If you’re a merchant, selling services and goods on a platform, it’s advantageous to accept USD Coin payments. By doing so, platforms can save massively on costs and significantly expand their customer demographic. On top of that, stablecoin payments are safe from market volatility which is an added benefit. In this article, we will go over what is USDC and what are the advantages to accept USD Coin payments. Furthermore, we will go over why Nebulox platform is the ultimate crypto payment gateway for USDC payments.
Learn More About Stablecoins as Payments
What is USD Coin?
USD Coin owns the world’s largest stablecoin industry ecosystem in the world. It is a cryptocurrency that is pegged to US dollar in terms of value. That means that each USCD will always be worth $1. Stablecoins are used as a hedge against inflation and volatility in the crypto market. However, they can also be used as an alternative way to hold assets on the blockchain network.
As good as stablecoins might sound, there has always been concern about the companies not being honest about their dollar reserve. Basically, for every 1 USDC the company issues, they must hold $1 in their accounts. As a matter of fact, there are rumors regarding some large companies not having the dollar equivalent of their stablecoin. If a solid reserve does not back a stablecoin, the currency will lose value and seriously damage the investor’s funds. In that regard, USD Coin aims to provide full transparency about their reserves.
USDC is managed by a consortium called Centre which is a part of the payment technology company Circle. Much like Tether, they offer monthly attestation reports by Grant Thornton to ensure investors regarding their reserves.
How to Accept USD Coin Payments?
For this, all you need is Nebulox, which is a crypto payment gateway. Nebulox takes only a few easy steps to set up on your platform and does not charge any fees to start up the process. On top of that, merchants will also be able to have a 20-day trial.
With a crypto payment gateway, your customers can easily pay for their orders via cryptocurrencies. Plus, you can accept USD Coin payments on your platform using an exclusive crypto wallet that Nebulox provides.
What Are the Benefits?
Fortunately, there are multiple big advantages to accept USD Coin payments and very few downsides.
First and foremost, USDC transaction fees are extremely low as compared with other payment options. So in terms of costs, USDC can help save a lot of money.
The second big benefit is the ease of accessibility. With USDC, there are a whole lot less regulations to consider. Subsequently, more customers from all around the world will be able to make purchases from your website.
Consequently, less regulations mean more privacy for both the customer and the merchant. Nebulox will allow merchants to accept USD Coin payments with full anonymity. This is thanks to a hassle-free KYC process.
Nebulox.io
Nebulox is a payment gateway platform that supports a variety of digital assets including cryptocurrencies. Nebulox allows the merchants to receive funds through a super secure gateway in only a few minutes. Plus, merchants will have the option to automatically have their assets converted to stablecoins to avoid market volatility. And of course, all that comes with 24/7 online support. Get paid anywhere, anytime, with the currency of your choice.
