Application that Allows Businesses to Receive and Pay in Cryptocurrencies

Online payments have gained great popularity and ground over cash payments in a short time.

Now, the boom in ‘plastic money, which offers more convenience than cash, has been joined by growing interest in investing in crypto assets. 

However, for the self-employed, virtual currencies are no longer just an investment option but also an opportunity to offer a greater variety of payment methods, attract other customers, and stand out from the competition.

It is no longer uncommon for customers, especially in large cities, to look for businesses and companies that accept payments in Bitcoin, Ethereum, Solana, or other most popular cryptocurrencies. 

A good option for freelancers and small businesses that are unfamiliar with this world would be to use a platform that allows payment and collection in crypto-assets and fiat money in euros.

One of the most popular new options that offer great security when exchanging cryptocurrencies and euros is FTX Pay, the application created by the FTX Crypto Derivatives Exchange platform.

FTX PAY App Allows to Pay and Collects in Crypto’s

FTX Pay is an application created by the exchange -crypto active exchange platform- FTX to send or receive payments both in fiat money -euros, dollars…- and in any of the multitude of cryptocurrencies that the platform supports. 

With it, the user can receive payments from anyone who has an open account with FTX and configure them to collect from any external wallet.

The store’s processor is simple and allows you to quickly accept payments in cryptocurrencies and fiat on a website through an application or store, which opens up a wide range of possibilities for freelancers, not just for e-commerce but for any small business.

To pay, the user will only have to access FTX Pay, select the currency or token they wish to exchange and select the recipient’s address, in this case, the merchant, to send it.

The wallets supported by the FTX Pay application for the provider to configure their favourite options are ARBITRAJE, BCH, BCHA, BEP2, BSC, BTC, DU ERC20, ETH, HECO, LTC, MATIC, SOL and TRX.

The cryptocurrencies that, at the moment, can be used are: Aave, BAT, Bitcoin, Bitcoin wrapped or WBTC, BCH or Bitcoin cash, BUSD -which is Binance’s currency-, BRZ, CUSDT, DAI, Dogecoin, ETH, HUSD, Litecoin, LINK, MKR, MATIC, TrueUSD, Pax Gold, Pax USD, Shiba Inu, Solana, Sushi, Tether, Tron, TrueUSD and USDP, although may gradually support more cryptocurrencies.

Once the provider has chosen the wallet and the currency, he will receive an HTML code, which is the language used in creating websites and that he can integrate into the source code of his page to start operating.

How to Use FTXPay?

On the part of the user, the first step to start using FTX Pay -which, let us remember, is an application that does not limit its use to sending and receiving cryptocurrencies but also to sending and receiving fiat money-is to open an account in the exchange FTX, which is also an exchange that allows the sale of cryptocurrencies.

The screen to create an account will show a menu that will either ask you to enter your credentials if you are already a registered user or will ask you to create an account if you do not already have one to operate with.

If you do not yet have an account, you will have to deposit 10 dollars since it is a new account and there are no funds yet. 

Payments on the platform can be made through an electronic bank transfer, through a credit card or by other means such as depositing with cryptocurrencies, for which the page will provide a QR code. You can also authenticate the account by providing certain information. 

This is a condition imposed by the legislation of many countries to operate with platforms that offer financial services.

Finally, when you want to make a payment, you will select the cryptocurrency or currency that has been chosen to carry out the operation, being -in the case of transfers with crypto assets- one compatible with the corresponding blockchain.