How crypto payment gateways works
In crypto currency the payment gateway are the payment method like other payment method PayPal and B Pay and some others and they facilitate the crypto users in the payment during trading
This facility observe by the merchants in the payment of crypto currency.These crypto currency gateways are offered from the different companies to thier customers for avoiding high paying taxes.
These crypto currency gateways couldn't send or receive the digital currency but they send and receive the crypto currency assets.These are like the banks account and the merchants uses these wallet for their trading purpose.
Crypto currency gateways work with two different method and the first one is that when the merchant and the customer did any type of trade they exchange some of assets in the crypto currency form and then the merchants send the payment from the crypto currency gateways
The second work of these crypto currency gateways is that as i mentioned before different companies offers these payments ways and when a customer did shopping from any website or from any store and if he don't want to give cash or digital currency then the companies receive the crypto currency payment with the help of these gateways.
The work of these gateways are very essential because firstly the merchants and the customer has made thier account of these gateways and then they did any type of transaction with the help of these payment gateways and payment has been done in only crypto currency form
The first advantage of these crypto currency gateways is that the transaction has been sent instantly and fastly.
The second advantage of these gateways is that thier are very low chances of losing the assets because the payment is a digital.
Another major advantage of these gateways is that the currency can't be faked and it's transfer directly to the merchant account.
Another advantage of these crypto currency gateways is that they have very less taxes and the payment method is very easy.
Posted Using LeoFinance Alpha