Cryptoprocessing.com to offer its payment processing platform and new personal blockchain wallet as two separate products in 2020 - AMBCrypto
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Cryptoprocessing.com to offer its payment processing platform and new personal blockchain wallet as two separate products in 2020

Biraajmaan Tamuly

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Source: GetETH

CoinsPaid is known as one of the leading providers of crypto processing services, especially for the iGaming industry. Starting from January 2020, its popular crypto gateway will be marketed as Cryptoprocessing.com, while the CoinsPaid brand will remain attached to the company’s upcoming blockchain wallet.

As thousands of online businesses seek to integrate crypto payments on their sites, the demand for crypto processing services is higher than ever. Most companies have neither the resources nor the expertise to process transactions in digital currency on their own.

Reporting and conversion into fiat are the major hurdles. Crypto (especially altcoins) is a risky asset for business, so any company that accepts digital money will want to exchange it for USD, EUR, etc. as quickly as possible.  Moreover, it’s hard for a non-blockchain business to track which payment came from which client – and how many confirmations it received from the network. The level of complexity rises with each new crypto coin supported.

Crypto payments made easy

Cryptoprocessing.com – as the payment processing service by CoinsPaid will now be known – was designed with the needs of real businesses in mind. It allows its corporate clients to accept 31 different coins, including BTC, ETH, LTC, Dogecoin, and many others. At the same time, the clients don’t need to deal with the issues of tracking transactions or exchanging digital money into fiat.

The Cryptoprocessing.com solution eliminates all the unnecessary complexity, providing a number of client-friendly features:

  1. Instant payments in the most popular cryptocurrencies: the merchant and the customer don’t have to wait for blockchain confirmations;
  2. Instant crypto to fiat exchange with support for 20+ fiat currencies;
    Two payment modes:
    1. invoices – a merchant provides the customer with a limited-time payment window at a fixed exchange rate;
    2. channels – the services generate a unique blockchain address for the customer, who can then pay whenever they choose.
  3. Settlements in USD, EUR, JPY, GBP, CAD, and AUD, with more currencies coming soon;
  4. Automated payouts to multiple addresses (handy for affiliate program managers).
  5. The gateway can be easily activated via REST API.
  6. Cryptoprocessing.com assigns a dedicated support manager to every client to guide them through each step of the integration process.

On the frontier of digital payments

The team of Cryptoprocessing.com relies on 6 years of working in the crypto payments business. In 2019 alone, the service processed over 265 mln euro worth of transactions for 220+ clients. Cryptoprocessing.com offers enterprise-grade security based on a sophisticated system of cold and hot wallets, with all client funds held in cold storage. In late 2019, the company successfully passed an audit by Kaspersky Labs, proving that its gateway infrastructure contained no exploitable vulnerabilities. The company’s particular market focus is iGaming: among Cryptoprocessing.com’s clients, there are dozens of online casinos and betting companies. In this industry, cryptocurrency provides very strong advantages over the traditional means of payment.

Gamers in many countries are unable to make deposits and withdrawals on gambling sites using bank cards, and many even find their card accounts blocked as a result. And while e-wallets do offer a workaround, their processing times cannot compare to those of payments in crypto.

Upcoming release of the CoinsPaid wallet

As Cryptoprocessing.com is now branded as a separate product, CoinsPaid’s other major offering – a personal crypto wallet – will be
released under the original CoinsPaid brand. The wallet will feature some of the same features that made the company’s crypto
gateway so popular: instant exchange, fiat support, high security, etc. The release is planned for Q1 2020.  Cryptoprocessing.com offers a free 14-day trial to all its new clients. To learn more about the service and activate crypto payments on your site, visit the official page.

Disclaimer: This a paid post, and should not be treated as news/advice.

Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.

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