A crypto payment processor is a service that allows merchants to accept payments in cryptocurrency. It acts as a bridge between the buyer, seller, and the blockchain network. When a customer makes a purchase using cryptocurrency, the payment processor securely processes the transaction and verifies it on the blockchain.
Once the payment is confirmed, the processor converts the cryptocurrency into the merchant’s preferred fiat currency, which can then be deposited into their bank account. This helps merchants overcome the volatility of cryptocurrency prices and allows them to easily accept digital payments.
Crypto payment processors offer various features such as instant settlements, low transaction fees, and the ability to accept multiple cryptocurrencies. They provide a convenient and efficient way for businesses to accept cryptocurrency payments without having to directly deal with the complexities of blockchain technology.
