The global Bitpapa Peer-to-Peer cryptocurrency exchange has announced the launch of a proprietary solution that allows businesses to accept digital currencies as a means of payment. The new service comes in light of the exchange’s expanding presence in African countries with growing audiences of cryptocurrency users and record rates of crypto adoption.
With the launch of the new solution, Bitpapa offers business clients access to a widget integration software package suitable for any website that accepts payments from customers. The functionality of the new service has been simplified to allow its application and integration even by inexperienced users. When paying for an order on a merchant’s resource, clients are offered a list of possible payment options in cryptocurrencies via P2P transfer using one of the corresponding country’s leading banks. The option is given in addition to existing classic card payment and processing for added convenience.
The process of using the new service starts with choosing the P2P payment option. The client will then be given the details of a bank card for the transfer of funds in the amount of their order, essentially mimicking an internal card-to-card bank transfer that bypasses possible commissions and other charges. The transaction is then processed within less than 30 seconds and the client receives a confirmation of payment notification that changes the order’s status to “Paid”.
On the merchant side, the user will receive a notification of a wallet balance top up in the corresponding cryptocurrency of choice. Merchants are then free to withdraw their funds to any external wallets or to fiat.
“We developed a truly revolutionary method of accepting payments. Any stores, services, or platforms can now receive payments from their customers directly using cryptocurrencies. Moreover, from the point of view of the client, this is the simplest, most convenient, safest, and, most importantly, familiar experience of transferring funds from card to card. This method is much more profitable than traditional payment processing means applied by classical banks. Now any business can receive payments in cryptocurrencies from people who have never even heard of cryptocurrencies before,” as a company representative stated on the launch of the new solution.
The launch of the new service highlights the main benefits of using digital currencies as a means of payment for goods and services in the retail and e-commerce sectors. P2P transfers of cryptocurrencies are cheaper than traditional payment processing for both the client and the merchant. A fixed fee for withdrawing payments is another advantage, as opposed to the percentage-based commission charged for traditional processing, signifying independence from the banking system. Lastly, Bitpapa offers more than 100 means of payment within the framework of its platform, significantly expanding flexibility, convenience, and usability for clients.
About Bitpapa
Bitpapa is an international P2P platform that allows users to quickly, easily and securely buy, sell, store and send Bitcoin, Ethereum, USDT, ERC-20 tokens, Monero, and Ton. The platform operates on a completely decentralized infrastructure, ensuring a high degree of convenience and security. Bitpapa also provides clients with a straightforward interface for instant P2P trades without the interference of any intermediaries or hidden fees through more than 100 payment options in 20 fiat currencies.
