Even though it started relatively recently, electronic money has earned exceptional popularity globally. Such factors aid it as the convenience of paying for goods in online stores, fast transaction processing, and the application of modern technologies to guarantee security. And among the most promising types of electronic money is cryptocurrency.
Since 2016, the aggregate market capitalization of cryptocurrencies has grown exponentially, and so has the global volume of cryptocurrency trading. Because of this, several payment companies extended to include crypto gateway services, and one of such companies is CoinsPaid. This company offers solutions for merchants across all business verticals, specialized more towards high-risk.
What makes CoinsPaid the best Crypto Processing Solution?
CoinsPaid is built to solve modern problems connected with payments, cryptocurrency exchange, and storage both for businesses and users. The company’s products include Cryptocurrency Processing and a Personal Wallet.
Based on an analysis held in April 2019, there are no direct competitors to CoinsPaid project. A lot of crypto wallets, processing services, and exchanges emerges, but no one has accomplished to cover all essential features that meet users’ expectations.
Among CoinsPaid’s best advantages are:
- Instant confirmation of transactions
- Accept Bitcoin and over 50 altcoins
- You can buy crypto with SEPA now and a debit card and will be added soon
- Direct fiat settlements and withdrawals to bank accounts
- Crypto processing fee is lower than 1%
- Loyalty program and cashback
CoinsPaid started in 2014 as an internal brand tool of Merkeleon that has been providing cryptocurrency payment services for businesses. The goal of CoinsPaid is to build a perfect Crypto Processing mechanism for business and an easy-to-use Cryptocurrency Wallet for individuals. They endeavor to connect cryptocurrency and fiat markets, delivering importance on security, reliability, and speed of processes.
CoinsPaid Competencies In Several Industries
CoinsPaid has already achieved far-reaching experience in three areas: online gambling industry, working with retail trade payments and giving payment solutions.
Gambling And Trading
These type of industries are the main focus of CoinsPaid’s activities, and they endeavor to meet the level of the primary expert in cryptocurrency payments for these types of businesses. The dedicated CoinsPaid team continuously monitors, assesses, and executes the functionality that suffices the unique needs and requirements of gambling and trading business and their end users. Some of their notable clients are mBit and BitStarz.
Retail Industry
CoinsPaid developed products to meet customers’ requirements, regardless of whether they want to purchase in a store, via the Internet, or by an application. They spend various resources on research and implementation of the best features that fit the needs of customers. With this feature, a business can issue an invoice to the client in the currency required at the same time transferring the funds to the seller in another currency suitable for performing the calculations.
Payment Service Provider
CoinsPaid explicitly recognizes what level of service partner payment systems. They believe that the connection between fiat and cryptocurrency payment solutions offers excellent synergy for both parties. Their service supports instant confirmation of transactions with transparent and secure funds. They also have extensive billing functionality and crypto-fiat exchange.
CoinsPaid Key Values
Security
This is one of CoinsPaid’s primary elements. Their team thoroughly examines and analyzes security issues. It has a dedicated security team that is committed in all perspectives of business processes, rendering a constant level of security. Their team monitors all system activity 24/7 to detect and counter any cyber attacks or fraud.
Scalability
The current load is instantly processed, assuring trouble-free operation and lightning-fast reply within industry standards. They have an efficiently developed product structure and additional bandwidth resources which are automatically heightened by the load balancer in a matter of seconds with Amazon cloud solutions.
Transparency
CoinsPaid provides transparent pricing and operations system. The client can easily track any activity that is reflected in the blockchain, as well as receive detailed financial statements on the circulation of funds in the system. At the same time, hashing functions and other security measures allow users to maintain anonymity. In the foreseeable future, the team plans to transfer all operations to a private blockchain, developed internally using industry best practices.
Latest Development
CoinsPaid is continually developing its services, technically and by guaranteeing customer service satisfaction.
Recently, they have joined Europol’s exclusive training for Cryptocurrency Crime Prevention last June 12 to 14, 2019. The said conference aims to share best practice and seek new partnership-building opportunities to fight the increase in cybercrime connected to digital currencies, as well as techniques for retrieving virtual assets robbed by hackers.
They also announced that they had integrated GAP600 to their platform to improve the solution’s functionality further and provide a competitive advantage. The company endeavored to incorporate a solution that could streamline and facilitate cryptocurrency secure transactions on the platform.
