Merchant payment acceptance refers to a business’s ability and willingness to receive payments for goods or services through various methods, including digital currencies. For digital assets, this involves implementing systems that allow customers to pay with cryptocurrencies, often facilitated by payment processors or specialized gateways. Expanding acceptance widens the utility of digital assets beyond investment. It represents a significant step towards mainstream financial integration.
Context
The expansion of merchant payment acceptance for digital assets is a key area of focus for the cryptocurrency industry and payment solution providers. Debates often address the operational complexities for businesses, such as accounting for volatility and regulatory compliance. News frequently reports on new partnerships between payment processors and retailers, technological advancements in point-of-sale systems, and strategies to lower transaction costs for merchants.
Integrating BitPay into the Payments Orchestration Platform enables merchants to accept digital assets, mitigating FX risk and capturing a new global customer segment.
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