BabyDoge is a cool meme coin owned by thousands of people. BabyDoge is a deflationary token that plans on reducing the supply over time. By simply holding Baby Doge coins in their wallets, all holders of the BabyDoge coin can earn more Baby Doge coins. Specifically, Baby Doge coin holders automatically receive a 5% fee from every on-chain transaction that happens in the Baby Doge ecosystem. The community receives more baby doge coins from the fees generated by each transaction. This is why Baby Doge is a go-to coin for many businesses that use crypto payments. Those companies that wish to accept Baby Doge crypto payments but still would like to receive these payments in fiat can use NOWPayments’ crypto-to-fiat conversion feature powered by Switchere.
Key points:
- Baby Doge-to-fiat payments let businesses get their crypto payments in fiat.
- BabyDoge-to-fiat payments are convenient and enable businesses to avoid fluctuations.
- NOWPayments offers BabyDoge-to-fiat payments to all businesses.
What are BabyDoge-to-fiat payments?
Many businesses wish to deploy their crypto payment gateway in order to embrace new opportunities provided by the crypto industry. At the same time, they would still like to get their payments in fiat. Unfortunately, blockchains do not have a built-in feature that would automatically convert crypto to fiat currencies. Yet, thanks to the BabyDoge-to-fiat payments offered by services such as NOWPayments and Switchere, businesses now have a chance to get their crypto payments in fiat.
There can be many benefits for businesses that decide to deploy their BabyDoge-to-fiat payments.
Convenience
Businesses that decide to use the auto-conversion feature provided by NOWPayments can avoid numerous unnecessary procedures. Basically, businesses that do not use this feature need to convert their crypto to fiat themselves. To do it, they have to register on exchanges, send their crypto to their exchange address, and then convert the coins to fiat there. This path is not only longer than the one offered by NOWPayments but also more costly since exchanges charge their clients large fees. In order to avoid them, companies can streamline the process of exchanging their Baby Doge for fiat by using NOWPayments’ auto-conversion feature.
Great conversion rate
Additionally, businesses often struggle with finding exchanges that offer favorable conversion rates for their coins. Exchanges tend to feature exchange rates which are lower than the actual market ones. As a result, businesses can lose a share of their crypto holdings when converting them to fiat currencies. NOWPayments and Switchere go to great lengths to offer the best conversion rates to their clients on the market. This means that those merchants that choose to use the auto-conversion feature to convert their Baby Doge to fiat will be more than happy with the conversion rates they will get.
Minimize fluctuations
Businesses also can opt for Baby Doge-to-fiat payment in order to reduce their exposure to price fluctuations on the crypto market. It is well known that cryptocurrencies often experience radical changes in their value. Some businesses may not be accustomed to the constant price spikes and falls, so they may wish to go for less unpredictable assets. NOWPayments’ auto-conversion feature lets businesses convert crypto payments they receive to fiat instantly. This means that merchants’ coins will not be subject to any substantial fluctuations. Thus, they will be able to keep the entire sum of the payment.
Instant availability
In addition to conducting instant conversion, NOWPayments makes all fiat funds nearly instantly available to merchants. Basically, businesses will not have to wait for weeks or days for their converted holdings to become accessible. Moreover, merchants do not fill out any forms or official requests to withdraw their hard-earned money. The majority of similar services make their clients undergo long-winded procedures to claim their funds. NOWPayments does things differently and always strives to make user experiences as streamlined as possible.
Fiat withdrawals with NOWPayments & Switchere
So, if you wish to use the auto-conversion feature to automatically convert your Baby Doge payments to fiat, you need to follow these steps:
- First of all, you will need to create an account on NOWPayments’ official website here.
- Next, you will need to provide your BabyDoge crypto address.
- Then, you will have to generate your API key.
- After you complete the previous steps, you will be able to choose your tool for accepting crypto payments. Check out the list of the available options here.
- Once you finish setting up your account, you can start integrating the auto-conversion feature.
- To do it, you will need to go to the “Fiat Withdrawals” page on the left sidebar of your account.
- On the “Fiat Withdrawals” page, you will be asked to register on Switchere, NOWPayments’ partner that conducts the process of crypto-to-fiat conversion.
- Switchere will require your business to undergo the Know-Your-Business procedure, which involves presenting documentation about your company to the service.
- Once Switchere approves your account and verifies your eligibility, you will need to go back to the “Fiat Withdrawals” page.
- There, you will need to once again provide your business information for NOWPayments to make crypto-to-fiat conversion available to you.
- Finally, after the successful integration of the auto-conversion feature, you will be able to charge your clients in Baby Doge and receive the final payment in fiat.
The Advantages of NOWPayments
Low fees
NOWPayments seeks to keep its fees as minute as possible. As a result, merchants that use NOWPayments’ services are able to avoid facing large fee expenses. NOWPayments does its best to keep the fees for transactions as low as possible.
Extensive crypto selection
NOWPayments provides its clients with a large number of popular cryptocurrencies so that every business can find the one that suits them best. Apart from Baby Doge, businesses can accept any of more than 100 cryptocurrencies as a means of payment.
Excellent technical support
All payment tools offered by NOWPayments are easy to integrate. However, if you have any additional questions, you can contact NOWPayments’ support at any moment.
Conclusion
Baby Doge is a meme coin that nevertheless offers numerous opportunities to investors and businesses that use it as a means of payment. Companies that wish to feature Baby Doge payments but still would like to get their money in fiat can utilize NOWPayments’ auto-conversion feature.