The cryptocurrency market has been around for a relatively short period of time. Yet, it has managed to create a positive impact, rapidly gaining popularity as it steadily makes its way into the mainstream.
With the likes of Bitcoin, Ethereum, Ripple, and Litecoin, to name a few, providing an alternative to paying with cash companies are seeing the possibilities of using them for transactions. According to research from the Neustar International Security Council (NISC), 80 percent of organisations have an interest in using digital currencies, such as Bitcoin, for transactions.[1]
For many, though, the idea of accepting cryptocurrency payments may be easier said than done.
In a bid to make the process simple, one company is attempting to provide the answer. London-based PayCoiner is a cryptocurrency payment gateway platform that has been built to simplify payments in crypto such as Bitcoin. Merchants who use PayCoiner can choose the currencies they want to accept. According to its website, the platform has created a solution that is easy to use while being intuitive. This means that it can be as simple as using a traditional payment method with fiat currencies.[2]
Accepting Cryptos in E-Commerce
With PayCoiner, an e-commerce business can quickly start accepting cryptocurrencies for transactions. The first step is to register by filling in the required data, before choosing a proper plan on which the implementation will depend.
Implementation of PayCoiner on a website is an easy process to follow. There are three ways in which this can be done:
- A plugin – this is the easiest way of implementation by installing a plugin;
- Download a PHP library – with the downloaded PHP library place it in the correct part of the business website following the instructions;
- Implementation of API – if you are an
