ArrowLeftBackgroundArrowRightBackground

Crypto Widgets: Enhancing User Experience in Crypto Payment Solutions

Sep 22, 2023

Dot

6 min read

Contents

  • What is a cryptocurrency payment gateway?

  • Simplifying Transactions

  • Inqud's Crypto Widgets

  • Conclusion

In the dynamic landscape of cryptocurrency, user experience plays a pivotal role in shaping the adoption and integration of digital payment solutions. Crypto widgets, a user-friendly interface element, have emerged as a powerful tool to enhance user engagement, accessibility, and convenience within the realm of crypto payment solutions. Let's delve into how crypto widgets are revolutionizing the user experience and driving the widespread acceptance of cryptocurrencies.

What is a cryptocurrency payment gateway?

Cryptocurrency payment gateways, exemplified by platforms like Inqud, PayPal, and Coinbase, are instrumental in handling and streamlining cryptocurrency payments for merchants. These gateways serve as intermediaries, facilitating the processing and receipt of cryptocurrency transactions. In return, merchants receive the equivalent value in traditional fiat currencies, contributing to the elimination of uncertainties associated with cryptocurrencies.

While crypto payment processors are not obligatory for receiving digital currency payments, they offer streamlined solutions for businesses. Merchants can also opt to use personal wallets for cryptocurrency acceptance. However, crypto payment gateways present a user-friendly approach, allowing businesses to seamlessly integrate cryptocurrency alongside traditional fiat money. Transactions are processed in real time, ensuring efficient settlements.

Two primary categories of crypto payment gateways are custodial and non-custodial.

  1. Custodial Gateways: These gateways hold the merchants' earnings within their platform accounts. Merchants can subsequently initiate withdrawals to transfer funds to their designated wallets, providing an additional layer of convenience and control.

  2. Non-Custodial Gateways: Non-custodial gateways process payments and promptly transfer profits directly to the merchant's wallet. This approach prioritizes security by minimizing fund exposure to potential vulnerabilities.

In contrast, fiat payment gateways establish a connection between bank accounts and payment systems. These gateways exclusively accept national currencies, such as the United States dollar or the euro, and manage transactions based on customers' bank card details.

image

Simplifying Transactions

Crypto widgets also simplify transactions by allowing users to execute actions directly within the widget interface. For instance, a "Buy Now" button within a widget can initiate a cryptocurrency purchase, eliminating the need for users to navigate to a separate trading platform. This seamless integration of transaction functionalities streamlines the payment process and reduces the steps required for users to complete a transaction.

Inqud's Crypto Widgets

As the adoption of cryptocurrencies continues to grow, platforms like Inqud have embraced the potential of crypto widgets to revolutionize the user experience within crypto payment solutions.

  1. Zero chargebacks: Say goodbye to chargebacks with our secure and reliable fiat onramp and off-ramp solutions.

  2. Streamlined Integration: Inqud's widgets are designed for easy integration into websites and applications, allowing businesses to seamlessly incorporate crypto payment options without complex coding requirements.

  3. Uncover hidden market solutions: Discover unique payment methods and solutions for non-standard cases.

  4. Auto-conversion: Mitigate market volatility risks with our automatic conversion system.

  5. Fee flexibility: Decide who covers the transaction fee - either the business itself or the customer.

image

Conclusion

In the realm of crypto payment solutions, user experience plays a pivotal role in driving adoption and engagement. Crypto widgets serve as a bridge between users and the complex world of cryptocurrencies, providing real-time data and functionalities that enhance accessibility, empower informed decisions, and simplify transactions. As platforms like Inqud continue to harness the potential of crypto widgets, the future holds a user-centric landscape where cryptocurrencies are seamlessly integrated into daily transactions, further accelerating the global acceptance of digital assets.

Industries

IMB, SMB

Products

Crypto widget, card2crypto, API

Tags

Crypto Widget, Crypto Widget, local payments, Payment methods

Author

Oliver Bennet

Cryptocurrency Payment Strategist

Don't miss out on the most important updates. Subscribe now!

ErrorInput

by submitting this form, you confirm that you agree to the storing and processing of your personal data

Logo

Company name IOOI Sp. z O.O.

Address - Gęsia 8/205, 31-535 Kraków, Polska

License number -RDWW-853.

Don't miss out on the most important updates. Subscribe now!

ErrorInput

by submitting this form, you confirm that you agree to the storing and processing of your personal data

    https://twitter.com/inqudhttps://www.facebook.com/Inqud-106842349102120https://www.linkedin.com/company/inqud/about/?viewAsMember=true

© Inqud. 2024. All rights reserved.