NEM is a peer-to-peer cryptocurrency and blockchain platform often referred to as “the smart asset blockchain” which has gained a following in the crypto world. NEM evolved in March 2015 as a fork-out version of the NXT, another popular blockchain-based virtual currency and payment network platform and has its own cryptocurrency, called XEM.
Although XEM is not currently used by merchants as a means of payments to the same extent as Bitcoin, it has grown substantially in value and currently has the 26th highest market cap amongst cryptocurrencies. NEM directly targets the weaker points of the existing blockchains such as long processing time and network congestion which will boost its adoptability potential in the future. XEM itself, is nonetheless, becoming a highly sought after method of payment.
Thanks to the benefits offered by the NEM platform, XEM has risen in popularity, reinforcing the increasingly important part it plays as one of the leading cryptocurrencies. As a result, more and more people have been looking to make XEM payments for goods or services, fuelling the demand for payment related services.
To address the emerging needs of those looking to accept NEM payments, specific service providers are available for the purpose of facilitating the process. These types of transactions occur via a NEM payment gateway, a decentralised payment platform enabling merchants to accept NEM transactions, while offering the benefit of much faster transaction times.
The payment gateway providers mentioned have the technology in place to process payments via a NEM payment API enabling merchants and enterprises to integrate and accept NEM payments on their website. The API connects a company’s checkout system to a payment acquiring network, enabling users to make purchases without having to leave the website to process payments.
With the same payment infrastructure, payments can also be enabled via mobile app, and having access to real-time purchasing data means a business can make informed decisions which is important when planning your future business strategy.
Accepting NEM on your website makes good sense at it enables you to capitalise on current and future trends while reaping the rewards when it comes to your business’s bottom line. Furthermore, providing NEM as a payment service will help you stand out against your competitors. Integrating a merchant account to enable NEM transactions is a fast and easy process that just requires a quick initial set up, then you’re ready to start accepting.
B2BinPay is a leading NEM 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 NEM 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 NEM. 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 NEM 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 and set you apart from the competition!