As mentioned, the crypto payment gateway plays an intermediary role for payment between two parties that ensure efficient and secure transactions. It acts as a mediator between conventional financial systems and decentralized blockchain. When customers start the process of payment, the payment gateway encrypts the complete information regarding transactions and provides the same on the complete blockchain network.
1. BitPay: BitPay is one of the popular and reliable cryptocurrency payment gateways that came into existence in the year 2011. 2. CoinGate: CoinGate is another reliable payment gateway that serves a range of businesses to small & large enterprises.
3. GoCoin: Introduced in 2013, GoCoin is another well-known crypto payment gateway that ensures smooth transactions with multiple digital currencies. 4. Coinify: If you are looking for blockchain-based financial services, you should opt for Coinify. 5. Crypto.com Pay: Being a part of the vast Crypto.com ecosystem, Crypto.com Pay is a trusted payment gateway that provides a range of cryptocurrency-related services.
The entire process of developing a crypto payment gateway involves multiple steps. 1. Planning and Research 2. Blockchain Technology Selection 3. Security Infrastructure 4. API Integration 5. User Interface Design and Merchant Onboarding 6. Testing, Launch, and Maintenance
The crypto payment gateway development cost tends to vary based on the type of gateway you wish to develop. You need to spend approximately $15,000 to $25,000 to build a crypto payment gateway with basic functionalities.
The future of crypto payment gateway development is more promising as it revolutionizes financial transactions. With the growing maturity of blockchain technology, crypto payment gateways are likely to improve speed, security, and accessibility. With the help of decentralized finance (DeFi), users can transact smoothly without any mediator.
As a leading crypto payment gateway and eWallet Development Company, Moon Techbolabs specializes in providing tailored solutions to businesses in the rapidly growing market. Our expertise allows businesses to create custom gateways, ensuring a unique and seamless user experience.