Worldwide, merchants and online retailers are most satisfied using decentralized payment gateways. Of course, they have their valid reasons for getting happy, and Yee Kok Siong discussed them below:
1) Traditional Payment gateways have a lot of rules and regulations. They are risky and global transactions are often restricted. With Multi-Cryptocurrency payment gateways you are allowed to make transactions from 500 different Alt-coins.
20 Traditional payments are depended on various processes which need human interventions. As decentralized payments gateways are blockchain based, once the transactions are verified they cannot be altered even with any human intervention. Therefore the chance of any attack or alteration is impossible.
3) The absence of any human intervention, any regulations make it faster and reduced mediators. Hence there are reduced charges and transactions can happen across borders without any hitch.
4) The transactions can happen anywhere and anytime as they can be done through "Smart Contracts". The traditional payments usually have bank charges, clearing houses cost, or transfer fees by third parties. Block-chain based technology of cryptocurrencies eliminates all such limitations and transactions happen with seconds once they are verified.
5) There are various options available with decentralized payments like- Mobile Wallets, Web Wallets, and much more. One such option which is free, fast and with reduced costs is Peer-to-Peer payments. Also termed as P2P mass payments they are popularly used for small payments.
You may also transfer funds while chatting with the option of -"In-Chat payment".
It is hence proved that Multi-Cryptocurrency payments gateways perform the functions of - Authorization, clearing, and settlement faster than any traditional payment platform. They are not only faster and accurate but are more powerful and robust.
These are they features which make cryptocurrencies more popular and all the reasons for the exponential rise in their prices. Today, financial experts, industry professionals, bankers and big corporate houses are seriously thinking of investing in cryptocurrencies as they find this as the next generation platinum.