How Changes in Cryptocurrency Rates Affect PaymentsMichael
Changes in crypto rates are inevitable given the usual market forces. B2BinPay offers the flexibility to withdraw funds into Fiat quickly and easily, allowing users to minimise the effects of falling rates.
In recent years, the cryptocurrency market has been an attractive proposition for both individuals and businesses and it popularity continues to rise. It has done so on the back of the success of some of the most advanced cryptocurrencies such as Bitcoin, Ethereum and Litecoin, all of which have undergone massive growth in the last few years.
For this reason, many people have found themselves attracted to cryptocurrencies for the purpose of investment or trading, but as in any volatile market, there can be significant risks involved with the potential for losses. Like any market, the dynamics of the exchange rate is determined by demand and supply and several criteria such as news and the media can influence market trends in the short and long-term, causing the price of Bitcoin, for example, to plummet, as it did towards the end of 2017, or soar back up again as it did in more recently in 2019.
In terms of cryptocurrency rates, the short-term period may be of more concern as the market is sensitive to speculation and impactful news. Hence, those who have invested in, or are trading in cryptocurrencies need to be in a position to manage and cope with short-term swings. Payment aspects naturally come to mind, and will be a foremost concern in the event that there is ever a need to withdraw money quickly.
However, the payments need not be a deterrent for those involved in cryptocurrencies. Clients of leading crypto payments provider, B2BinPay for example, can rest assured that they will be able to withdraw money from their account quickly and easily should the need arise, thereby minimising the effects of falling rates. As reputable bitcoin to credit card payment gateway, users are also able to receive Fiat or other payment alternatives quickly, if say, the price of BTC falls – a reason in itself for choosing a recognised payment provider.
This is one of the main reasons why B2BinPay has emerged as one of the most in-demand cryptocurrency payment gateways.
More About B2BinPay
B2BinPay is an all-in-one global cryptocurrency payment solution that enables businesses to send, receive, store, exchange and accept cryptocurrency payments online, safely, securely and cost-effectively. It is a professional solution for businesses looking at how to accept bitcoin payments and other coin payments, with clients including forex brokers, cryptocurrency exchanges, hedge funds, online stores and a range of other merchants.
Payment Solutions for Merchants & Enterprises
B2BinPay offers solutions for both Merchants and Enterprises. Merchants can offer their customers various coin payments options such as bitcoin, bitcoin cash, ethereum, litecoin, dash, ripple, neo, nem, monero, B2BX and any ERC20 token all in one place. Features include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout.
Enterprise clients are able to receive, store and send a large range of virtual currencies such as Bitcoin, Ethereum, Ripple and Monero. B2BinPay enables global transactions between parties for a fraction of the cost of traditional online payment gateways. B2BinPay is highly automated with transaction speeds of less than 20 seconds and connection is possible in under an hour via a single API.
B2BinPay offers commission rates starting as low as 0.5% which are amongst the lowest fees in the industry and enables both crypto/crypto and crypto/fiat withdrawal methods. In addition, advanced reports are available with full transaction history, secure API, two payment modes; instant and daily payouts, fast deposit, straightforward KYC procedures and 24/7 technical support in Chinese, English, Spanish, Russian, Arabic and Greek.
B2BinPay unlocks access to cryptocurrency markets while offering users the flexibility to withdraw funds into Fiat quickly and easily. For more information about B2BinPay contact us at: [email protected]