The DAI stablecoin has garnered worldwide acclaim for its capacity to deliver a headache-free user experience by combining the best of the crypto and fiat worlds. The decentralized nature of DAI means that it is a U.S. dollar equivalent that can be used without the usual restrictions that go hand in hand with the original currency. DAI can be useful in an immense number of contexts, whether it is cross-border transfers or protection against volatility. As a result, it has become an all-time favorite crypto among thousands of merchants. NOWPayments makes it possible for any business or individual to deploy DAI as a payment method absolutely for free.
- DAI is an Ethereum-based stablecoin.
- DAI is accepted by VPN services, travel platforms, and even services for settling bills.
- Merchants can integrate the DAI crypto as a payment method via NOWPayments.
What Is DAI Crypto?
DAI has long been a household name in the Web3 world thanks to its blazing-fast transactions and impeccable reputation as a reliable store of value. DAI is a safe haven for millions of investors around the world, especially during crypto winters, when saving one’s holdings from the doom of depreciation becomes a priority for so many of us. Still, DAI is much more than just an asset for crypto traders to wait out the hard times. It is a solid means of payment, employed by droves of forward-thinking merchants across the globe who were lucky to discover all the benefits they can reap from Dai before their competitors.
As far as the technical side of Dai goes, it is an Ethereum-based token built in accordance with the ERC-20 standard. DAI’s value is pegged to the U.S. dollar, meaning that, in theory, 1 Dai must always equal 1 USD. This rate is maintained via a cleverly designed system of smart contracts. Any user can get the DAI coin using the MakerDAO protocol by depositing ETH into a smart contract and then borrowing DAI against the deposit. Alternatively, users may readily purchase DAI on exchanges.
Cryptocurrencies are a go-to payment method for numerous VPN services and DAI is not an exception here. For instance, hidemy.name is a VPN provider that lets you pay with the DAI crypto for access to its servers in 45 countries. The VPN package offered by the company is a great deal, as it allows users to connect five devices simultaneously and works practically with every popular operating system, including Linux and Android. The service is available for as little as 4 DAI a month if you choose the 1-year plan. There is also the free trial option and a 30-day money-back guarantee.
Donations are another use case for DAI that is worth mentioning. Giveth is, by far, the biggest platform right now that gives you the opportunity to donate the DAI crypto and a host of other cryptocurrencies to various projects requiring public support. Yet, the unique component of Giveth is the reward mechanics. Essentially, when you contribute your DAI on the platform, you receive the GIV token in return. GIV is the native token of Giveth, and the fuel that powers the platform. Users can boost projects with GIV or participate in the governance of Giveth.
Gift Cards: Coinsbee
Gift cards are a lifeline for many crypto evangelists who have completely abandoned the use of fiat and thanks to services like Coinsbee they are able to make a pretty good living without coming into contact with dollars or euros whatsoever. Coinsbee is a website where you can discover thousands of gift cards from both international and local brands and buy them using DAI, Bitcoin, ETH, or any other crypto you can think of. Even if you are not a hardcore crypto enthusiast, it is still worth trying Coinsbee, as it can be really fun to get your new coat or a pair of ice skates from Amazon with a card bought with the DAI stablecoin.
No list of the major use cases for cryptocurrencies is complete without mentioning Travala. After all, it is an absolute headliner in terms of the mass adoption of crypto. Travala is a platform where you can book any of two million accommodations around the world or flights to hundreds of destinations. Recently, Travala added a new feature that makes it possible to buy tickets to all kinds of events and book tours right in the cities you are traveling to. So, if you are in the middle of planning your next journey, consider the option of paying for your trip with the DAI token via Travala.
Paying Bills: Living Room of Satoshi
Living Room of Satoshi offers a straightforward and reliable service to pay bills in Australia using DAI, Bitcoin, and several other digital assets. The company has been processing payments since 2014. On the website of the service, the DAI stablecoin can be used to pay a number of different bills, including car registration, electricity, mobile phone, and bank account fees. Overall, the platform features more than 45k Australian businesses and organizations whose services can be purchased with crypto. It seems that in Australia, you can live completely off crypto, especially if you use both Living Room of Satoshi and Coinsbee at the same time.
Web hosting services are also in love with DAI, as so many of them list the coin as a valid payment method on their websites. RadWebHosting is one of them. It is a crypto-friendly web hosting service with an immaculate track record. RadWebHosting has several data centers housing its infrastructure, which guarantees stable uptime. The service presents several options for different purposes. It has dedicated hosting, cloud VPS, reseller hosting, and cPanel hosting at a steal price, considering the existing alternatives. You will have a smooth experience with RadWebHosting if you are looking for a hosting provider that accepts the DAI coin.
Payment Gateway: NOWPayments
NOWPayments is a DAI payment gateway offering users a simple and convenient way of accepting DAI as payment or donation. NOWPayments is a non-custodial service ensuring complete decentralization and transparency of payment processing. This means that NOWPayments users instantly receive their funds without delays, as NOWPayments does hold their assets. The service has a selection of both payment and donation tools that fit the needs of different types of organizations. NOWPayments does not charge any setup fees and users are only required to pay a 0.5% fee per each transaction processed by NOWPayments.
How Can I Accept DAI Payments?
NOWPayments’ tools for accepting DAI include:
- eCommerce plugins: These plugins are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware.
- Payment Link and a PoS terminal: Businesses can use a payment link and a virtual Point-of-Sale terminal.
- Recurring Invoicing: Some companies may deploy special recurring invoices.
- Custodial Recurring Payments: It allows companies to set up separate billing accounts for their customers and let them top up these accounts with the cryptocurrency of their choice.
- API: NOWPayments’ versatile API enables businesses to create custom crypto payment solutions.
- Payouts: You can send mass payouts as a salary, bonus, reward, or rebate automatically to as many addresses as you wish.
Here are the steps you need to take to create your Dai payment link:
- Enter your public DAI crypto address.
- Press “Create payment link.”
- Enter the details of your payment link and click “Confirm.”
- You will receive a payment link that your clients will be able to use by simply scanning its QR code.
The DAI coin is a stablecoin cryptocurrency that incorporates the best of the crypto and fiat worlds. NOWPayments helps businesses to accept DAI as payment without any hassle.