Cryptocurrency as payment? | CoinGate.com- A Way To Accept Cryptocurrencies As Payment

Hello Steemians,

Today I am gonna share one of my ideas on how we can use cryptocurrencies as a medium of payment in our businesses. I already answered some of the questions related to my crypto experience in my previous post. Therefore, I do not want to do duplicate writing, so we go straight to our today's topic.

Challenge 1: My favourite Cryptocurrency, how can we get businesses to accept it as payment?

As I said in my previous post that Steem in my favourite Cryptocurrency. So my main concentration is on "how we can use Steem as payment in Businesses?" I deal only with Steem and SBD, so I would love to shed light on developing more options in Steem itself.

After my search on Coinpayment.net, I came to another option where we can use Cryptocurrencies for payment on several businesses. So, my today's topic is about CoinGate.com. Are you familiar with this name? If not, then you're in right place to get brief knowledge know about this website.

About CoinGate.com

CoinGate is a Lithuanian-based fintech company founded in 2014b by Jonas Gilys, Dmitrijus Borisenka, Irmantas Baciulis. The company is a cryptocurrency payment gateway, enabling various businesses worldwide to accept numerous Cryptocurrencies. Currently, They serve thousands of merchants globally and support over 50 cryptocurrencies, including Bitcoin, Litecoin, Ethereum and others.

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Supported Cryptocurrencies on CoinGate

As I said CoinGate supports over 50 cryptocurrencies, including Bitcoin, Litecoin. You can see the full list of supported currencies below.

^{Supported Currencies (Source)}

As of now, Steem is not supported on the CoinGate website. But it would be great if we also get the option of Steam in their payment gateway in the future.

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Supported Countries on CoinGate

CoinGate services are available in most parts of the world, but the company does not provide merchant services in the U.S. CoinGate supports more than 100 countries, to check, go to "Supported Countries" section or Click Here

^{Supported Countries (Source)}

It's not possible to cover all information in this screenshot, so I recommend you to visit on the above-given link if you want to know if they provide service to your country.

All of the above brief information aimed at understanding more about the supported currencies and supported countries on CoinGate.

Now I directly came to our main topic of discussion "how can we get businesses to accept cryptocurrencies as payment?". So let's get deep into the topic to understand how CoinGate can help in this.

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CoinGate's Products

The company brings cryptocurrencies closer to mass adoption by offering several methods to set up cryptocurrency payments for any website or physical store listed on the site. To know, what they provide just click on the "Products".

^{Products by CoinGate (Source)}

As you can see in this image that this section is divided into 4 parts to i.e. Accept Crypto Payments, Buy & Sell, Merchant Dictionary, Gift cards. So let's get deep into this topic to understand their products.

Accept Crypto Payments

In this tab, You can see the detailed information of acceptable currencies and they explained, how this service works, in a simple manner. If you're looking for crypto payment gateway for your business then please go through this section.

^{Source of Screenshot}

Buy & Sell

As the name shows, this section works exactly safe for buying & selling Crypto directly from/to your wallet. You can only exchange currencies that are accepted in CoinGate and Steem option is not available for now.

^{Bank Payment (Source of Screenshot)}

You can also buy crypto with your mobile balance, as mentioned on this website. However, I haven't tried this feature so please read their T&C before going further.

^{Mobile Payment (Source of Screenshot)}

Merchant Dictionary

This section provides information on all merchants that integrated with CoinGate. Not every merchant accepts every crypto coin so check if before you proceed. You can search by merchant name or with the category.

^{Source of Screenshot}

Gift Cards

This section allows you to buy listed Gift Cards of numerous offline & online stores by Cryptocurrencies as well as by Credit/Debit cards. But here we will discuss Crypto payment option. So in this section, we have many gift card merchants options such as Amazon, eBay, PizzaHut, Google play etc. you can buy any amount of GC you want, I tried fraction numbers too.

^{Source of Screenshot}

Fees

All you need to know about fees and charges are shown in this image.

^{Source of Screenshot}

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So that's all from my side on this week's challenge. CoinGate seems to be a very good alternative to using crypto as a form of payment as it allows for large scale adoption by offering multiple methods for setting up cryptocurrency payments for many websites.

I'd love if Steam integrated with CoinGate to offer more as payment options.

From a business point of view, CoinGate is a good source to expand your business and accept crypto payments. This will give a big boost to your business as well as the crypto market.

Thank you,

All the information are gathered by myself from CoinGate.com & all of the screenshots are taken from CoinGate.com.

E&OE

Cc:-
@steemitblog,
@steemcurator01,
@steemcurator02,

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