Online payments have made e-shopping more convenient. Cryptocurrency payments are considered a step forward in online payments, as they have many benefits. Many have started seeing them as the future of online payments. The use of cryptocurrency as a payment method is increasing day by day.
We can see this rise in the growing use of crypto payment processors, including CoinRemitter. In this article, we will look at the growth of this crypto payment gateway and explore the reasons behind it.
Growing Use of This Platform
Over 10% Hike in Registered Users
The users of this cryptocurrency payment gateway have increased from 39,000+ to 43,000+ in a year. Only a few thousand businesses accept crypto payments as of now. So, the rise of over 4,000 registrations is relatively high. The hike of over 10% indicates that many businesses are interested in accepting cryptocurrency payments.
Over 2 Million Transactions in a Year
This crypto payment gateway has also achieved a lot in the number of transactions. According to the stats on this platform’s official website, total transactions on the platform have increased from 19 million (approx.) to 21.64 million in a year. There has been a massive increase of over 2 million transactions. This indicates that businesses aren’t leaving after registering. In fact, they are actively using this platform to accept crypto payments.
Reasons Behind the Growth of This Platform
Increased User-Friendliness
This platform initially had two options for crypto payment integration: Open-Source Plugins and Crypto APIs. These solutions were too complex for some business owners.
Therefore, this platform introduced four more solutions: Pricing Widget, Presale Widget, Payment Button, and Payment Page. This approach encouraged more businesses to adopt crypto payments. Below are some key benefits of these features:
- No Technical Barrier: The system generates code or a URL based on your widget’s UI. So, you don’t need coding skills to integrate cryptocurrency payments into your platform.
- Purpose-Oriented: The Payment Button and the Payment Page are ideal for businesses and social organizations. On the other hand, the Pricing Widget and the Presale Widget offer effortless crypto payment integration for pricing plans and ICO/crypto presales, respectively. This was complex with plugins and the crypto API, but easier with widgets.
- Stats and Unlimited Modifications: All the widgets offer accurate statistics. So, you can view them and modify widgets as many times as you want.
Since the setup has become easier, more businesses have joined this payment method. This can also be a reason for the platform’s increasing use.
Continuous Launches and Improvements
Along with widgets, this crypto payment processor is well-known for other frequent improvements. Some of them are the Node.js plugin, new crypto API docs, and new cryptocurrencies like USDC and Zano. Such improvements attracted more businesses to accept crypto payments. The same has been reflected in the increased use of this crypto payment gateway.
Some Other Factors That Have Been Benefiting Businesses for Years
- Low Fees and High Profits: This cryptocurrency payment processor has the lowest processing fee in the market. Businesses that use this platform to accept crypto payments have to pay only a 0.23% processing fee. So, they can earn high profits.
- Auto-Withdrawal: This feature ensures your funds are released to your personal crypto wallet every 30 minutes.
- Security: You can accept crypto payments without worrying about your account or internal wallet security. This platform offers dedicated features to protect both.
- Privacy: Registering on this platform is KYC-free. So, you don’t have to submit your documents (or sensitive information). This shortens the onboarding process and protects your online privacy.
Final Words
We can see the growth in cryptocurrency payments in the real world. CoinRemitter’s numbers are reflecting this growth more clearly. This platform has become more user-friendly, affordable, and improved for businesses. Its ongoing benefits, such as the lowest fees, high privacy, and quick settlements, have also helped it grow. In short, businesses are seeing it as a complete package to accept crypto payments, which may be a main reason for its growing use.