What Weaknesses Are Often Exhibited by Crypto Exchanges?
how can exchanges and users go about reducing them and making the world of crypto that much safer?
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Cryptocurrency is more popular than ever, with over 400 million people using crypto worldwide. This number is only going to grow as more people realise the advantages offered by crypto and make the move to purchase crypto for the first time.
To capitalise on the increasing numbers of crypto users, online businesses of all shapes and sizes must offer the facility to pay using cryptocurrency. This is achieved by integrating a crypto acquiring platform into the website, such as the one offered by KUNA.
But which industries can benefit from accepting crypto payments? We’ve given you a few ideas below.
Luxury Goods
The luxury goods sector is an ever-growing industry, with more and more people looking to splash out and buy luxury handbags, watches, cars, and more. With the significant number of wealthy crypto users, it makes sense for luxury retailers to cater to their needs. There’s no need to worry about losing money to the volatility of crypto, as auto-conversion will ensure your prices are always the same.
Restaurants
Restaurants, cafes, and bars can benefit hugely from accepting crypto. Many eateries now heavily rely on online orders, and many customers prefer to pay for their food using crypto. It’s even possible to accept crypto in person, with many POS systems now allowing crypto transactions. Restaurants and bars can have low margins, so eradicating the high fees charged by other payment processors can make a big difference.
Gambling Sites
Online gambling sites can hugely benefit from offering crypto as a payment method, as many other payment processors block transactions with gambling sites. Players will love the ease with which crypto deposits and withdrawals can be made, along with the low fees. These factors will improve the customer experience, leading to increased use of the gambling platform.
Travel Industry
The travel industry is yet to embrace crypto, but that doesn’t mean travel companies shouldn’t accept crypto payments. In fact, any travel company accepting crypto will stand out in a crowded market, which could lead to more business. Flights, hotels, excursions, and more could all be paid for using cryptocurrency.
Digital Products
Digital products and cryptocurrency seem to go together perfectly, which is why many companies selling digital properties accept crypto. Digital items that could be bought using cryptocurrency include art, e-books, online courses, and more.
Accept Crypto with the KUNA Pay Crypto Acquiring Platform
KUNA offers one of the premier crypto acquiring platforms, allowing online retailers to easily accept payment in various cryptocurrencies. But it doesn’t just enable payments – it also offers a lot more, including auto-conversion, invoice management, and turnover management features.
Don’t be concerned about implementing the KUNA Pay crypto acquiring platform either, as it’s effortless. Our team will help you throughout, so you’ll be accepting crypto payments in no time. To learn more about the KUNA Pay crypto acquiring platform, please don’t hesitate to contact a member of the KUNA team today.
