As the popularity of cryptocurrencies continues to rise, many businesses are seeking to incorporate them into their payment systems. One particular cryptocurrency that has been garnering attention is TrueUSD (TUSD). In this article, we will explore the advantages of using TUSD in your business, the perks of this stablecoin, and how NOWPayments can assist you in accepting TUSD payments. Let’s dive in!
- TrueUSD is a stablecoin that offers a reliable store of value as it is pegged to the value of the US dollar.
- NOWPayments offers TUSD on two chains, TRC20 and ERC20, making it flexible and accessible for businesses.
- Accepting TUSD payments can help businesses save money by reducing the costs and risks associated with traditional payment methods.
What Makes TrueUSD Cryptocurrency Stand Out?
TrueUSD (TUSD) is a stablecoin that provides a stable and transparent alternative to other cryptocurrencies, which can be highly volatile and subject to sudden price changes. TUSD is fully transparent and regularly audited, unlike other stablecoins, which provides businesses and customers with reassurance. Now let’s take a look at the perks of TrueUSD.
TrueUSD is a stablecoin that is pegged to the value of the US dollar, making it a reliable store of value. Even during times of market volatility, the value of TUSD remains relatively stable, helping businesses reduce their risk exposure when accepting cryptocurrency payments.
NOWPayments offers TrueUSD on two chains, TRC20 and ERC20, providing businesses with flexibility and accessibility. Businesses can choose the most convenient option for their specific needs.
Accepting TUSD payments can help businesses reduce the costs and risks associated with traditional payment methods such as credit card transactions. TUSD transactions are typically faster and cheaper than traditional payment methods, making them an attractive option for businesses looking to save money on transaction fees.
TUSD transactions are fast, secure, and irreversible, reducing the risk of fraud and chargebacks for businesses. This can help businesses avoid the costly and time-consuming process of disputing chargebacks and other payment disputes.
TrueUSD (TUSD) is using Chainlink’s Proof of Reserve (PoR) service to provide transparency and credibility to its stablecoin. The PoR service enables users to independently verify the amount of TUSD held in reserve.
Chainlink’s PoR service uses cryptographic proofs to validate the reserves of the stablecoin issuer and provides this information on the blockchain. This helps to build trust and confidence in the stablecoin by providing users with transparency and assurance that the issuer holds sufficient reserves to back the stablecoin’s value.
How Can You Accept TUSD in Your Business?
NOWPayments offers a variety of tools and solutions that make it easy for businesses to accept TUSD payments. Here’s how you can get started:
- Visit the NOWPayments website and click on the “Sign Up” button.
- Add your TUSD wallet.
- Create an API key in your Settings. This key will allow you to create payment links and receive payments in TUSD.
- After generating your API key, navigate to the “Payment Links” section and click on “Create Payment Link.”
- Choose TUSD as the payment currency and enter the amount you want to receive in TUSD.
- Copy and share the link with your customers or add it to your website or online store.
- Your customers can use the payment link to pay you in TUSD, which will be automatically credited to your TUSD wallet associated with your account.
TUSD offers a stable and secure payment option that can be easily integrated into existing payment systems, as businesses look for more innovative and cost-effective payment solutions. With its low transaction fees, fast processing times, and global reach, TUSD is a promising cryptocurrency that businesses should consider when looking to expand their payment options. Sign up for a NOWPayments account today and start accepting TUSD payments in your business!