After Twitter accepted the purchase offer from Elon Musk, one of the biggest promoters of this financial technology, a revolution in the digital currency market which has helped certain virtual currencies to trace their latest returns. PaynoPaina Spanish technology company specializing in the development of online payment tools, explains which are the four cryptocurrencies that are giving the most talk and how including them among the payment methods can benefit any eCommerce.
Currently, we are going through the disuse of cash and new forms of payment such as cryptocurrencies are becoming increasingly important. On the other hand, the development of metaversecurrently considered the next step in the evolution of the internet, represents a new opportunity to position digital products and services. Paying with virtual currencies is a guaranteed trend for the coming years and to which more and more companies are joining.
One of the technologies that will be widely adopted in the metaverse will be the blockchain, which has shown great potential in recent years. It has a great capacity for instant confirmation of payments and information, with a high degree of security when making payments between peers (P2P) and has great adaptability in all digital payment methods. Although not yet widely used, the truth is that blockchain technology already has many followers who use it in their daily lives. Offering this type of digital currency as a payment method can be attractive to a wide variety of users. But what are the most popular cryptocurrencies that eCommerce should take into account to integrate them among their payment methods?
- Bitcoin: This is the most popular cryptocurrency today because it was the one that revolutionized the FinTech landscape. Its landing in the financial market gave rise to the creation of other projects such as NFTs. It was born in 2009 and is the largest virtual currency by its market capitalization.
- Ether: It is the second largest by market capitalization due to its innovations. Created in 2014, it is a cryptocurrency belonging to the famous Ethereum network, one of the most important in the world.
- earth (moon): This blockchain project aims at easy access to the creation of stable cryptocurrencies, but its price is anchored to that of well-known currencies such as the dollar. Soared in recent months, it once again outperforms the rest of digital currencies.
- Dogecoin: without a doubt, it is the cryptocurrency that is giving the most talk during the last week. The Dogecoin is a type of cryptocurrency that was born as a fun based on a meme of a Shiba Inu dog that became popular in 2013. It is one of the virtual currencies that have left spectacular rises after the announcement of the news that Twitter has finally accepted Elon Musk’s offer to buy the social network.
“Since its arrival in 2009, cryptos have become a trend in terms of payment methods. They have millions of users around the world and there are already more than 6,000 different types of cryptocurrencies. In Spain, there are currently more than 4 million people who use or own some cryptocurrency. Processing payments with cryptocurrencies means making use of one of the most sophisticated systems that provides greater security to both the user who makes the payment and the one who receives it. That is why it is a completely secure payment alternative that can help increase the conversion rate of businesses.“, Explain Jordi Nebot, CEO and Co-founder of PaynoPain.
Through a recent collaboration with Qori, users of Paylands, from PaynoPain, will be able to offer their customers the option of making payments with cryptocurrencies and receiving the transaction in euros or in any other currency in the company’s account, avoiding our businesses having to create a crypto wallet or having to worry about cryptocurrency management. This alliance will allow merchants to accept payments with cryptocurrencies such as Bitcoin, Ethereum, Dash, Litecoin, Ada and many others, supporting both centralized and decentralized cryptos.
