Jan 29, 2018
Currently, most merchants don't accept payments in
cryptocurrency, and those that do typically only accept one or two
coins. CoinPayments allows merchants to easily accept payments in
over 115 different cryptocurrencies. Through the platform,
merchants are not only able to choose which coins they want to
accept but can decide which coins they want to keep, and which
coins they want to have automatically converted.
CoinPayments offers both a hot wallet and cold storage, in order to
encourage users to keep their money in crypto. For this reason,
CoinPayments doesn't have any built-in way to convert crypto to
fiat–however, if this is necessary, the CoinPayments wallet can be
integrated with the CoinBase API to allow cryptocurrencies to be
converted to fiat.
The top 60 coins remain the same every month, while some of the
lowest performings are changed out every month. New coins can be
suggested and added through community votes, or coins can pay high
fees to be allowed access to the network on a test basis. Andrew
and Alex also discuss what they see as the future of digital
payments through the next 1-5 years, including their thoughts on
the creation of new coins.
For more information, visit www.coinpayments.net.