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Gate.io Launches its Crypto Payment Product, Gate Pay
Gate.io, one of the world’s earliest and largest cryptocurrency exchanges, has officially launched Gate Pay, a leading crypto-based payment product.
Gate.io believes that, with a larger purpose to bridge the divide between blockchain and everyday life, cryptocurrencies will assume the basic and critical function of currency– as a means of payment– bringing a wider adoption beyond the limited user group in trading and transactions. Therefore, Gate.io decided to develop and launch Gate Pay to bring the Web 3.0 lifestyle to the public by serving individual users and business partners with its crypto-based payment solution.
Gate Pay is a secure and free-to-use crypto payment technology fully developed by Gate.io. Users gain access to a more user-friendly method of sending crypto payments for goods and services, and merchants benefit from business-friendly tools so they can start accepting cryptocurrency. Currently, Gate Pay supports over 20 cryptocurrencies for payments, with plans to increase to 130 cryptocurrencies in the future. Business partners can begin accepting crypto by integrating Gate Pay into their online and brick-and-mortar stores or launching on Gate MiniApp, a third-party dApp platform integrated directly into Gate.io’s ecosystem.
“Gate Pay is our next major commitment to further crypto adoption. It will bridge the gap between Web 3.0 and daily life, reducing the barriers for users and merchants to utilize cryptocurrency fully,” said Dr. Lin Han, CEO and Founder of Gate.io.
Gate.io provides full support to business partners integrating Gate Pay, whether already crypto-friendly or new adopters. In addition, partners will have further access to other components of Gate.io’s ecosystem. For example, the Gate MiniApp already hosts some leading Web 3.0 applications, such as online crypto-friendly retailer Uquid and crypto travel booking service Travala.com.
Moving forward, Gate.io will continuously evolve Gate Pay, with plans to introduce C2C transfers, promotional handouts, and more. “From release to later evolutions, Gate Pay will become an important step in promoting the use of cryptocurrency. To achieve this, Gate.io will constantly innovate new product concepts to enrich the functions of Gate Pay,” said Feng Zhou, Director of Gate Pay, Gate MiniApp.
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