Gate Pay, a crypto-related transaction making method was launched recently to simplify the life of consumers. The brand-new cryptocurrency cost pay method, will support 21 currencies initially and will not impose any additional fees, as stated in the recent statement to the press.
Launch of Gate Pay by Gate.io
According to recent data, more than 1 billion people use cryptocurrencies including Bitcoin (BTC) and over 18,000 businesses accept them as payment for goods and works. These figures demonstrate how quickly cryptocurrency adoption has grown in recent years, but Web3 still has a way to go before making cryptocurrency the preferred payment method for companies all over the world.
By 24-hour trading volume, Gate.io is the fifteenth significant crypto trading platform all over the globe. To hasten the adoption of cryptocurrencies, Gate.io is utilizing a blockchain called Gate Pay. The payment solution was introduced first this month.
Seamless and practical crypto payments
The new Gate Pay solution, according to the team’s press release, is a cost-free cryptographic defrayal tech created from the ground up by the creators of Gate.io to offer a simple method of sending payments for digital assets to customers. The team says the solution also includes tools for small businesses that are made to make it easy for businesspeople to take cryptocurrency as payment.
With plans to expand this to 130 cryptocurrencies in the upcoming months, Gate Pay will initially back up twenty-one crypto assets at launch, reckoning Bitcoin and Ethereum. Many of the companies offering cryptocurrency payment solutions in the market today levied various work charge, but Gate affirms the brand-new production will have 0 costs, excluding the typical gasoline costs connected with cryptocurrency defrayments.
Gate’s CEO and founder, Dr. Lin Han, commented on the introduction of Gate Pay by saying that the new Gate paying service is the future significant effort to increase the adoption of cryptocurrencies. By removing obstacles to clients’ and traders’ full adoption of cryptocurrency, it bridges the gap between Web3 and everyday life. Starting on November 8, Gate Business Collaborator Uquid will give up to 11 cash rewards to early Gate Pay users in an effort to promote the service and encourage customers to sign up.