CRYPTOCIES

Worldpay Vs Remuno: Are Crypto Payment Processors The Future?


While WorldPay has found great success in processing fiat payments for companies of all sizes, there is a significant market that the platform is missing out on: cryptocurrency.

Crypto is an industry that has an estimated value of over $3 Trillion, with this number only set to rise as more tokens enter the market and more innovations advance the technology. As such, having a way to utilise cryptocurrency in a businesses model is becoming more and more crucial.

However, for businesses outside of finance and technology, how to incorporate crypto into their business model may not be obvious. This is what crypto payment processors are eliminating.

Remuno is one such crypto payment processor, taking the task of bringing crypto to the wider commerce market by introducing an API that businesses can integrate onto their website that allows for payment to be taken in crypto rather than fiat.

What sets Remuno apart from other crypto payment processors is its simple set up, which requires only three steps. This simplicity means that it can be easily integrated onto practically any website, even if the website owners have very little experience with cryptocurrency.

While this simplicity makes Remuno specifically a great crypto payment processor for expanding the usage of crypto in these commercial online spaces, using crypto as an alternative to fiat payments in and of itself also provides many advantages for businesses.

One of the biggest advantages that crypto payments bring to the table is reduced transaction fees.

It is fairly well known that one of the biggest killers of online transactions are the additional fees found at the end of the process. For credit card payments, these can come to roughly 2 -3 % of the transaction value, plus whatever additional taxes and fees are added on top.

With crypto however, transaction fees have the potential to be microscopic, costing only a fraction of a cent on blockchains like Solana (SOL). This means that, for customers debating if a payment is worthwhile, they are more likely to follow through with the process when done with crypto, as opposed to fiat.

Simply, this could be massive for businesses. And with Remuno giving customers access to 95% of all tokens at checkout, the possibilities it could bring to a business are endless.

Is Remuno the future of payment processors? Only time will tell.





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