DEV Community: 0Xprocessing

Creating a Crypto Business. Where to Start, What to Choose and How to Be Successful

0Xprocessing — Fri, 28 Oct 2022 10:51:23 +0000

The first thing that comes to mind when we talk about earning money on cryptocurrencies is trading virtual assets. Even though it is possible to earn an income, it is not the only option. Cryptocurrencies and blockchain offer a wide range of possibilities for creating different kinds of businesses.

In this article, you will learn what you need before starting a business, what business ideas are trending, and how to launch a crypto project on example of crypto processing.

First Steps to Crypto Business

Decisions made spontaneously often lead to miscalculations. That’s why it is important to be prepared when starting a business. It is necessary to carefully research the market, choose a jurisdiction and, of course, understand where to take the initial capital. But first things first.

1. Market Research

Is it profitable, relevant to do what you have in mind? What are the risks? Where are the conditions most favorable? This and much more should be kept in mind in advance.

Obviously, you do not need to open a business in China, for example. Look for more progressive states with an affinity for digital currencies. Switzerland is also often referred to as a crypto country because of its easy launch of a company and its loyal attitude towards cryptocurrencies. Moderate taxation is also a plus.

2. Legal Aspects

If you have decided with the country, the next step is reasonable to consult a lawyer and take into account all the specifics of the legislative regulation of the sphere. So you will be able to assess the risks and conduct further work without fear.

3. The Initial Capital

The initial capital depends directly on the idea that you want to implement. That is, if it is, for example, trade for bitcoins, you need about 20 thousand U.S. dollars. If it is something more ambitious, like mining, the starting amount can be up to 700 thousand dollars.

In any case, you need capital. And it can be found, for example, through credit institutions. One of them is Unchained Capital in the U.S., providing a loan for up to 2 years. Also do not forget about investors, crowdfunding platforms, which now are quite a few.

6 Business Ideas to Make Money on Cryptocurrencies

You can make money in the crypto industry in different ways: somewhere you need to establish a company and assemble a whole team, somewhere the income can be passive, and some ideas do not involve any serious investments at all. We will tell you about them all below!

1. Mining

The most common way to make money. You can mine digital coins in two ways: through cloud or hardware mining. The first one is the easiest. With it, you pay a contract with a mining hotel that rents out equipment, and in return you get some of the mined coins. But you need to be careful when choosing an organization: carefully study the company, the contract terms and reviews of the other participants, in order to not get run into scammers.

Hardware mining is divided into individual and pool mining. It also involves buying equipment on your own. Mining coins alone is a very complicated and expensive process where you get all the profits, but the mining process itself can be long. That’s why most often miners join together in pools, where tasks and profits are shared among all participants. The costs here are relatively higher, but the profits are also considerable. After all, the more coins you get, the higher the income will be while they are growing. Besides, you can put your equipment in a mining hotel and earn there.

Initial capital for hardware mining is earned through ICO campaigns. Many also consider borrowing options and affiliate programs for those who also want to have a business in this niche.

2. Crypto Projects Using B2B Model

The point of this business idea is the following: a company works in a certain cryptocurrency sector, offers goods or services and receives income from it. Example: creation of a crypto processing service that allows a business to accept payments in digital currency from customers. The niche is just gaining popularity among both sellers and contractors, as well as those who want to make money by creating their own crypto processing service. At the end of the article we have painted what you need to create such a service.

We should note that it is necessary to treat the implementation of such projects more thoughtfully. It is about the initial capital, which is not always easy to attract, about the relevance of the product and the timing of development. In some industries, everything is quite predictable, but working in volatile areas, such as DeFi, requires flexibility. Nevertheless, development of such crypto projects can be quite profitable.

3. Crypto Exchange

A good crypto exchange can bring millions and even billions of dollars to its owners. You can either develop it from scratch or buy a ready-made solution.

The first option is quite time-consuming, but quite feasible. It is very important when creating any platform/site to pay attention to its functionality and security, because breaking the platform where the assets of its users are stored will be literally the point of no return. The users will lose money and will stop trusting you. That’s why you need to take care of data protection first.

Don’t forget about user-friendliness — the platform will gain if the services can be used effortlessly, and the interface will be friendly. All this can be done with the help of a powerful team of developers, analysts, marketers and executives with extensive experience in the niche.

White label, or a ready-made solution, is a more expensive but easier way to start making money. Essentially, you’re buying a ready-made product that all you have to do is run it. In addition, the working crypto exchange can be given for revision — to add some functions of your own, for example. This approach will be cheaper than creating a platform from scratch. This option will be ideal for those who value every second of their time.

4. NFT

You can make money on NFT without any serious investments. The secret of high income here is simple enough — to invest in new collections before their price rises. This was the case with CryptoPunks. Five years ago, the price of NFTs ranged from $1 to $34. Four years later, just as the sector became popular, the price has risen by a factor of tens or even a million.

In order to find new collections, you can track down little-known but up-and-coming art creators. Being savvy on the subject will help you find a successful NFT. And here are the services where there are projects that are only planned to be sold:

Twitter;
Rarity.Tools;
RaritySniper;
NFT Catcher.

5. GameFi

An equally simple idea of making money from cryptocurrencies is GameFi. For the last year it has been almost at the top of the trend lists — and for good reason. Essentially a mixture of game mechanics, cryptocurrencies, blockchain technology, and NFT, GameFi allows you to make money while playing the game.

You don’t need to create your own company and act like a traditional business to do so. Income here is determined by your experience and strategy. With zero knowledge, you can start with less complex games like Axie Infinity. To start playing and earning, you need to create two wallets: one MetaMask and another — Ronin for further transfer of game currency into cryptocurrency, then set up an account and purchase the first axes. You can log in to the game on either a PC or mobile device. For every win, you get a reward in the form of SLP tokens, which can be converted into cryptocurrency or fiat money.

6. Brand Ambassador

Many crypto projects appear today, all of them need brand ambassadors who will tell other users about their products or services. This is done through an ambassador program, where a person uses the product themselves and shares its benefits with the other audience. With this, a referral link is left for new users. Often, the number of clicks on it determines the income of such a person.

Any person who fills out a form on the website of a cryptocurrency company can take part in such a program.

Your Own Crypto Project. How to Create a Crypto Processing Service

A large number of people over the past few years have started using virtual assets and want to pay for goods or services with them. Moreover, this method of payment is more profitable for the sellers themselves — lower fees, no chargebacks, access to the international arena and much more. Crypto processing service is indeed in demand from both sides. But it takes a very time-consuming way to get it up and running. Let’s tell you briefly what you need to do.

Step 1. Create a strategy to attract customers. This includes methods, brand positioning techniques, using different types of tools, channels to attract the audience.

Step 2. Choose a model of work: “crypto-fiat” or “crypto-crypto”. The first model allows you to convert digital money into fiat, the second — into a specific cryptocurrency, most often it’s stabelcoin.

Step 3. Choose crypto assets. If you choose the “crypto-crypto” model, analyze future assets, look at the history of the currency, how the security is constructed and other aspects. If the “crypto-fiat” model, you need to select traditional currencies.

Step 4. Find a team. The scope of work is large, so you can’t manage without programmers, financiers, lawyers, marketers, sales managers and tech support specialists.

Step 5. Select a liquidity provider. Providers can be brokers, stock exchanges or a single liquidity pool.

Step 6. Choose a way of realization. Decide whether the service will be developed from scratch or you are interested in an already existing solution.

Step 7. Contact banks and payment systems in order to conclude an agreement. Cooperation with financial organizations is necessary when working with fiat money.

Step 8. Plan expenses. There are many costs to include in this category: developing or paying for a ready-made solution, employee salaries, marketing, and more.

Step 9. Set fees for customers. Most often with the “crypto-crypto” model, the fee is no more than 1%, but with the other model, it may be higher. Received funds go to pay for the license of the payment system and liquidity provider.

In addition, do not forget about the first steps described in the beginning of the article — analyze the market, choose a jurisdiction and learn the specifics of the legislation of the country. All this is important, and with proper management will help bring your business to a solid profit.

Is it necessary to create a crypto processor from scratch? Absolutely not. Moreover, if you already have a business, it is not necessary to develop a whole service for accepting crypto payments — it will be expensive and long. Instead, you can buy a ready-made solution or integrate cryptocurrency gateway 0xprocessing to your platform/site quickly and without any difficulties.

0xprocessing helps you quickly and securely accept more than 40 popular cryptocurrencies. It suits businesses of any type, and it doesn’t matter if it’ e-commerce, a gaming platform or anything else. Its services can be customized, but we don’t recommend to miss out all the opportunities this service has to offer:

Web3 processing — the ability for customers to pay for a product/service through a Web3 wallet;
Agency processing — accepting cryptocurrency in the countries, where there is no access to the world banks or where popular payment systems do not work (Visa, MasterCard, etc.);
Recurring payments — retention of regular clients;
Automatic volatility risk control system — saving the received amount in one of the stabelcoins supported by the service.

You can contact 0xprocessing here:
http://0xprocessing.com
https://t.me/OxProcessing_bot

How to Organize Crypto Payments in Your Business

0Xprocessing — Fri, 07 Oct 2022 15:43:30 +0000

More and more news about the acceptance of cryptocurrencies by stores of major companies is seeping into our lives. McDonald’s customers in Switzerland pay in BTC and USDT, Gucci stores in the U.S. use the top 10 digital currencies to pay for goods, Starbucks also accepts Bitcoin to buy a cup of coffee in the morning. And there are a large number of such examples around the world. Obviously, the demand for virtual coins is growing, so businesses are starting to work closely with them.

A distinctive feature of crypto payments from traditional ones is their unrestrictedness. It is possible to transfer funds without intermediaries to any state. But, besides this, there are other advantages:

minimal fee for transaction processing;
high speed of transfers;
cross-border payments at any time — 24/7;
protection of personal data due to blockchain technology
no chargeback.

How to Accept Cryptocurrencies?

This is a fairly easy process, reminiscent of the Internet acquiring we’re used to. On the website of the company providing goods or services, you need to integrate a cryptocurrency payment gateway — software that performs the tasks of transferring and receiving cryptocurrencies from buyers.

The buyer, after deciding on a purchase on the site, chooses a cryptocurrency payment method and pays for the goods using a special web interface.

There are several payment options: by QR-code, by wallet address or via Web 3.0 wallet. The option of payment via Web 3.0 wallet is currently available only at one service — 0xprocessing. Besides payment for goods, the implementation of Web3 processing allows you to configure the automatic disbursement of salaries to Web3 wallets of employees of the company.

Using the service simplifies the payment process and protects against volatility. In fact, no matter how unstable the currency is, once it is transferred to the merchant’s account, it retains its value due to conversion into stablecoins supported by the service.

In order to connect a cryptocurrency payment gateway, you need to submit an application on the service’s website, wait for its approval and implement the software on the site.

There are many services on the market today. We recommend to start with 0xprocessing. It is a multifunctional and progressive provider of cryptocurrency payment services, offering more than 40 top cryptocurrencies, agent and Web3 processing, as well as recurring payments and automatic volatility risk control system.

Contact 0xprocessing:
http://0xprocessing.com
https://t.me/OxProcessing_bot

Cryptoprocessing: Pros and Cons

0Xprocessing — Fri, 30 Sep 2022 09:01:00 +0000

As people around the world learn more about cryptocurrencies, the more people are interested in paying with digital coins. Fiat money against cryptocurrencies does not look so attractive anymore, because the latter allow to make payments faster and relieve business from a significant part of operational expenses — fees. Cryptoprocessing is used for this purpose. In this article, we will consider pros and cons of this method.

What is cryptoprocessing

It is a payment instrument in which cryptocurrencies act as a payment method. However, not all digital assets are used, but the most popular ones like BTC, LTC, ETH, and others.

Cryptoprocessing provides acceptance and processing of cryptocurrency transactions, acting as the only intermediary between the buyer and the seller.

The obligations of such a service include accepting digital coins from the buyer, transferring them to the merchant’s wallet, and exchanging the received funds into fiat money or stablecoins — coins tied to a fiat currency (e.g., the US dollar).

Just like traditional processing, crypto processing includes a payment gateway. It is the one that is integrated into the merchant’s website or a platform. Thanks to the gateway, all cryptocurrency payments are automated.

The benefits of cryptoprocessing

Among all the benefits of crypto processing, there are four that are most important to businesses.

Attracting new customers. Consequently, increasing company sales. Digital assets are not tied to any particular country, so you can accept them from anywhere in the world.

Transaction success. Chargebacks, failed transactions are a frequent problem companies deal with when using fiat. Blockchain technologies used by cryptoprocessing do not allow chargebacks, and the payment always successfully reaches its recipient.

Beneficial cost of fees. Crypto processing charges a small fee for a transaction due to the fact that there are no intermediaries other than the service itself. For example, cryptocurrency processor 0xprocessing charges from just 0.4% for a transaction. As a result, the seller will get more for selling goods in cryptocurrency than for paying by banking card.

Disadvantages of cryptoprocessing

Crypto processing is always looking for quality service, trying to solve certain problems. However, before integrating crypto payments, a merchant should still be aware of all the pitfalls that can be encountered.

Fluctuating cryptocurrency rates. The rate of digital assets is somewhat more prone to volatility than the same dollar exchange rate. Cryptoprocessing has solved this disadvantage by allowing you to convert cryptocurrency right into fiat or stablecoins.

Blockchain network scalability. Compared to VISA, cryptocurrency transaction processing is much lower. VISA can process 24,000 transactions per second, while the bitcoin network can only process 4–5 transactions. Other networks can do more, such as EOS processing more than 4,000, but it’s still small.

Government regulation of cryptocurrencies. Not all countries make it legal to accept payments, but most states treat crypto assets positively.

Conclusion

Crypto processing is a solid solution for businesses of any model. If you want to connect cryptocurrency payments, choose a crypto processing that will be exactly right for you in terms of conditions. In this regard, 0xprocessing is the most technological and convenient cryptoprocessing.

The service offers favorable conditions for clients: more than 40 popular cryptocurrencies, volatility risk control system, free integration and full support at all stages, which means the seller does not need to understand technical issues.

Moreover, today this is the only provider that offers support of Web 3.0 wallets, which make payment process easier for your customers.

Learn more here:
https://0xprocessing.com
https://t.me/OxProcessing_bot

3 types of crypto payments. How does Static Wallet, fixed and non-fixed amount deposits work?

0Xprocessing — Fri, 23 Sep 2022 15:34:47 +0000

Accepting cryptocurrency payments, merchants save on transaction fees due to the low fees of cryptocurrency processing services. Many of them allow you to accept digital coins using more than one type of payment. Let's take a look at what types of payments exist and how cryptocurrency payments are accepted.

Depending on the business area, a crypto processing service can offer you three types of payments:

Deposit with a fixed amount.
Deposit without a fixed amount.
Static Wallet.

Let's take a look at the payment process for each one.

Deposit with a fixed amount. This method is popular among online stores and is used when it is necessary to pay an exact amount for a product or service. It's easy for the customer of the store to make the payment. Thus, if you integrate the gateway 0xprocessing, the payment process takes only 3 steps:

Selecting the payment method — 0xprocessing.
Choice of cryptocurrency and payment amount in it (or equivalent in fiat currency).
Payment in the payment form as iFrame or by link via QR code, wallet address or via Web3 wallet, by clicking on the Connect Metamask button.

The waiting period for payment is 30 minutes. If all goes well, the received funds go to the storage of the seller's account or to 0xprocessing Hedge Fund, where the cryptocurrency is automatically converted into stablecoin. Reaching the minimum amount set in the store account settings, the stablecoins are sent to the vault. Then they can be withdrawn into fiat using third-party services.

If the client did not have time to make a payment or closed the payment form, he simply creates another deposit with a new wallet address for payment.

Deposit without a fixed amount. The opposite side of the deposit with a fixed amount. It differs in that the customer can deposit an unlimited amount to pay for a service, just like a cell phone bill. Deposits without a fixed amount are popular in iGaming, the gambling industry, and betting platforms precisely because of the convenience of making payments. They can be integrated into a store's payment window.

Using a cryptocurrency payment gateway, the payment process is as follows:

A balance is replenished on the merchant's website.
Payment method and cryptocurrency is selected.
Funds are deposited in the payment form by QR code or wallet address.

Besides, at the merchant's discretion, it's possible to enable notification to the client about the status of the transaction. The merchant receives funds if the customer makes a payment over the minimum amount and transfers funds in the correct currency within 30 minutes of the payment process.

The merchant only needs to create and execute a payment form on its platform, which contains the data for payment.

Static Wallet. This is a new method of integrating deposits, presented in 0xprocessing. It allows you to create wallets for your customers with a permanent address. It's very convenient because with every new deposit — no matter if it's with a fixed or non-fixed amount — the wallet address always changes. With Static Wallet, it stays unchanged.

In order to use a static wallet, the client does the necessary steps:

Replenish balance on the merchant's site.
Creates his wallets for different cryptocurrencies in personal account and replenishes any of them.
Transfers amount by QR code or wallet address.

Client can be notified about transaction status by merchant's decision. After replenishment, any amount in the currency assigned to the wallet is credited as a successful replenishment of the customer's balance.

All three types of payments represent a convenient payment process. Deposits without a fixed amount and Static Wallet are ideal for iGaming, and fixed amount deposits for e-commerce. You can also expand your options and add Static Wallet to deposits with fixed amount to make the payment process easier for you and your customers.

You can get it on 0xprocessing, one of the few processors that's rightfully called technological and advanced thanks in large part to its unique features: agency processing, recurring payments, and Web3 wallet payments.

You can learn more about the company at https://0xprocessing.com/, or in the TG-bot - https://t.me/OxProcessing_bot.

Recurring payments. What benefits does it have for business and what is it?

0Xprocessing — Fri, 16 Sep 2022 15:09:43 +0000

Recurring payments previously were used by cellular operators and banks. Today the technology has become more accessible, and even the owner of an offline store can connect it. Let’s examine what recurring payments are and see what features this function gives businesses.

What are recurring payments

It is a periodic withdrawal of funds from a customer’s account in exchange for access to a product/service. Recurring payments are often called auto-payments. To make it easier to understand how it works in business, here is an illustrative example. There is Yandex Plus subscription from Yandex. Users switch it on by entering their banking data. After that there is an automatic monthly charge and renewal of access to all the services of Yandex. This continues until the subscription is cancelled by the client.

Recurring payments are actively used in different spheres of business: from the sale of software (for example, Adobe) to the gathering of donations from charitable organizations. What are they used for? There are several undeniable advantages.

Time and money savings

Recurring payments help save on service costs and automate regular customer service.

Long term relationships

The customer buying cycle increases with autopayments. Your business can interact more than once with a customer, building a loyalty.

Increase engagement

Using subscription payments, you can make cross-sales, meaning you can sell an additional assortment to a customer who is already loyal to the company.

Growing new customers

You can also bring in new customers through recurring payments. For example, build a path where you first sell either a not very expensive product or service, or make a big discount on the first purchase. The next autopay would be 100% of the cost of the product or service.

Competitive advantage

Although recurrency payments are used extensively, they are not used everywhere. But it is possible to implement them even in offline business: you can place a printed QR-code near your cash register to the link with a subscription. This will give you a significant advantage over your competitors.

Repeat payments have one nuance — complaints from customers about charges. This happens when the customer doesn’t notice the information about the recurring payment. In the case of recurring payments, the client’s consent is mandatory. It can be obtained, for example, by placing information about recurring payments in a prominent place. Or you can add a checkbox when paying. The main thing is for the client to see and confirm that he agrees to automatic debit.

Today, recurring payments can be made in several ways:

Banking card
Payments can be made through a bank, a payment service or a special module. In the first two cases, you need to invite a programmer to create a billing, which is not very fast and cheap, and installing the module may not work for everyone.

Web3 wallet
Payments are deducted automatically from the balance of the Web3 wallet. The amount and period of the subscription is predetermined and stored in a smart contract until cancellation.

Web3 wallets are used by a huge number of people, so for businesses it is a valuable and relevant tool that helps to accept funds from literally any corner of the planet. Using this method in the crypto space has become available thanks to 0Xprocessing. This service has been running for two years now, constantly processing feedback, improving and adding features that allow you to get the most out of accepting cryptocurrency payments. Moreover, the integration with 0Xprocessing is free.

It’s currently the most technologically advanced and convenient crypto payment service. Learn more about the company at -https://0xprocessing.com/ or in the TG bot — https://t.me/OxProcessing_bot.

Top 5 Crypto Processing Service for Business and Its Main Features

0Xprocessing — Fri, 09 Sep 2022 15:01:30 +0000

Today the payment gateway sector is booming, and business owners are faced with the question of how to choose the most profitable, reliable and high-quality crypto payment gateway.

What is Crypto Processing Service and What is It For
Cryptocurrency processing is a service for online transactions that allows companies to accept and process payments in cryptocurrencies.

Both now and a few years ago, cryptocurrencies scared with its volatility. It wasn’t profitable to accept them as a method of payment. Another stumbling block is legislative regulation of cryptocurrencies, depending on which, it became prohibited to accept payments in some countries. Crypto processing service allows avoiding these problems by providing instant conversion to fiat money and legitimate online transactions. In addition, cryptocurrency processing service help:

to attract clients and increase their loyalty;
to become a member of the international market;
to provide privacy of customer data and payments;
to conduct quick cryptocurrency transactions with low fees.
Crypto processing service is especially useful for business owners if they don’t want to waste time and understand blockchain technology themselves and need a ready-made solution with useful features and fast integration of cryptocurrency payments. Let’s take a look at the top 5 crypto processing service today.

0xprocessing

The service has been working for two years, and during this time it has improved its features so much that it would be no mistake to call it innovative. It is convenient for any business, offers more than 40 cryptocurrencies, and it is the only gateway in the crypto market that supports payment with Web3 wallets. Payments are converted to stablecoin thanks to VRCS, or Volatility Risk Control System. Withdrawals to fiat currency can be made through third-party tools.

It also stands out from other cryptoprocessing services by having the lowest fee — from 0.4% for transaction processing, exclusive recurrent payments — this is a subscription to a service/product for an amount that is predefined in a smart contract. In addition, it has its own blockchain infrastructure and agency processing. With the latter, you can create multiple accounts for agents to accept payments in countries where there are problems with international payments.

BitPay

It is the first payment gateway for cryptocurrencies, which appeared in two years after Bitcoin. Today it is used by Master Card, Delta, and other big companies. The service offers various plugins for e-commerce, among them Woocommerce, Shopify. There are more than 12 cryptocurrencies used to accept payments, and the transaction fee is 1%.

BitPay also has a cryptocurrency payment card, which can be used to pay for purchases in stores. The service supports a large number of cryptocurrency wallets and has automatic conversion of cryptocurrencies into fiat money. Today it is the most popular gateway, which is most often connected by users from the U.S.A., Canada, Germany, and the UK.

CoinsPaid

CoinsPaid allows you to accept payments using a large number of cryptocurrencies. Provider quickly converts received cryptocurrencies into any fiat currency at merchant’s discretion. It is also possible to not convert, but simply keep the cryptocurrency in the wallet and use it to pay, for example, with partners.

There are recurrent payments, channels, accounts, and payment links. In this processor, the fee for customers is 1%.

Coinbase Commerce

This provider has been on the market for 10 years. Coinbase Commerce customers can accept payments in 7 popular cryptocurrencies. For the conversion and transfer of cryptocurrency to Coinbase Pro account, there is a 1% fee. You can also choose another method and pay a network fee separately for withdrawal on a third-party wallet.

Coinbase Commerce has integrations with Woocommerce, Shopify and provides an opportunity for merchants to use all the functionality using one of the integrations. Another advantage is the easy way to invoice customers.

CoinPayments

The service allows to use more than 175 types of cryptocurrencies as a method of payment and can be used as a cryptocurrency wallet for trading digital assets. In personal account clients can exchange cryptocurrencies on their own, which are automatically transferred to the wallet.

There is a 0.5% fee for transactions, as well as a 1% for a token transaction. In addition, CoinPayments supports integration with e-commerce plugins such as WooCommerce, Shopify, OpenCart and many others. There is a mobile app, POS, API, special software for creating invoices.

Conclusion
Each processing service has its own specific combination of benefits: functionality, security, stability, and reputation. The choice should be guided by your needs. If you need security, functionality, convenience and lower operational costs — we recommend you to try 0xprocessing. The service offers free integration and full support.

Learn more on our website: http://0xprocessing.com or in the TG bot: https://t.me/OxProcessing_bot

How 0xprocessing helps companies accept cryptocurrency payments.

0Xprocessing — Wed, 31 Aug 2022 14:01:18 +0000

Accepting payments in cryptocurrency today is especially relevant for businesses and offers several really valuable advantages: an unlimited coverage of the audience from all over the world, confidentiality, low transaction fees, no chargebacks.

And if it is more or less clear with chargebacks - transactions cannot be cancelled, what is the situation with everything else? How security is ensured, how payments are accepted and how clients are attracted? Let's look at the example of 0xprocessing, a cryptocurrency processing service.

Nowadays, the number of audience in the cryptocurrency industry reaches more than 100 million. In our opinion, it is possible to cover such a big number of users not just by providing a ready-made crypto payment gateway (because this is just the basis), but also by using tools and features that will increase business profitability manifold, provide security for stores and transparency for customers.

For example, 0xprocessing now supports more than 40 popular cryptocurrencies. For business owners, it is especially important for the reliability of it, so digital assets that have been spotted in fraudulent schemes are not added here to pay for purchases.

And what about volatility?

An automatic volatility risk control system makes it easy to convert incoming funds into one of the stablecoins supported by the processor:

USDT (ERC-20, TRC-20, BEP-20);
BUSD (BEP-20, ERC-20);
HUSD, TUSD or USDC.

Connecting payments itself is easy and simple through the API. When the customer is going to pay for a product or service, there is generated a payment form with the address of the wallet for the payment. It also contains the network fee, which is paid by the client. The fee can also be paid by the store, if it is needed. After the payment, the cryptocurrency is transferred to the service's wallet and then sent to the store's vault. If the automatic volatility risk control system is activated, the funds are first converted into stablecoin and only after that are sent to the vault.

How to achieve the coverage of customers from problematic countries, where setting up a payment system is time-consuming?

In this situation, in order to ensure payment acceptance, we use agency processing. 0xprocessing client creates special accounts for agents who will do the work as an intermediary in problematic countries:

paying stablecoins into the account;
security deposit;
replenishing the balance of any user;
statistics of deposits, withdrawals, and replenishments.

All this is synchronized through API: merchant, processing and agents, which makes the service convenient for each user.

Is it possible to make business more transparent and how to increase customer loyalty?

Web3 processing allows a natural way to increase trust in the business and confirm transparency. The client can see in real time in the explorer or on the website the amount of the liquidity pool, how many transactions have been made, in what volume, and much more at the merchant's discretion. The same applies to the financial accounting - transactions are recorded in the blockchain, and it is easy to track them and apply the necessary information to your work. In 0xprocessing with Web3 wallet, clients can pay for purchases both on the site via a widget and from a mobile wallet, which also provides usability.

0xprocessing recurrent payments play an important role too. This is a feature that allows customers to subscribe to a service or product using Web3 wallet. We have implemented it in such a way that payments are debited according to the period and amount, the information about which is stored in a smart contract. Such payments reduce the cost of paying employees, accepting payments in fiat currency and avoiding unnecessary bureaucracy.

Static Wallet refers to the latest innovation of 0xprocessing interface thanks to which customers have the opportunity to get a personal wallet with a permanent address, it can always be replenished for any amount. Previously, the address for each payment changed, but for the convenience of users we added this feature too.

How is security ensured?

Cryptocurrency processors work on a blockchain, and smart contracts are used to confirm the payment — this provides the security. But the service's own blockchain infrastructure adds to its reliability, because using a third-party platform, if it fails, will also disrupt the service itself. For the company this means hundreds, if not thousands of failed transactions and reputational losses.

That is the reason the development of our own blockchain infrastructure was fundamentally important for us in developing the processing service, which allows us not only to ensure the quality of payment acceptance, but also to increase the reliability and security of transactions in the network, avoid the risks of third-party intervention and protect customer and merchant data from leakage.

Conclusion

0xprocessing is a technological and business-adaptive cryptocurrency payment acceptance service with unique features that allow you to expand your consumer base, increase your net profit and make your platform maximally convenient for millions of cryptocurrency users.

The payments can be accepted from all over the world, using 40 types of cryptocurrencies, as well as agency processing and Web3 processing.
Fast integration of cryptocurrency payments into the store.
Volatility is no longer an issue thanks to the conversion of cryptocurrencies into stablecoin.
Recurring payments via smart contracts and Static Wallets for users make paying for purchases in the most easy and affordable way.
A company can connect from anywhere in the world.
Working on blockchain makes accepting payments secure, but having the own infrastructure doubles the security.

All this you can connect at 0xprocessing website or write to the telegram bot. A manager will contact you, familiarize you with the functionality and help you connect the store. The integration is free, and you do not need a lot of time or extra verifications to register.

Cryptoprocessing for Betting. What You Need to Know

0Xprocessing — Wed, 24 Aug 2022 09:26:00 +0000

Online betting is a high-risk business, for which getting a merchant account from a payment service provider is almost always accompanied by difficulties caused by multicurrency, chargebacks and non-legal betting operations in certain regions.

All of this makes it difficult to get betting development, so many companies are turning to cryptocurrencies and cryptoprocessing. Here we tell you what it is, why you need it, and how to choose a new payment instrument correctly.

Why Do You Need Crypto Processing in Betting

Cryptoprocessing is a financial instrument that provides processing and acceptance of payments in cryptocurrency. Today, more than 100 million people use it. Not surprisingly, that many companies, seeing the potential in it, connect the crypto processing to their website or online store. Accepting cryptocurrency payments is a great way to stand out amongst your competitors and expand your customer base.

For merchant and buyer, crypto processing is an intermediary through which payments are accepted, validated in blockchain by nodes and, just as importantly, converted from cryptocurrency to fiat money. Thus, cryptocurrency processing services allow covering a larger number of clients no matter where they are located and to withdraw the received payments into real money.

In addition, cryptocurrency transactions are absolutely transparent and can be conducted in large volumes. Integration with crypto processing also greatly simplifies business processes that are almost impossible to solve on one’s own:

Privacy of customer and merchant data.
No chargebacks.
High speed of transaction processing.
Conversion into fiat money.
Legitimate turnover of funds.
Easy website integration.
No bureaucracy.
Increase of client base.

How to Choose Cryptoprocessing for Betting

For a sports betting platform, it is important that the payment service intermediary matches its needs. We have chosen four key indicators on which you can rely in choosing a crypto processor.

Fees

Fiat processors are usually set too high fees for betting platforms because of the high risks — 2–3%, and in some cases 10–15%. Compared to them, cryptocurrency processors are much cheaper — fees range from 0.4% to 1%. This is related to low operating costs.

Multicurrency

A large number of cryptocurrencies allows you to attract more customers, so multicurrency plays an important role in choosing a cryptocurrency processor. A good advantage would be for the processor that has a volatility risk control system, or VRCS, that allows you to convert cryptocurrencies into stablecoin tied to fiat currency.

Providing Security

A reliable crypto processing service does not allow cryptocurrencies to be processed that have been involved in one way or another in fraudulent or illegal activities. To protect customers, a good service should have its own fraud-monitoring system that tracks suspicious activities.

24/7 Support

For the owner of a betting company, a server failure can turn into unpleasant problems: customers will be unable to make payments and you will lose your reputation. That’s why it’s extremely important that the crypto processing service provides 24/7 technical support to solve problems in a timely manner.

A successful example of a top-class cryptoprocessing service is 0xprocessing. Today it is already integrated into more than 300 businesses, operates worldwide and helps merchants accept more than 40 types of cryptocurrencies. Clients of the service are protected from cryptocurrency value fluctuations thanks to an automatic volatility risk control system.

Moreover, the service supports payment in Web3 wallets, conducts recurring payments through smart contracts, and allows you to accept payments in countries where it is difficult to set up any payment systems or methods.

Learn more about 0xprocessing:
TG: https://t.me/OxProcessing_bot
Website: https://0xprocessing.com

Cryptoprocessing as a way to quickly improve your business

0Xprocessing — Wed, 17 Aug 2022 14:52:00 +0000

Cryptocurrency today is not just a popular word in the news headlines. More and more people are using digital assets. For some, it’s a forced measure because sometimes there are no other ways to transfer money overseas. For others, it is an additional feature that they are curious to use.

The point remains the same: the number of users of exchanges, wallets, and other blockchain services is growing. People are becoming regular “clients”, cryptocurrency has many more advantages than economic instruments. Commissions are lower than in a bank, transaction terms are higher, and there are simply no restrictions on international transactions.

The more people join the number of fans of the crypto industry, the more it grows and develops, becoming useful and convenient not only for individuals, but also for businesses. Among the latest stunning innovations are cryptoprocessing services. Thanks to them, companies can:

Accept, exchange and withdraw funds;
Save on commissions;
Faster transactions;
Scale up their business and expand their geography;
Increase their client base.

Cryptocurrency is cheaper and easier to use as a means of making online payments. At the same time, businesses are relieved of the responsibilities that come with working with banks. There is no need to worry that they can control and influence payments — in blockchain this is impossible.

0xprocessing is one of the largest advanced processing services today. It is the most technologically advanced payment gateway that allows e-commerce platforms, gaming platforms and gambling providers, as well as any other business to accept over 40 of the most commonly used cryptocurrencies as payment from users around the world.

Their proprietary blockchain infrastructure allows all transactions online to be secure and reliable, avoiding risks of third-party interference and data leakage, and the integration of Web 3.0 wallets makes the project truly unique.

You can get more information directly here: https://t.me/OxProcessing_bot

A tool for your business: Agenсy processing

0Xprocessing — Fri, 12 Aug 2022 14:04:26 +0000

How to settle accounts with suppliers and buyers — here’s what’s convenient about agency processing.

Today the world economy is experiencing one of the greatest periods of instability of all time. Communication between countries is disrupted, and all segments of the population are suffering. Small businesses are losing customers, customers are losing the ability to meet their needs, and large companies are postponing new launches and downsizing.

Those who receive or transfer money while abroad suffer the most. They face a number of challenges:

— Some banks are disconnected from the popular SWIFT system;

— Private payment systems set their own rules, and some prohibit users in certain countries from conducting transactions;

— Contactless payment and online banking also do not work in some countries.

People have to find workarounds, but that means higher fees, higher risks and other hassles.

The way out for many is cryptocurrency, which is convenient and fast. Even in P2P-trading, the cost of commission is much lower than in banking, and the speed of transfers is much higher.

However, simple exchanges are a comfortable way out for ordinary people, but for companies and businesses it is still not a simple scheme. For them, the best way to get back to success and achieve new results is to connect an agent-based processing service. With it, a customer can create accounts for people who are responsible for accepting payments in other countries, where global banks don’t work or where Visa and MasterCard don’t work.

The agent becomes a partner and receives a commission for each deposit and withdrawal. The following functions allow you to do your job without any problems:

— Deposit of Stablecoins to the account;

— Guaranteed deposit;

— Replenishment of the balance of any user;

— Statistics of deposits, withdrawals and replenishments.

Agent-based processing is the most developed in 0Xprocessing service. It is convenient for any business. Registration is very fast, without any additional verification, and the integration is done via available API methods.

You can get more information directly here: https://t.me/OxProcessing_bot

What to use instead of SWIFT technology?

0Xprocessing — Fri, 05 Aug 2022 06:23:26 +0000

The use of bank cards has become more difficult: both ordinary users and global businesses suffer from restrictions in different countries. People refuse to buy because of high commissions, companies receive fewer orders — the economy suffers as a result.

People try to use alternative methods of payment, but they don’t remedy the situation:

— Wise’s service requires Russian citizens to confirm that they no longer reside in the country. To make a transfer, you need to provide a driver’s license, a residence permit, or a visa valid for more than six months;

— The European neobank Revolut uses the same scheme, but it can be deposited from a Binance account (which must be created in advance);

— “Golden crown” remains the most popular way, but because of the double conversion of currencies, users lose a large percentage of the amount.

The most profitable way in the current circumstances is cryptocurrency — the interest in this case is much lower, and the withdrawal of funds is very simple. This option is comfortable for both people and businesses: an online application is connected to the brand’s website or app, which allows paying for goods and services using wallets with digital assets.

0xprocessing is an innovative cryptoprocessing service that integrates easily into any business. The service:

— Works worldwide;

— Supports payment volatility risk control system;

— Works with 40+ types of cryptocurrencies;

— Integrates Web 3.0 wallets;

— Has a high level of confidentiality;

— Conducts recurring payments.

The team behind the project is constantly working on easy user access to the product and carefully responds to incoming requests. With a tight connection to the business, 0xprocessing creates a truly friendly product and is considered one of the market leaders.

If you want to connect cryptoprocessing to your business, contact us:
http://0xprocessing.com
pr@0xprocessing.com

Payment using Web3 wallets

0Xprocessing — Fri, 22 Jul 2022 15:25:00 +0000

The Internet of a “new format”, Web3, was discussed several years ago. Its concept is not fully formed now — it is assumed that the people in the network will be much more rights and opportunities, and the interaction between business, people and the World Wide Web will be very different from the current one.

It is impossible to assume today what exactly this concept will look like. However, the field of cryptocurrency is one of the few where Web3 is being implemented in full force. Cryptoprocessing 0Xprocessing offers people today to use wallets of the new format for personal or commercial use. This makes it possible to appreciate the following advantages:

Security and preservation of personal data.
Blockchain has no technological equivalent. Here it is impossible to delete data or correct information about the conducted transactions, and a person has an inviolable right to anonymity.

Storage of funds without the help of third parties.
Decentralized economy allows getting rid of banks and other commercial structures. The owner of the wallet is solely responsible for its use.

Reduced risks of hacking and system failures.
Social networks are full of stories about how a non-functioning bank app left a person without money in an unfamiliar country or foreign city. There are even more posts about hacks due to data breaches. There are far fewer such cases in blockchain — there is no single point of “control” that could be used to “shut down” exchanges and wallets. Decentralized technology also helps protect against cybercriminals — they would have to shut down the entire network to steal funds.

Unlimited access.
Transactions are not affected by citizenship, income, or current location. This information may not be disclosed at all — these are the laws of the crypto market.

0Xprocessing is the only cryptoprocessing that has created a system to connect Web3 wallets to pay bills. Moreover, it supports an exclusive recurring payment service. Thanks to it, a user can sign up to debit a predetermined amount under a special smart contract provided by the company.

This is a convenience exclusive to the market. Learn more on the company’s website: https://0xprocessing.com/