Cryptocurrency

CryptoPayments Launches B2B, B2C Solutions

Estonia-based cryptocurrency-fiat gateway CryptoPayments has launched new solutions that enable businesses and individuals to make and receive payments in nine cryptocurrencies.

The platform features security that includes two-factor account authentication, currency options, up to 14 personal crypto wallets and multicurrency cards, and an application programming interface (API) for developers, according to a Thursday (Sept. 15) press release.

“With CryptoPayments, businesses can receive payments from clients,” the company said in the release. “In order to achieve this, CryptoPayments aims to provide high-quality instant crypto and fiat payment services to individuals, businesses and corporations, along with the best tools to manage cryptocurrency transactions.”

Among the tools available to benefit businesses using the platform are flexible fees, automated conversion and an invoicing feature that will assist in automatic conversion, the release stated. In addition, there are no chargebacks or rolling services.

“CryptoPayments is an all-encompassing B2C, B2B and B2B-to-B2C cryptocurrency-fiat gateway,” the company said in the release. “It offers a vast array of cryptocurrency and fiat payment options globally. As a result, businesses can collect payments from customers using a way that is not restricted by borders.”

PYMNTS research has found that among merchants that are interested in accepting or expanding their acceptance of crypto for retail sales, 60% said a key reason for their interest is their desire for a better cross-border transaction experience.

Read more: 85% of Merchants See Crypto as Path to Gain New Customers

Other top reasons for merchants’ interest in accepting crypto include the ability to gain new customers and the ability to eliminate middlemen. Those reasons are cited by 85% and 82%, respectively, of the merchants interested in crypto, according to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants.

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