In recent years, the cryptocurrency market has experienced significant growth, with more businesses and individuals embracing digital currencies. However, one major challenge has been the price volatility of cryptocurrencies, which can deter potential users and merchants from accepting crypto payments. To address this issue, NOWPayments and Centric have joined forces to provide a game-changing solution that enables businesses to accept Centric Swap (CNS) payments with ease and stability. This article explores the synergy between NOWPayments and Centric and how their partnership is revolutionizing the way businesses accept crypto payments.
1. Expanding Payment Options: Advantages of Accepting Cryptocurrency Payments
As businesses strive to keep up with evolving consumer preferences, it becomes crucial to offer a variety of payment options. Accepting cryptocurrency payments, such as CNS, brings numerous advantages:
a) Global Reach and Accessibility
Cryptocurrencies have no borders, making them an ideal payment method for businesses with a global customer base. By accepting CNS payments, businesses can tap into a broader market and cater to customers worldwide.
b) Faster and Cheaper Transactions
Traditional payment methods often involve intermediaries, resulting in delays and additional fees. Cryptocurrency transactions, on the other hand, are peer-to-peer, eliminating the need for intermediaries and enabling faster and cheaper transactions.
c) Security and Privacy
Cryptocurrencies offer enhanced security and privacy compared to traditional payment methods. Transactions are secured through cryptographic techniques, reducing the risk of fraud and identity theft.
2. What is CNS and Why Buy It?
CNS, short for Centric Swap, is a digital currency that forms part of the Centric dual-token system. The Centric project aims to provide a stable and reliable alternative to existing cryptocurrencies. Here are some key features of CNS:
a) Dual-Token System
The Centric dual-token system consists of Centric Rise (CNR) and Centric Swap (CNS). CNR serves as a store of value with a deflationary supply and an inflationary price, offering the hourly yield to its holders. CNS, on the other hand, is a liquidity token traded on exchanges and acts as an indicator of demand.
b) Stability and Predictable Growth
In contrast to other cryptocurrencies, Centric combines predictable growth with a long-term plan to achieve price stability. Holders can freely convert CNS to CNR to receive hourly growth. This can be done via the Centric Wallet (wallet.centric.com), and for private wallet users via centricswap.com.
c) Listed on Exchanges
CNS is listed on various exchanges, including centralized and decentralized platforms. This ensures liquidity and enables users to easily trade CNS for other cryptocurrencies or fiat currencies.
3. CNS and NOWPayments: Revolutionizing Payment Acceptance
The partnership between NOWPayments and Centric introduces innovative solutions that can revolutionize the way businesses handle payments. By integrating CNS into their payment systems, businesses can benefit from:
a) Stable Transactions
Accepting CNS payments and then swapping it to Centric Rise (CNR) offers a hedge against market fluctuations as the protocol delivers “stakeless yield” every hour.
b) Broader Acceptance
The collaboration between NOWPayments and Centric encourages more businesses to accept CNS payments. This broader acceptance is essential for driving the mass adoption of cryptocurrencies and facilitating their transition into functional currencies.
c) Security and Reliability
Both NOWPayments and Centric prioritize the security and reliability of their platforms. NOWPayments has a history of being a non-custodial service, which means it does not hold or store users’ funds. Additionally, Centric has a multi-year history without any hacks, ensuring the security of users’ funds.
4. Step-by-Step Implementation Guide
To get started with accepting CNS payments through NOWPayments, businesses can follow this step-by-step guide:
Step 1: Sign up for NOWPayments
Visit the NOWPayments website and sign up for an account. This process is quick and straightforward.
Step 2: Integrate NOWPayments
Choose the integration option that best suits your business needs. NOWPayments offers e-commerce plugins for popular platforms like Shopify, WooCommerce, and Magento. Alternatively, you can integrate NOWPayments’ API into your website or mobile app for a customized payment solution.
Step 3: Set up CNS Payments
Once your integration is complete, navigate to the payment settings in your NOWPayments dashboard. Enable CNS as one of your accepted cryptocurrencies.
Step 4: Receive CNS Payments
Start accepting CNS payments from your customers. NOWPayments’ payment gateway will handle the conversion of CNS into your preferred currency, ensuring a seamless transaction process.
5. What Can You Buy with CNS?
Today, businesses and individuals have the ability to buy a wide range of products and services with CNS. Just like traditional payment methods, CNS is gradually being accepted by various merchants across different industries. Some popular use cases for CNS include:
a) E-Commerce Purchases
Many online retailers now accept CNS payments, allowing customers to purchase a variety of products, including electronics, clothing, and household items.
b) Travel and Accommodation
Travel agencies and hotels are starting to embrace CNS payments, providing travelers with more options when booking accommodations and other travel-related services.
c) Entertainment and Gaming
Gaming platforms and other online entertainment providers are increasingly accepting CNS payments, allowing users to access to quality content.
The partnership between NOWPayments and Centric is revolutionizing the way businesses handle transactions. By embracing CNS payments, businesses can benefit from stable transactions, broader acceptance, and enhanced security. The step-by-step implementation guide provided by NOWPayments makes it easy for businesses to integrate CNS payments into their existing systems. With CNS gaining acceptance across various industries, the future of crypto payments looks promising. Embrace the revolution and start accepting CNS payments today!