There is a lot of hype around crypto-based payments because of the benefits like decentralization, anonymity, low fees, and transparency that it brings. Besides, cryptocurrencies operate purely in a blockchain network. Are you an entrepreneur running an online or offline business and wish to accept cryptocurrency as payment for your products or services? Then there’s a reasonable probability you'll be looking for crypto payment gateway development services. And you will be all set to accept a wide range of cryptocurrencies. Trust us when we say that developing a BitPay clone script is the best bet for you to get the best crypto payment gateways. After all, the payment gateway should be able to work in tandem with your enterprise. Before we discuss how to acquire a BitPay clone, let’s take a glance at what BitPay is and why you should consider developing it for your business.
Did you know? On average, 60,495 average transactions are processed per month on BitPay. BitPay provides a payment processing solution that can be integrated by merchants and vendors to accept cryptocurrency payments for goods and services. BitPay’s payment protocol introduces consumers to a more streamlined and safe cryptocurrency checkout process. Consumers simply need to select cryptocurrency as their payment method where the vendor supports BitPay and pays the invoice. BitPay was first launched in 2011. It is headquartered in the USA, Atlanta, and Georgia.
Cryptocurrency is not monitored by any government authority or financial institution. Therefore, BitPay Wallet takes every necessary measure to keep your crypto funds safe. Safety of funds is ensured through two keys that are required to authorize transactions. This keeps the funds safe from fraud and costly chargebacks. Moreover, data encryption tools safeguard your environment and prevent hackers from accessing your system.
Developing an app isn’t a process that comes easy because there are multiple factors that determine the success rate and the final output of the development process. Here, we have listed down a few things you need to consider before getting a BitPay clone developed. Let us go through them so that you do not land in a pool of complex situations while losing your money.
BitPay is here to revolutionize the financial industry and aims to develop a faster, secure, and less expensive payment system that is accepted globally. You will be surprised to know that it is currently the most significant Bitcoin payment processor across the globe and helping businesses across six different continents. On any regular day, thousands of Bitcoin users avail the payment service. BitPay allows customers to pay with Bitcoin and Bitcoin Cash to transfer funds directly to a bank account. These payments can be made in 38 countries and can be settled in euros, dollars, and other currencies. By using the BitPay clone, customers can pay with Bitcoin during the checkout stage and pay the invoice to BitPay at a locked-in exchange rate. BitPay then converts the Bitcoin into fiat to protect the customers against the volatility risks. After this stage, businesses will receive a direct deposit into their bank account.
BitPay has emerged as the world’s largest provider of Bitcoin and cryptocurrency payment services. On June 04, 2021, BitPay announced its 10th birthday. BitPay came into existence to make it easy for enterprises to accept bitcoin payments. Gradually, it grew into the largest bitcoin payment processor across the globe. It is serving and supporting thousands of crypto users. BitPay works with Microsoft, ATT, WeWork, Camping World, Newegg, and Jomashop.com. Surprisingly, it has processed more than $5 billion in payment volumes since the time it came into existence and has helped thousands of businesses worldwide. BitPay CEO Stephen Pair said, “I can anticipate the day when every store will accept payment in a cryptocurrency.” Bitcoin has disrupted the financial systems massively. “BitPay sees a different future for payments and is building blockchain-based payment technology solutions to transform how businesses and people send, receive, and store money around the world,” said Stephen Pair, co-founder and CEO of BitPay. “Ten years ago, we saw the potential for bitcoin to revolutionize the financial industry, making payments faster, more secure, and less expensive on a global scale. Now, we support 11 different cryptos, and users can make crypto payments using any crypto wallet.” (Source)
You must associate with a service provider who possesses rich experience in providing crypto-based services. The BitPay clone development process requires high expertise so that even the minutest functionality can be integrated into the solution. Final Comments: Suffescom Solutions is the top-notch crypto payment gateway solution provider and is a master at offering all sorts of cryptocurrency solutions to modern businesses. We have a team of experienced developers who provide bespoke solutions to the clients at the right time. Do not go by our words but try us before you hire us to build a crypto payment gateway platform like BitPay. And you will be all prepared to launch a BitPay clone script that the market has never witnessed before. Your business needs to become modern, and we have the services ready. Make a fundamental change to your enterprise by connecting with our experts to shed light on your idea and allow us to convert it into practicality.
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