Author: CoinPayments

CoinPayments Webinar Debut – Crypto spending is on the rise: is your business ready?

CoinPayments

CoinPayments’ Sara Dube and Sean Mackay recently hosted the first-ever CoinPayments Webinar, the debut in a series aimed at demystifying the often complex world of crypto payments for businesses and consumers alike. This first installment asks ‘Is Your Business Ready?’ to take advantage of the rise in crypto spending.  Let’s look at some of the key takeaways. Crypto transactions increased by 400% and are here to stay With daily news headlines announcing a growing number of major corporations now accepting cryptocurrency payments – including everyday brands like Starbucks, Home Depot,…

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Crypto Takes Retail by Storm as Transaction Volumes Jump 90% in 2021

CoinPayments

At a Glance Retailers expect continued eCommerce growth through 2021 Crypto transaction volumes in retail sector are up 90% to $10.2M (QoQ) Crypto transaction sizes in retail sector are up over 70% as trust in crypto solidifies The new world of retail It comes as no surprise that the retail sector is rebounding globally, as consumers are once again ready to spend discretionary income after the economic uncertainty of 2020. As the Deloitte 2021 retail industry outlook explains, the pandemic saw consumer behaviors and expectations shift overnight, with technological adoption…

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A Newbie to Blockchain? These Basics Got You Covered

CoinPayments

According to a Statista forecast, worldwide spending on blockchain solutions is projected to increase over tenfold from its $1.5 billion level in 2018 to an astounding $19 billion by 2024. Companies from a variety of industries are investing in blockchain to ease their pain points and gear them for the digital economy, and there’s a good reason: it’s an innovation that unlocks boundless potential.  While its disruptive promise may make it seem like a complex concept, in reality, blockchain is simple. We’re here to break down the basics so that…

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FLy Token (FLY)

CoinPayments

FLY QUICK STATS: Franklin (FLy) is the native token of the VRM and Black Ocean ecosystems based on the ERC-20 token algorithm. FLy holders have access to discounted trading fees and additional rebates, as well as to Black Ocean solutions like Liquidity and Dark Pools, Token-sale launchpad, NFT market, margin trading, and liquidity mining opportunities.  As the company’s Whitepaper states, there is a destruction mechanism implemented into the token strategy to support market demand and the token’s price. Every month, the company will buy FLy tokens on public trading venues…

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Experiencing Payment Errors? We Can Help!

CoinPayments

As either a CoinPayments merchant accepting crypto payments or as a consumer making a purchase with crypto, there are a number of potential errors that may occur when you are trying to complete payment. Examples of such errors include overpayments, underpayments, or even timed-out payments. When any of these potential errors occur on the CoinPayments platform, our systems trigger an automated flow to streamline the process of resolving any mispayments. Refunds When it comes to refunds, our automated flow involves sending an email to the buyer’s email address that was…

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How Businesses Benefit from Crypto Over Traditional Payments

CoinPayments

The payment landscape is currently experiencing intense transformation, and consumer behavior is evolving accordingly, accelerated by the fallout of a global pandemic that forced us all to reevaluate the way we interact and transact. Industries of all kinds have worked hard to adapt, but the service and commerce industries especially have found themselves at a crossroads.  The predicament they face is how to make calculated decisions that will help them simultaneously retain their existing customers and attract new ones. This can be particularly difficult in a rapidly changing environment, making…

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