Summary: Crypto payment gateways allow businesses to accept cryptocurrency payments, but may be costly and risky.
From CoinTelegraph
March 27, 2025 10:37 AM:
Crypto payment gateways enable businesses to accept cryptocurrency payments, converting them into preferred currency and reducing transaction fees. They leverage blockchain for secure, faster transactions. Challenges remain in seamless conversion between digital assets and fiat. Gateways simplify this process, enabling efficient transactions. Custodial and non-custodial gateways offer different security and control options for businesses. Major banks are entering the stablecoin market for cross-border payments.
Although crypto payment gateways streamline transactions and offer transparency, they are not fully decentralized and may be more expensive than direct blockchain transactions. Operational disruptions or cyberattacks could pose risks. Merchants must ensure reliable, secure services to prevent potential threats. Major centralized exchanges like Binance, Coinbase, and Kraken offer payment gateways. Merchants must assess security, fees, and customer support when selecting a gateway.
Read more at Cointelegraph: What are crypto payment gateways, and how do they work?