If you are running a business and want to pay/accept payments in cryptocurrency, then you are going to need a reliable crypto payment processor. This is where BTCPay comes in. BTCPay Server is an open-source, free for all crypto payment processor that enables businesses and individuals to receive payments in the form of Bitcoin or Altcoin.
Furthermore, these payments can be received directly and with no costs or the need for a middleman. These features have made platforms such as BTCPay Server an attractive option for businesses that want to receive cryptocurrency payments. The following are some things that you need to know before you use the platform.
No Third-Party Involvement
BTCPay Server is an open-source Bitcoin payment processor that functions as a non-custodial invoicing system. In other words, it removes the need to involve a third-party with Bitcoin payments via BTCPay Server being sent directly to the wallet of the individual or business entity. The lack of involvement of a third party also enhances the safety and security of using the cryptocurrency payment processor.
Improved Security
As mentioned, BTCPay Server is a non-custodial invoicing platform that does away with the need of any third-party. Since all payments through the invoicing system go straight to the recipient’s wallet, users get to experience a more secure transaction online, especially when it comes down to use digital currency. Furthermore, the platform does not require users to use their private keys to receive payments via the BTCPay server account, which is a major advantage in terms of security.
The lack of third-party involvement while using BTCPay Server increases censorship-resistance and security for businesses and their customers. This makes it one of the best options available for receiving payments in Bitcoin.
Additionally, when using BTCPay Server, there is no address re-use required mainly because every invoice is carried out using a new address for receiving payments to a wallet. This alone significantly increases the security and privacy of the person making the payment and the recipient.
Receive P2P Payments
One of the best advantages of using the BTCPay Server when carrying out transactions in Bitcoin is, all payments are processed absolutely free, with no hidden charges. Apart from that, the platform is open source since it was created by a community that was looking to build a non-custodial software that’s reliable when it comes to Bitcoin payments. While there are other similar options available in the market today, what sets BTCPay Server apart from the rest is that unlike others that hold on to your Bitcoin, BTCPay allows users to receive their payments P2P straight to the hardware or software wallet. This gives BTCPay Server a significant edge over the competition.
The BTCPay server has been seen by many as the future of digital payments. This is the reason why OKCoin, the San Francisco-based digital currency exchange, awarded a $100,000 gift to the open-source installment processor to enhance their service quality and features. For more news and information on the amazing breakthroughs in digital payments and currencies, visit Bitcoin Revolution.