Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.
Payment requirements of crypto exchanges and projects?
Cryptocurrency exchanges are websites where you can buy, sell, or exchange cryptocurrencies for other digital or fiat currencies. Bitcoin is the most widely traded cryptocurrency on exchanges, followed by Ethereum, Bitcoin Cash, Ripple, and Litecoin. There are over 300 cryptocurrency exchanges, with the most popular ones being Binance, Coinbase etc. Some exchanges only offer cryptocurrency-to-cryptocurrency trading while others also offer cryptocurrency-to-fiat trading.
Decentralized applications or DApps are built on blockchain platforms that use cryptocurrency tokens to perform functions. These projects can be used to create new markets or to power existing ones.
Cryptocurrency exchanges and cryptocurrency projects have different payment needs. For exchanges, the most important thing is to have a payment processor that can handle the large number of transactions that come through the exchange. For cryptocurrency projects, the payment needs vary depending on the project. Now, you can accept and process multi-mode fiat currency payments for your cryptocurrency exchange or project.
Creating a seamless crypto experience
We have partnered with VISA and other leading payment processors for providing seamless payments experience to your users. These processors can handle both fiat and cryptocurrency payments and also have the ability to convert between the two. Now, everyone can buy crypto using debit or credit cards*.
Give your users the freedom of choice. Issue crypto powered personalized debit cards or let them open an international bank account which can be funded with crypto, almost instantly.
Connect with AlphaStack to know more.
Disclaimer: Cryptocurrency investment is subject to high market risk. The statements made in this article are for educational purposes only and should not be considered financial advice or an investment recommendation.
