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Crypto Payments need YOUR help. The road to a New & Decentralized 'Paypal'

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by COINS NEWS 174 Views

Amongst others, Binance has recently announced their new payment gateway Bifinity. I have the feeling every major centralized exchange/entity is throwing out the new 'paypal': Bitpay, Coinbase, Binance, crypto.com and so on. Although this is great for adoption I would prefer the new Paypal to not be a centralized organization or major exchange, this is also not in the spirit of crypto in general.

There are many alternatives on the blockchain, although still relatively small. DYOR, but I mentioned three below that I know of. If you know others, leave it in the comments*.

fcfpay.com (website of the payment gateway) & frenchconnection.finance (website of the token)

  1. Mcap: 12.4 million (coinmarketcap)
  2. 66% of all transaction fees are given to the holder in dividends and burn (50/50 ratio)
  3. On the BSC network. Will work on their own blockchain in the future.
  4. Supports all crypto tokens

alchemypay.org

  1. Mcap: 169 million (coinmarketcap)
  2. Could not find whether fees are shared with holders*
  3. On the ethereum network
  4. Could not find which crypto tokens are supported*

SolanaPay

  1. Mcap: 24.2 billion (Mcap of the SOL token) (coinmarketcap)
  2. Could not find whether fees are shared with holders*
  3. On the Solana network
  4. works with any Solana-compatible token
  5. Drawback: not fully decentralized

So please when you own a webshop and want to start accepting crypto, first look at one of these options.

\If you have any input in the missing information or extra statistics to include, let me know, I will try to keep this post updated.)

Edit 1: Moved SolanaPay down due to it not being decentralized and the current reputation

submitted by /u/Leandertjee
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