How can blockchain be used in payments?

27 Sep 2022

Blockchain can be used in payments by blockchain-based payment gateway like PayCEC to promptly transfer crypto coins internationally. This payment gateway allows a highly secure cryptographic money transfer service that sends a confirmation OTP with each transaction. Next, it gives users permission to modify the interface to match the brand colors.Risk management functionality will be one of PayCEC's strong points by encrypted all data and stored it in protected environment. This blockchain digital gateway meets PCI DSS certification requirements and delivers an account management system for assessing the date and amount of transfers.

Moreover, blockchain 1.0, which is known as cryptocurrencies, can be used to sell, buy or trade on a blockchain digital platform or invest in a company with bitcoin on the balance sheet. For example, Square, WeWork, MicroStrategy, and Tesla are among the companies that have accepted this form of investment. Blockchain 2.0 can also be used to proceed digital financial contacts. Likewise, users are recommended to invest in the business through online brokers to guarantee results.

Users can buy cryptocurrencies like Bitcoin or Ethereum on direct centralized financial exchanges (CeFi) or decentralized finance exchanges (DeFi). CeFi is an exchange that already monitors and manages your crypto on their platforms like Binance, Luno, and Coinbase while DeFi allows consumers to transfer their crypto directly without any hassle. any intervention such as Uniswap, Compound, or Airswap.