Digital Asset Banking: Payment Gateways

One of the long-touted use cases for cryptocurrencies is facilitating fast, P2P transactions. While wide-scale adoption is yet to take place, more businesses are exploring pathways for accepting payments in cryptocurrencies. On the client-side, a recent survey by BitPay and PYMNTS found that 60% of Americans who have interacted with cryptocurrencies would be interested in using them for consumer purchases. With 16% of Americans trading, investing, or holding cryptocurrency, these surveys indicated there is a sizable demand for cryptocurrency payment systems in day-to-day life. 

Cryptocurrency payment gateways provide businesses with an integrated solution for accepting cryptocurrency payments. Broadly, these systems are split into two categories: "instant conversion" and "direct-to-wallet".