Processing Cryptocurrency and How it Influences the Market

Before the invention of cryptocurrencies, only states had a monopoly on issuing money, as well as on regulating financial transactions. This put people in a dependent position, forced them to use only fiat money to settle accounts with each other, and also pay banks for services. Cryptocurrencies allowed everyone to exclude both banks and states from the system of commodity-money relations. And  crypto gateway without kyc also allows you to maintain privacy during their use. In the article, we talk about it in more detail, and also name the best crypto wallet for business.

Cryptocurrency processing: importance for companies and ordinary users

Until recently, cryptocurrencies were not a full-fledged analogue of fiat funds due to the fact that it was almost impossible to pay for a meal in a restaurant or make a deposit in an online casino with their help anywhere. Now many companies add the ability to pay with cryptocurrency to their websites and platforms. This distinguishes such a business from competitors. The more ways to pay for a product, the more potential customers.

In order to accept crypto payments from customers, companies need to connect special crypto wallets for business. Mediocre services simply generate unique addresses for everyone who wants to pay with crypto, and they often require KYC verification.

Better crypto payment gateways for business offer crypto banks in your pocket, which implement a number of technologies to ensure maximum security of data and funds. Some are also crypto wallets without KYC. In this case, they are software, not services. Users install them on their own equipment, which means they decide for themselves whether they need to know their customers or not.

BitHide — payment gateway and cryptocurrency processing

The team of this crypto wallet for business understands well that the security of data and assets is critical for companies, and they also need to manage financial flows in cryptocurrency using convenient tools in an intuitive interface.

The reliability and security of the product are ensured by:

Dark Wing technology (a synthesis of VPN and Tor), which changes the real IP address of the wallet three times before connecting to a public node. It is almost impossible to find out the real one;

• The ability to install the wallet software on the client’s own server;
• issuing a seed phrase to the client. With it, he is the real owner of the cryptocurrency;
• Generation of a unique 512-bit key, which is used to log into the wallet and with which its database is encrypted;
• The ability to issue employees different levels of access to work with the wallet.

As for ease of use, in BitHide you can:

• Create multiple sub-wallets and addresses in them to work with different profit centers;
• Decide independently whether the KYC procedure is needed;
• Create and download balance and turnover reports with fixing cryptocurrency rates at the time of enrollment;
• Attract an unlimited number of employees to work;
• Make mass payments;
• Set up automatic withdrawals;
• Check cryptocurrencies for risk level;
• Integrate the wallet with the website or platform via API.

When looking for crypto processing without KYC, do not forget that the product should offer not only it, but also the security of funds and data, as well as ease of use.

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