Bitfinex Pay lets businesses accept payments for goods and services in crypto
Bitfinex exchange has announced about setting its own payment platform, Bitmex Pay, allowing e-commerce owners accept payments in bitcoin, Ethereum and USDT. To access the payment gateway, sellers have to register on Bitfinex website and undergo verification.
After going through initial procedure vendors can integrate a Bitfinex Pay widget into their marketplace. Bitfinex does not charge any commission fees for using the service, and the payments made by each customer via Bitfinex Pay are limited to US$1,000.
“Cryptocurrencies are being adopted globally and rapidly. Only ten years after the Genesis Block was mined, the first cryptocurrency, Bitcoin has grown to become the world’s sixth-largest currency in circulation, thus becoming one of the largest contributors to the world’s money supply,” states the Bitfinex Pay website.
Earlier, Coindesk reported that online payments giant PayPal was said to be in the process of acquiring Curv, a technology firm that powers the secure storage of cryptocurrency. This step follows PayPal’s November opening access to cryptocurrency operations for U.S. customers, who can buy, store and sell virtual money via PayPal directly.