Are Crypto Payment Gateways the Future of E-commerce?

Crypto payment gateways enable customers to pay in cryptocurrencies, replacing cash and cards

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They act as intermediaries, collecting payments and transferring them to vendors' accounts while charging a small fee for their services

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Payment gateways collect payments, charge a fee, and transfer funds to vendors.

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They save vendors from setting up payment channels and handling digital infrastructure

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Crypto payment gateways accept cryptocurrencies, ensuring anonymity by collecting wallet addresses. Some require KYC for compliance

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Crypto payment gateways work in four steps: invoice generation, customer payment using wallet's scanner, conversion of crypto into cash, and depositing cash in the vendor's account

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On-Chain gateways transfer cryptocurrencies within the blockchain without involving cash

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Off-Chain gateways transfer cryptocurrencies between wallets and can involve cash through exchanges or private settlements

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Advantages: Immediate conversion of crypto into fiat, lower fees for cross-border payments, and faster settlements

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