Crypto payment processors are quickly growing in prominence. Over 18000 enterprises accept digital asset payments including giants from the domains of technology, automobile, fast food chains, insurance, and more. International crypto exchange PayBito recently made a contribution to the growing Australian crypto community, offering its white-label crypto payment gateway to a major institution providing financial services.
The current global crypto market capitalization stands at US$ 941 billion with daily transaction volumes surpassing US$ 46 billion. The figures are significant in the middle of a global recession and are expected to rise with the growing number of crypto users worldwide. Regulations brought forward in the recent Australian crypto regulations bill will enforce the protection of consumer assets, promoting further growth and innovation in a sector rightfully dubbed as the “future of finance”.
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PayBito Chief Raj Chowdhury, also a noted blockchain pioneer, stated, “The crypto community has been pushing for progressive regulations to enable a standardized framework for next-gen digital solutions. Adherence to the government-prescribed protocols boosts interaction between crypto service providers and consumers in both retail and enterprise segments.”
PayBito’s white-label crypto payment gateway enables participants to provide payment processing services in digital assets and earn commissions as a service provider. The blockchain-powered product features the same upgrades and features as seen in PayBito’s native crypto payment processor, Billbitcoins. The latest UI/UX updates deliver an unmatched service experience with an intuitive easy-to-use interface. Additional features include zero chargebacks, cutting-edge security protocols, multi-feature integrations, and an option to choose from multiple packages. The crypto payment processor also offers free conversion from crypto to fiat denominations till the first $1 million.
“The latest collaboration in Australia will propel a jump in crypto adoption. Crypto payment processors are occupying a key position in cross-border payments and remittances. The growing global acceptance of digital asset payments will drive the digital revolution to greener pastures in the future,” concluded Chowdhury, who had previously called for infrastructure upgradation in crypto enforcement agencies and discussed the potential of metaverse-based brand marketing.
The Australian Securities and Investments Commission(ASIC) revealed over 44% of Australian citizens have owned digital assets. Institutional investors and enterprises planning to venture into the digital crypto revolution can leverage white-label solutions for crypto payment gateways, exchanges, and other services to bypass setup, development, and compliance hassles.
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