Cryptocurrencies can help enterprises to improve their operations and enhance their business processes. Yet, to achieve it, companies need to integrate the right kind of cryptocurrencies. ZIL is the perfect candidate for the role of a cryptocurrency capable of boosting businesses. ZIL is the native cryptocurrency of Zilliqa, one of the most advanced blockchains on the market, which demonstrates better performance even when compared to notable players such as Ethereum. Essentially, ZIL is a highly-efficient crypto backed by a powerful blockchain. ZIL payments can take businesses to another level. NOWPayments provides companies with tools to deploy their own ZIL payment gateways.
Key points:
- Zilliqa is scalable, sustainable, and efficient.
- ZIL payments are private and quick.
- Businesses can use NOWPayments’ solutions to accept ZIL as payment.
Benefits of Zilliqa
Low cost
One of the common problems of cryptocurrencies is the price of crypto transactions. Blockchains such as Bitcoin and Ethereum charge users large transaction fees, which eat into the sums transferred by them. Zilliqa’s approach to blockchain enables it to reduce the size of its transaction fees. As a result, ZIL transactions are among the lowest ones in the industry. For instance, ZIL fees are 227 times lower than those of ETH, which is truly incredible. Essentially, one ZIL transaction will cost you less than $0.1.
Scalable
Another advantage of Zilliqa is the scalability that it brings to its users. The mainstream networks such as Bitcoin are extremely rigid, which means that they cannot serve as platforms for other decentralized products. Zilliqa’s network is flexible and can accommodate thousands of apps without experiencing any problems. Additionally, Zilliqa’s scalability allows it to process thousands of crypto transactions in a matter of seconds. This means that ZIL can be transferred in a quick way.
Sustainable
Sustainability is a major factor any company, project, and organization needs to take into account nowadays. Unlike other blockchains, Zilliqa takes sustainability seriously and utilizes technology which is eco-friendly. Zilliqa’s consensus protocol does not consume large amounts of electricity which makes Zilliqa a perfect network for eco-conscious users.
High utility
Zilliqa offers an infrastructure for decentralized applications which extensively use it. There are dozens of projects that utilize Zilliqa. For instance, Zilliqa DeFi projects allow users to engage with financial market products and services, which are open to everyone, transparent, censorship-resistant, and easy to use. There are almost half a billion dollars of liquidity locked in Zilliqa. Additionally, there are Zilliqa dApps that disrupt business models worldwide, providing faster and smarter alternatives to creative industries, banking, gaming, and community building.
Safe and Secure
Zilliqa’s blockchain is also extremely secure and protected from external attacks on its infrastructure. The smart-contract language of Zilliqa is a safe-by-design, meaning that it cannot be affected by malware or any other kind of malicious activity. Moreover, users who simply hold ZIL coins in their wallets also can be certain that their money will not escape them. If you use the official wallet of Zilliqa, you will stay in full control over your ZIL funds.
Ways to upgrade online stores using Zilliqa
Bring privacy to your clients
Privacy is important to people when they shop online. Unfortunately, the mainstream electronic payment methods such as PayPal and bank transfers are not anonymous and require users to disclose their identities. When people use these payment options to pay for products and services online, they leave a digital footprint tied to their name. ZIL payments are anonymous in the sense that ZIL transactions do not contain any personal info of the parties involved in them. Essentially, businesses can offer ZIL to their clients as a private and anonymous method of payment. The Zilliqa blockchain is decentralized and anonymous, which means that it does not require users to share their private information or undergo the KYC procedure.
Lower expenses
Every company wants to find ways to reduce its costs without affecting the customer experience or the quality of products and services. ZIL payments can provide businesses with such an opportunity. Basically, ZIL can help businesses to cut down costs without compromising on quality. As mentioned above, ZIL transactions are extremely inexpensive and cost less than $0.1. The fees of ZIL transactions are much lower than banks’. Thus, by offering Zilliqa as a way of payment, merchants can reduce their expenses on transaction fees. Lower fees can enable companies to subsequently lower their prices and thus achieve a competitive advantage over their competitors.
Facilitate international transfers
ZIL transactions are not only inexpensive but also quick. In fact, one ZIL transaction takes only several seconds to be processed. Since Zilliqa uses state-of-the-art blockchain technology, its users can enjoy rocket-fast transaction speeds. Online businesses can benefit from quick ZIL transfers in numerous ways. For example, they can significantly facilitate international transfers for their foreign clients and suppliers. Instead of using bank transfers which may take days to arrive, businesses can switch to ZIL transactions and thus streamline their financial activities. The quicker your money transfers, the more efficient your business and the more positive the customer experience of your clients.
Get rid of chargeback fraud
Companies face a great number of fraud schemes which in some cases cost them large sums of money. This is why businesses need to employ different techniques to protect themselves from fraud. One of the most common kinds of fraud is chargeback fraud. Yet, when using Zilliqa payments, businesses can completely forget about such a thing. Basically, ZIL transactions are irreversible, and they cannot be returned to the sender automatically without the involvement of the recipient. Businesses can be confident that the ZIL coins they receive as payment will forever stay in their wallets.
Claim your share of the crypto economy
There are millions of people who own cryptocurrencies worldwide. Yet, there are usually not that many things they can do with their crypto. Many crypto enthusiasts are highly passionate about supporting any use case related to cryptocurrency. Merchants, by deploying crypto payment gateways, can provide the crypto community with a chance to use their crypto as a means of payment. The Zilliqa community is extremely supportive and one of the rapidly growing ones in the industry. A certain share of the members of the community will be more than excited to try using their ZIL coins for payments. Thus, every business deciding to offer ZIL payments can attract new clients from all over the world who will be happy to buy their products using ZIL.
Make your business environmentally sustainable
The crypto industry does not have a perfect sustainability track record. The extensive use of electricity by certain blockchains has been a source of concern for many environmentalists. Yet, networks such as Zilliqa reverse the trend and bring sustainability to the blockchain. Zilliqa does not need tons of power to run and is extremely electricity efficient. Businesses that wish to offer a sustainable payment method to their clients should definitely consider featuring ZIL payments. Having a ZIL payment gateway will make your businesses more environment-friendly and may potentially attract consumers who value companies that address the issue of sustainability.
Ensure better transparency
The Zilliqa blockchain is public. This means that any person can check information about every ZIL transaction and crypto address. Nevertheless, it is important to note that the addresses and transactions are not tied to the identities of the users. Some businesses need to ensure complete transparency for their operations, including financial ones. In such cases, Zilliqa is the perfect solution since it stores information about transactions and addresses forever. So, businesses can keep a better record of their financial activities, especially given the fact that information on the Zilliqa network is available 24/7. Essentially, the ZIL payments provide merchants with an opportunity to establish complete transparency and accountability within their organization.
How to accept ZIL
NOWPayments lets merchants accept ZIL payments in different ways.
ECommerce businesses can employ special plugins compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Plugins automate all payments and let companies get ZIL payments.
Companies can issue crypto invoices or utilize a virtual Point-of-Sale terminal. Such tools enable merchants to manage all their crypto payments. They also can feature subscription-based crypto payments.
Charities, bloggers, and non-profit organizations can use donation widgets, buttons, and links to accept Zilliqa donations.
Conclusion
Zilliqa is the perfect choice for businesses that wish to accept crypto payments. ZIL payments will allow online stores to offer a fast, low-cost, and private payment method to their clients. NOWPayments provides tools for deploying a ZIL payment gateway.