Payment processors are financial tools that have contributed to the adoption of cryptocurrencies as an efficient payment alternative within e-commerce. An example of this is payments with USDC, a stablecoin that combines the stability of traditional currencies with the flexibility of blockchain technology. Below, we’ll explore some of the advantages of having a USDC payment processor.
Instant settlement and notice
Companies that have a payment processor for USDC have a faster payment processing system, especially compared to other cryptocurrencies such as Bitcoin and traditional payment methods, which allows companies and businesses to have instant payment confirmation, which helps improve efficiency in each transaction.
It’s important to note that blockchain ensures that transactions are immutable and publicly verifiable, reducing the risk of fraud. Payment processors also provide dashboards so businesses and merchants can manage their transactions, review their history, and generate reports.
Economic transactions
By using a USDC payment processor, businesses and companies have access to a more cost-effective and efficient payment system, especially compared to traditional payment methods such as bank transfers or credit card payments, as these systems involve multiple intermediaries (banks, card processors, clearing houses), which charge different fees. For example, a card transaction goes through the issuing bank, the payment network (Visa/Mastercard), and the acquiring bank.
With USDC, however, transactions are made directly on the blockchain, reducing the chain of intermediaries to a single payment processor that facilitates integration. This eliminates costs associated with banks and traditional payment networks.
Increased market reach
Companies that have the payment processor service for USDC, have the possibility of increasing the reach of their market; since USDC is a globally accepted asset, companies and businesses can carry out international transactions without geographical restrictions and with a high level of transparency and reliability, since the transactions are more accessible and have a higher processing speed, in addition to being recorded in the blockchain, which contributes to better financial management, in addition to minimizing risks of chargeback fraud.
Payment alternative
Companies that have a USDC payment processor can offer their customers an additional payment option, which allows the company or business to be more competitive, as it offers greater flexibility and convenience to its users, in addition to improving their shopping experience.
Greater stability
Payment processors using USD Coin (USDC) offer the advantage of operating with a stablecoin whose value is pegged 1:1 to the US dollar, allowing for a high level of stability against typical cryptocurrency market fluctuations. This feature provides greater confidence and predictability in highly volatile environments, such as the crypto sector.
Integration of the cryptocurrency market and standard financial infrastructure
Payment processors for USDC allow companies and businesses to integrate blockchain with the standard financial infrastructure they use for their business operations, which allows them to offer a better shopping experience and greater trust/ security for their users.
It’s worth noting that USDC payment processors can be adapted to multiple platforms and applications, such as Windows, iOS, Android, and different web browsers, which facilitates their integration into different devices and equipment.
Easy access to Exchanges
Companies that have a payment processor for USDC can access the Exchange service, which allows the conversion of USDC to another type of cryptoasset or Fiat currency of your interest, allowing immediate access to the asset needed to make payments to suppliers or other services that have not adopted USDC as a means of payment.
What do you think about this topic? Would you like to learn more about Pilsenga’s USDC payment processor service?
If you are interested in Pilsenga’s services, you can contact us by visiting the following link.
