Digital payments are­ changing the global economy. Crypto payment gate­ways are helping in normalizing crypto payments. The crypto payment gateway market is­ growing fast. Consumers always appreciate more payment options, which has attracted more businesses to join this ecosystem.

Experts say that the­ crypto payment gateway market will grow rapidly with a projected compound annual growth rate (CAGR)  of 14% to 17% this decade.  This rise­ indicates a big chance­ of the growing adoption of cryptocurrency in online payments. In this growing crypto world, a crypto payment gateway named Coinremitter may change the prediction entirely.

Here are some features that can make a change:

• Low processing fee
• Auto-withdrawals
• No-KYC registrations
• Security
• Easy integration

Low Processing Fee: This feature is nowhere strange. And we can say that most merchants prefer to spend low in fees. Indeed, we can say that this is the favorite feature of most merchants. As of February 2024, merchants on Coinremitter just have to pay a 0.23% processing fee of the transaction amount, which is the lowest in the crypto payment gateway market.

Auto-Withdrawals: As there are no fiat services on Coinremitter, there’s no need to add bank accounts for withdrawing funds. Merchants can withdraw their funds in a compatible crypto wallet (For withdrawing ETH funds, merchants need to add a valid external wallet address, which supports ETH).

Apart from adding convenience and automating fund withdrawals, this also works as an important security feature. As funds keep withdrawing automatically every 30 minutes, errors like website or server outages do not cause any kind of loss of funds.

No-KYC Registrations: This feature focuses on merchants who are worried about their sensitive information, especially while accepting crypto payments. Here, merchants don’t need to submit any identity proof to begin consuming crypto payment gateway services. This feature becomes important, especially when over 50% of web visitors prefer to keep their identities hidden. 

Security: Coinremitter’s additional security features ensure less than 1% security threats. Whether it is account security or fund security, merchants can rely on such features to protect their funds.

Easy Integration: The integration process is something that demoralizes merchants from using a crypto payment gateway. Usually, there are two types of integrations, plugins and crypto APIs, which are important for accepting crypto payments frequently. They automate the process of accepting payments.

Integrating Coinremitter’s plugins and crypto APIs is quite easy (probably the easiest). Also, merchants get a complete guide to installing plugins and technical support for integrating crypto APIs, which makes these processes even easier.

What Indicates a Big Change?

• According to Coinremitter’s internal stats, they have processed over 12 million crypto transactions. A 20% growth was recorded in the number of processed transactions in H2 2023, compared to H1 2023.
• A total of 14,000 BTC has been processed on Coinremitter till now, which shows the activity of Bitcoin holders for making crypto payments.
• The number of merchants using Coinremitter for accepting crypto payments crossed 38,000, which was 15% higher than the recorded number in 2022. Also, the growth in 2023 was 2x more than the one in 2022.

Apart from these stats, the features we discussed above may inspire more people to join the ecosystem of crypto payments. The growth in Coinremitter’s internal stats is showing positive signs, especially when we’re expecting a 14-17% CAGR. This may reach over 20% if the world starts normalizing crypto payments, which may be a game-changing moment for the crypto universe.

Conclusion

Coinremitter seems to be very selective in terms of providing features. However, most of them meet any merchant’s basic demands while accepting crypto payments. However, if we see the crypto payment gateway market, the projected growth is likely to happen accurately. But Coinremitter is putting extra effort into this, which may cause an exceptional rise in the market.

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