Crypto Payment Gateway Development — A Secured Payment Solution in a Decentralized Network

A completely decentralized currency that lies outside the banking and government ecosystem might seem like a Utopian dream and something that would only appear in science fiction, but with the introduction of bitcoin in 2009, the decentralized digital currency was real. Aptly named cryptocurrency, it started growing in both value and popularity. The growing popularity and the benefits of the underlying technology called the blockchain have even led a lot of countries to contemplate the mainstream adoption of cryptocurrency.The acceptance of cryptocurrency as a mainstream mode of payment or an instrument of the transaction lies very much within the hazy territory of legality. On one side, there are governments like Malta and Gibraltar that support this new technology revolution because it offers the benefits of quick global transactions at a very low cost. On the other side, there are countries like China that have been vocal about their opposing policies towards Cryptocurrency and the various manifestations of the blockchain because it moves money outside the territory of censorship and regulation.Anything said it cannot be denied that cryptocurrency is gaining popularity with every passing day. There have been instances where Lamborghini was ready to accept bitcoin as a mode of payment, and more recently, although the statement was withdrawn after a very short shelf-life, even Tesla was ready to accept payments in bitcoin. It would not be long before the cryptocurrency is considered a proper method of payment.To facilitate those payments, much like how we have a payment gateway for fiat currency, there is also a need for a cryptocurrency payment gateway.What is a Cryptocurrency Payment Gateway?A cryptocurrency payment gateway, as the name implies, it’s a platform that can facilitate the payment for products or services using crypto coins. On the other side, it also interfaces with the wallet of the…