What are Crypto Payment Gateways?

Krutika Adani

Crypto Payment Gateways are solutions that help customers pay for goods and services directly with crypto.

The customer pays with crypto which is then exchanged to fiat via an exchange and is paid to the seller.

They are available as on-chain gateways, which transfer crypto to the seller and off-chain gateways which pay cash to the seller.

The advantages are less-cross border transfer costs, faster settlements and fewer intermediaries.

However, they are also plagued with irreversible payments, cross-border regulations and low rates of adoption.