INTRODUCTION
Paper money, aka fiat currency, came into vogue and disrupted the conventional barter trade system. Like a colossus, it dominated the global financial scene for long.
Then, in 2009, a major shift came into place to disrupt the system for good. One Satoshi Nakamoto triggered the chains of events that led to the launch of the first cryptographic currency – Bitcoin (BTC).
Bitcoin (BTC) charted the pathway for the launch of more cryptographic currencies. After the skepticisms and back and forth moves, cryptocurrencies were accepted into the global payment system for use in some sectors.
GLOBALIZING CRYPTO AND FIAT INTEROPERABILITY
Amid the restrictions and kickbacks that resulted in the delayed use of cryptocurrencies, only a few people looked for how to use fiat currencies and cryptocurrencies at the same time.
It seems that the solution is now at hand that PayAccept has been launched. This is the decentralized payment system that will enable the use of fiat currencies/paper money and cryptographic currencies/digital money at the same time.
HOW DOES IT WORK?
The first approach to the interoperable fiat and crypto transactions is to create an all-inclusive ecosystem. This will be the rallying point for the investors from both sides to come together to chase a common goal.
FEATURES OF PAYACCEPT
PayAccept is indeed committed to pushing for the interoperability of digital and fiat transactions. That is evident in some of the packages, as can be seen below:
PLUGINS AND INTEGRATIONS
Many websites and online-based platforms are now using different payment processors like PayPal, Stripe, VISA, MasterCard, and Bitcoin.
The time has come for the use of more cryptocurrencies. That is the first feature you will like about PayAccept. This payment processor allows you to integrate the PayAccept payment solution into your business in various ways, such as plugins and integrations.
The integration can be done in many ways, such as:
- Embeddable invoices
- Payment buttons
- A hosted checkout
CRYPTO TO FIAT INTEROPERABILITY
To bolster the integration and interoperable of cryptocurrencies and fiat currencies, PayAccept allows for the connection to be made via the dedicated bank accounts of the users.
What this implies is that you can connect your traditional bank account to the PayAccept payment network so there wouldn’t be hitches in moving the funds to and from your bank accounts and PayAccept wallet.
FINAL THOUGHTS
The interoperability and the use of cryptocurrencies and fiat currencies have become easier now that a decentralized payment solution like PayAccept is there to help.
USEFUL LINKS
Website: https://www.payaccept.net/
Telegram: https://t.me/payaccept
Twitter: https://www.twitter.com/payaccept
Btt Bounty Thread: https://bitcointalk.org/index.php?topic=5255787.0
AUTHORS DETAILS
Bitcointalk Username: Zimzam
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2846365;sa=summary