Get paid in cryptocurrencies for your products or services using the Peerwallet gateway

Thursday 1st of December 2022

As a business owner, you're always looking for new ways to increase sales and reach new customers. And with the Peerwallet payment gateway, you can do just that by accepting cryptocurrency payments for your products or services. Peerwallet is a secure and easy-to-use platform that allows you to accept payments in multiple currencies and cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. Plus, peerwallet boasts of the lowest fees in the industry, so you can keep more of the money you make. With Peerwallet, it's easy to get started and you could be reaching a whole new customer base in no time.

What are cryptocurrencies and how do they work?

Before we continue to talk about peerwallet as a crypto payment gateway, let's look at some foundational topics.

What are cryptocurrencies?

Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. Cryptocurrencies can be decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are created through a process called mining. Miners solve complex mathematical problems to verify transactions and add new units of the currency to the blockchain, a digital ledger of all cryptocurrency transactions. In return for their work, miners are rewarded with newly minted bitcoins or other cryptocurrencies. Cryptocurrencies can be used to purchase goods and services online or can be held as an investment. Peer-to-peer payments can also be made using cryptocurrency. To make a payment, users send cryptocurrency to a payment gateway, which converts the currency into the equivalent amount of fiat currency (traditional government-issued currency). The recipient then receives the fiat currency. Cryptocurrencies are often traded on exchanges, where users can buy and sell cryptocurrency using other forms of currency or fiat currency.

Enough of the basics, let's talk about peerwallet.

What is peerwallet

Peerwallet is a semi-decentralized payment platform and also a payment gateway that allows different users, including cryptocurrency users to transact with each other without the need for a central authority. Peerwallet is based on the principle of peer-to-peer (P2P) networking, which means that all transactions are direct between users, without the need for an intermediary. This makes Peerwallet much faster and more efficient than traditional payment processors, and also allows it to offer lower fees. In addition, Peerwallet is highly secure, as all transactions are encrypted and stored on a decentralized network. As a result, Peerwallet is an ideal solution for anyone looking for a fast, efficient, and secure way to transact with cryptocurrency.

How to get paid in cryptocurrency for products and services using a gateway system

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is decentralized, meaning it is not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Cryptocurrencies are also used as a payment method on some online marketplaces. In order to get paid in cryptocurrency for products and services, you will need to use a payment gateway system. Cryptocurrency payments are made using a wallet application. The payer enters the payee's address, the amount of cryptocurrency to be sent, and then signs the transaction with their private key. The transaction is then broadcast to the network and verified by miners. Once it is verified, the funds are transferred from the payer's wallet to the payee's wallet. In order to receive payments in cryptocurrency, you will need to provide your cryptocurrency wallet address to the payer. You can create a new address for each transaction or use the same address for multiple transactions. When using a payment gateway system, you will be asked to enter your wallet address before confirming the payment. The payment gateway will then generate a QR code that can be scanned by the payer's wallet application. Once the QR code is scanned, the payment will be confirmed and the funds will be transferred from the payer's wallet to your wallet. You can then use those funds to purchase goods and services or trade them on a cryptocurrency exchange. Cryptocurrency payments are fast, secure, and convenient. They are also irreversible, so it is important to make sure that you trust the person or entity that you are dealing with before entering into a transaction.

Peerwallet as a cryptocurrency Payment gateway

Peerwallet is a payment gateway that allows businesses to accept payments in various digital currencies, including Bitcoin, Ethereum, Litecoin, and more. Peerwallet offers the lowest fees of any payment processor and also uses a peer-2-peer system, which means that all transactions are direct between users, without the need for an intermediary. This makes Peerwallet much faster and more efficient than traditional payment processors. In addition, Peerwallet is highly secure, as all transactions are encrypted and stored on a decentralized network. As a result, Peerwallet is an ideal solution for businesses looking for a fast, efficient, and secure way to accept payments in cryptocurrency. Thanks to the Peerwallet gateway, businesses can now get paid in cryptocurrency for their products and services. There are many benefits to using Peerwallet, including the fact that cryptocurrency is becoming more popular every day, so it's likely that your customers will be happy to pay with Peerwallet. Additionally, using Peerwallet can help you save on transaction fees ( Peerwallet has the lowest fees ever), and it's a great way to promote your business to a wider audience. Finally, thanks to the peer-2-peer system, all transactions are direct between users, without the need for an intermediary. This makes Peerwallet much faster and more efficient than traditional payment processors.

How to set up a Peerwallet account for your product and service payment

Setting up a peerwallet account as your cryptocurrency payment gateway is very simple and easy. In this section, we would outline the procedure to do this seamlessly.

Step 1. Visit www.peerwallet.com to register an account

Step 2. Input all your details; both personal details and company details.

Step 3. Your company and personal details would be verified - KYC

Step 4. Once it's verified, you can integrate peerwallet in your website or product page using our API key.

Step 5. Once the integration is verified and successful, you can now start receiving payments for your products and services using Peerwallet.

For more information visit www.peerwallet.com