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Filecoin Payments to be supported - ASAP!

The news of Filecoin’s mainnet launch has been anticipated by both crypto businesses and the entire crypto community at large, no doubt. We at NOWPayments have been among this lot for a while, and now it’s finally time to announce that we have begun the necessary preparations to support Filecoin! 

We believe that Filecoin’s mission is what the entire crypto world had been waiting for – as OneDrive, Dropbox, and Google Drive are raising concerns with their file storage policy, a decentralized peer-to-peer file storage system is a necessary step to the existence of fully decentralized Internet, independent of authorities. 

Filecoin’s FIL token, the asset that supports the entire infrastructure, brings awesome utility to the project – by giving network participants the incentive to provide their file space for other people to use.

NOWPayments is hoping to  give FIL one more layer of utility – by providing people with an opportunity to pay with FIL in various stores, give FIL donations, as well as accept FIL coin in their businesses, as donations, tips, so on and so forth.

While we can’t give a certain ETA yet, we can safely say that as soon as major crypto exchanges enable FIL withdrawals and deposits, we will be able to add it first for accepting, then for paying – stay tuned for more news on our social media!

Filecoin, created by a company called Protocol Labs, is a decentralized file storage network. Filecoin is set meant to enable anyone to buy and sell unused storage on the network using their native token FIL. In 2017, Protocol Labs raised $200 million in just 30 minutes via an ICO, and the project has been in development ever since. The mainnet was set to launch in March of this year, but has been delayed several times until October 15th, 2020.

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NOWPayments, developed by the team behind the instant crypto exchange service ChangeNOW in 2019, is a non-custodial cryptocurrency payment system. As of now, NOWPayments supports more than 50 crypto assets both for paying with and accepting and has a wide range of merchant tools available for anyone wishing to deal with crypto payments.

Crypto happens — accept it NOW!

Post Author: Nowpayments.io