The world of payments is constantly evolving, and with the rise of cryptocurrencies, there is a growing demand for fast, secure, and cost-effective ways to process transactions. More and more businesses are looking for ways to stay on top of the game, and adding crypto payment is one of the best ways to get there.
The majority of POS vendors are familiar with the demand for cryptocurrency payments in the modern digital economy. But creating and implementing cryptocurrency payment options internally can be a difficult job. It necessitates a sizeable expenditure of time, money, and technical know-how. Because of this, an increasing number of POS providers are turning to integrations with reputable crypto payment providers as a quicker and more affordable solution. By collaborating with these service providers, they can provide their customers with more payment choices, such as cryptocurrencies, without having to incur the expense of their own creation and upkeep. The time it takes to introduce crypto payment options to the market is also shortened by integrating them with current systems, freeing POS providers to concentrate on their primary competencies and giving customers a seamless payment experience.
In this blog post, we will explore in greater detail the benefits of integrating a crypto payments solution for businesses. We will also highlight some of the key features of GoCrypto's solution and explain how it can help businesses stay ahead of the curve.
Boost Revenue Streams and Gain a Competitive Edge
By using a crypto payments solution, businesses can tap into a growing market of customers who prefer to use cryptocurrencies for their purchases. As of 2023, there are 420 million global crypto users. So adding crypto payments as a payment option not only helps businesses attract new customers but also helps them stay competitive in a rapidly changing industry.
You can accomplish the following if you choose to incorporate a cryptocurrency payment solution into your existing one:
Increased customer base: by accepting cryptocurrencies, you can draw in new clients who prefer this form of payment.
Additional revenue streams: by utilizing the expanding market of cryptocurrency users, you can boost revenue and profitability by making more payment choices accessible.
Increased customer satisfaction: giving customers a range of payment choices, such as cryptocurrencies, can make them feel more comfortable and satisfied.
Competitive advantage: incorporating cryptocurrency payments into your POS, you may be able to outperform your competitor businesses that have not yet embraced this technology.
Saving time and money: creating your own cryptocurrency payment solution can be expensive and time-consuming. While giving your clients a trusted and secure payment choice, integrating an existing solution can help you save time and money.
Knowledge and support: working with a reputable crypto payment provider, you can take advantage of their knowledge and technology to offer your customers a high-quality option. This may also give you access to ongoing technical help and updates to guarantee that your payment system is safe and current.
It all comes down to your business specific needs. Has your business already developed a payment solution and would benefit from integrating an additional payment method like crypto? If you are open to new ways of working and want to offer more to your customers, then integrating this payment method is a logical next step.
The community surrounding cryptocurrencies is one of the most passionate, and a decision like integrating cryptocurrency payments into a payment gateway or orchestrator can have a multiplicative positive effect on PR.
What Is Integration and How Does It Work?
Businesses that are developing and using their payment software can benefit greatly from integrating our crypto payment gateway to their solution. Providers of smart POS terminals, eCommerce platforms, mobile POS applications, cash register systems, ATMs, vending machines, payment gateways, and more can simply add our crypto payment network to their list of supported payment methods and instantly access a wider customer base.
Businesses that integrate GoCrypto payments gain more traction and a competitive advantage for supporting a trending payment solution. The process of integration is fast and intuitive and delivers an outstanding user experience.
Global Payments developed its SoftPOS application, called GP tom, which was introduced in Czech, Slovak and Romanian market in 2021. They integrated GoCrypto payments into the application and enabled merchants across Prague to accept crypto payments on the go.
Thanks to the integration, crypto payments are now also available in Prague’s public transport services which is a big step toward crypto adoption.
About Global Payments Inc.
Global Payments Inc. is a leading provider of payment technology and software solutions for businesses worldwide. Headquartered in Atlanta, Georgia, the company offers a range of products and services, including card and electronic payment processing, mobile payments, fraud prevention, point-of-sale (POS) solutions, and more. Global Payments serves a diverse range of industries, including healthcare, education, hospitality, retail, and eCommerce, and operates in more than 30 countries across North America, Europe, Asia-Pacific, and Latin America. The company has a strong focus on innovation and customer service, and has received numerous awards and recognitions for its performance and industry leadership.
GLS is a prominent parcel delivery provider in Europe that has expanded its offerings to include an eCommerce payment gateway in Slovenia in 2022. With this move, GLS has opened up opportunities for their eCommerce clients to leverage their payment gateway solution, which includes the integration of GoCrypto as one of the payment options. This means that all eCommerce websites operated by GLS Pay can now accept crypto payments using the integrated crypto payment gateway and manager. This integration provides an added layer of convenience and flexibility for customers who prefer to use cryptocurrencies for their purchases.
About GLS Group
GLS Group is a logistics company based in Europe, offering parcel, express, and logistics services. Headquartered in Amsterdam, the company has a network of 39 central and regional hubs and over 1,000 depots across Europe, and operates in 41 countries worldwide. GLS Group's services include domestic and international parcel delivery, express delivery, freight forwarding, and logistics solutions for businesses of all sizes. The company places a strong emphasis on sustainability and has implemented various measures to reduce its environmental impact, such as optimising its transport routes and using electric vehicles. GLS Group is also committed to innovation and has invested in technology to improve its operational efficiency and customer experience. Overall, GLS Group is a leading player in the European logistics market, offering reliable and sustainable logistics solutions to businesses and consumers.