrency industry today. Once again, CoinPayments leads the way innovating the first and only ERC20 token payment processing solution in the world."My vision is a world built around thousands of micro economies focused on building niche industry specific communities.
CoinPayments provides a solution for every new token to have a chance to participate in this new world of banking.
The official CoinPayments blog details the full breakdown of how their ERC20 token payment processing solution works.
The company plans for this token to provide discounts and rebates on the merchant transaction fees, conversion fees and coin hosting fees, while also providing staking rewards and exclusive access to allocations of initial coin offerings hosted by CoinPayments.
The platform is also preparing to launch what it describes as a revamped edition of its current user interface, which has been dubbed CoinPayments 3.0.
Through its cloud payment technology - including point of sale interfaces, plugins and APIs - merchants of all sizes are able to accept Bitcoin along with hundreds of other cryptocurrencies.
The CoinPayments website has an expansive list of stores which use its payment processing solutions - spanning an array of sectors including clothing, gaming, health and beauty, music, travel, tobacco, gaming, art and collectibles, marketing and charities.
Crypto Payment Gateway to Help Start-ups Increase Adoption of Custom-made Tokens
Publicado en May 31, 2018
by Cointele | Publicado en Coinage
Coinage
Noticias recientes
Ver todo
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.