Stellar is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value at a low cost, while being an open financial system aimed at providing access to low-cost financial services. Stellar is able to handle exchanges between fiat-based currencies and between cryptocurrencies.

Stellar’s native cryptocurrency, lumens (XLM) performs a number of functions on the network. It can be used to pay for transaction fees, as well as acting as a bridge to enable users to trade between multiple currencies. As Stellar greatly reduces the cost and time required for cross-border transfers, it has become a highly sought after method of payment.

Stellar’s popularity has seen it rise to 10th position in terms of capitalisation on coinmarketcap.com, reinforcing the increasingly important part it plays as one of the leading cryptocurrencies. Its advantages have fuelled a growing number of people wanting to make XLM payments for goods or services, and increased the demand in the market for payment related services.

To address the emerging needs of those looking to accept XLM payments, specialist companies can be called on to facilitate the process. This occurs via a Stellar payment gateway, a decentralised payment platform which allows merchants to accept XLM transactions, offering the benefit of greatly reduced costs and faster transaction times.

Payment gateway providers have the technological know-how to process payments via a Stellar payment API enabling a business to integrate and accept Stellar payments on their website. The API connects a company’s checkout system to a payment acquiring network, allowing customers to make purchases without having to leave your website to process payments.

You can also use the same payment infrastructure to enable payments via your mobile app. Having access to real-time purchasing data, means you can make more informed decisions which is a necessity when planning your business’s future strategy.

Accepting Stellar on your website is a wise business choice which enables businesses to capitalise on the current and future trends. Furthermore, providing Stellar as a payment service will help set you apart from your competitors. Integrating a merchant account to enable Stellar transactions is a fast and easy process that just requires a quick initial set up, then you’re ready to start.

B2BinPay is a leading Stellar payment provider/processor that offers 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.

With B2BinPay, merchants can offer their customers Stellar and a large range of other cryptocurrencies 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 Stellar. 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 best way to access the cryptocurrency markets quickly in order to facilitate global Stellar and other crypto payments. Its expanding user-base includes over 100 cryptocurrency exchanges, forex brokers, online stores and a range of other merchants.

Open an account today and introduce a new payment mode that will benefit your existing clients, get you new clients, save on costs and set you apart from your competitors!