Gate.io’s cryptocurrency payment service, Gate Pay, is now available to the public. The exchange hopes that its crypto-based payment system will help it reach its goal of bringing the Web 3.0 lifestyle to the masses. Gate Pay currently accepts 21 different cryptocurrencies as payment. However, it plans to grow the number to 130 in the near future.
What the new Gate.io platform has in store
Merchants may begin accepting cryptocurrency payments with ease thanks to the business-friendly features made available to them through Gate Pay. On the other hand, users of Gate.io have access to a more user-friendly manner of transferring crypto payments for goods and services. In addition, there are no hidden costs associated with using the service. Users will only need to pay the standard rate for network gas usage.
Gate.io believes that by introducing Gate Pay, it will be able to bridge the gap between Web 3.0 and the real world, making it easier for consumers and businesses to use cryptocurrencies. Whether their partners are already familiar with cryptocurrency or are newbies the company will help them through the process of integrating Gate Pay. Partners will also gain access to additional features in the Gate.io ecosystem.
By incorporating Gate Pay into their virtual and physical stores, business partners may start accepting cryptocurrency payments immediately. There is also the option of launching on Gate MiniApp. The platform is a third-party dApp platform that is fully integrated into the Gate.io ecosystem. Gate.io has big plans for Gate Pay in the future, with the addition of C2C transfers, promotional giveaways, and more.
Uquid.com, a Web 3.0 e-commerce platform and commercial partner of Gate.io, is launching a promotional campaign in conjunction with Gate Pay to mark the product’s debut. Starting on November 8th, Uquid customers will have the chance to win a $500 gift box simply by making a purchase.