Accept DAI Payments

Stablecoins are cryptocurrencies that seek to avoid wild price swings, basing their value on more stable underlying assets instead, usually traditional currencies or commodities. DAI, however, differs from others in that it uses Ethereum, a volatile digital currency to maintain a steady value.

In a similar way to Bitcoin, DAI seeks to power a digital economy whereby users can bypass banks and other financial institutions to transact directly with one another. DAI is pegged to the USD dollar and locked in publicly-viewable contracts stored on the blockchain.

Users trust DAI as the Ethereum locked in the contracts always exceeds the value of DAI in circulation. When DAI’s value strays too far from the dollar, balancing mechanisms kick into place and guide it back. As yet, DAI is not yet entirely decentralised and it’s technology is overseen by Cayman Islands-registered Maker Foundation. DAI has performed well in the business world, better than many cryptocurrencies and although it has so far been mainly used for speculation, it is expected to become a popular cryptocurrency payment method for customers who want to pay for goods or services in this way and want to find merchants that accept DAI.

Due to its popularity, businesses wishing to accept DAI payments can turn to specialised providers to facilitate this process, allowing them to offer their clients a cryptocurrency payment gateway. This is also known as a DAI payment gateway, a decentralised payment platform which enables merchants to accept DAI transactions. One of the key benefits of this type of digital payments is that the associated transaction costs are a lot lower than the usual, more traditional payment methods. There are also other benefits.

Providers of the kind mentioned allow businesses to process payments via a DAI payment API so that they can integrate and accept DAI payments on their website. The payment API connects a company’s checkout system to a payment acquiring network so that customers can purchase from you without the need to leave your website to process payments.

This payment infrastructure can also be used to allow mobile app payments and will give you access to real-time purchasing data, placing you in an ideal situation to make more informed decisions that will help drive your business further towards success.

Accepting DAI on your website will enable any business to capitalise on the new trends and cater for existing and future consumers. You can secure your growth by providing a payment service that is not being offered by your competitors, giving your business the edge. Getting started is straightforward and the recent popularity of DAI has made the task of integrating a merchant account fast and easy. All that is needed is an initial set up, then you’re set to go.

B2BinPay is arguably the best payment processor for crypto in the industry with solutions for Merchants and Enterprise clients. It enables businesses to send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and cost-effectively across the world in minutes.

As a leading merchant processor, B2BinPay, enables merchants to offer their customers DAI and more as a payment option. Features include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout.

Enterprise clients can receive, store and send a large range of virtual currencies, including DAI. A secure, reliable and scalable wallet solution from a reputable, industry-leading cryptocurrency payment provider, features include secure API, automatic withdrawals for clients and a sandbox environment for development teams, over 888 coins and tokens supported and advanced real-time reports, together with 24/7 technical support in 7 languages including English, Chinese, Japanese, Arabic, Spanish, Russian and Greek.

Integrating B2BinPay is the ideal business choice for accessing the cryptocurrency markets quickly and facilitating global DAI and other crypto payments including Bitcoin payments. As one of the best cryptocurrency payment processors, its expanding user-base includes over 100 cryptocurrency exchanges, forex brokers, online stores and a range of other merchants. Set up an account today and introduce a new payment mode that will benefit your existing clients, gain you new clients, save on costs and set you apart from your competitors!