Online gambling is a hugely popular activity, enjoyed by millions of players across the world and it is easy to see why. The iGaming industry offers a wide range of products, the ability to play anywhere, anytime, and generous bonuses which serve as a major draw for different types of consumers. However, these services experience increasing difficulty in transaction processing due to the outdated solutions they use, which results in stalled operations and frustrated customers. Therefore, more online gambling services are turning to alternative methods for processing payments, such as cryptocurrencies. GAFA is a cryptocurrency that not only provides fast, secure, and cost-effective payment processing for gambling services, but also has a gaming-oriented nature. With the help of NOWPayments, iGaming businesses can up their payment-processing game by getting paid in the GAFA token.
Key points:
- GAFA is a gaming-focused token.
- iGaming companies can improve their operations by using fast and secure GAFA payments.
- NOWPayments offers its intuitive API for the effortless deployment of GAFA as a payment method.
What Is GAFA Crypto?
About GAFA
The GAFA token is a cryptocurrency created on the BNB Chain blockchain. This token enables users to participate in the GAFA ecosystem. It is used to support the development and growth of the ecosystem, and to reward users who contribute to it. GAFA also powers the key component of its project, the GAFALA Game, a P2E title of the future. In the game, GAFA users can utilize their tokens to breed characters to play or trade them. The GAFA crypto is currently available on several notable exchanges, including ChangeNOW, and can be applied as a payment method inside and outside the GAFA ecosystem.
Let’s now take a look at what GAFA tokens have in store for businesses.
GAFA community
Gafa Token has a vibrant and engaged gamer community. By using Gafa Token as a payment method, online gambling businesses can draw on the familiarity of the GAFA community with the gaming industry, thus creating an easy and accessible pathway to their services for them. In other words, the GAFA coin is capable of enabling online iGaming businesses to broaden their customer base and attract a new audience. In order to facilitate the process of getting noticed by Gafa Token users, online gambling venues can offer them exclusive rewards programs or bonuses.
Secure payments
The GAFA token also provides a secure digital environment for gambling businesses to conduct their transactions, which can help to minimize potential risks associated with the industry. With the GAFA crypto, users can reliably manage their funds on any gambling platform, giving them peace of mind when it comes to protecting their finances. Thanks to the advanced encryption of the BNB Chain, GAFA gives you an extra layer of security.
Freedom from oversight
GAFA token is a peer-to-peer and decentralized cryptocurrency that offers a way to transfer money without the need for a central authority. GAFA token lets you and your customers bypass the necessity to rely on banks and other traditional financial institutions, avoiding their prying eyes. The GAFA crypto gives you and your customers the freedom to transact without worrying about any authority freezing your bank accounts over suspicious activities or denying you service altogether.
Complete control over your funds
GAFA provides individuals and businesses with the ability to manage their finances in a way that is convenient for them. It has 24/7 availability, no bank holidays, and no withdrawal limits. You are free to convert GAFA to any other currency at any moment. This makes it especially ideal for companies who need to accept international payments. Essentially, with GAFA you can accept payments from anyone, anywhere, anytime, and be fully in control of your funds.
Privacy
People usually want to keep their gambling activities anonymous. By using the GAFA token, iGaming services can give customers a secure, private, and reliable way to pay for their gambling activities. GAFA does not ask users to share their personal details to conduct a transaction. This payment method is designed to keep users’ financial information confidential, making it difficult for any third party to track records of their transactions. With the GAFA coin, your customers can rest assured that their payment information is safe and protected, allowing them to enjoy their gaming experience without worrying about the security of their financial data.
How Can Gaming Projects Benefit from GAFA?
iGaming businesses can begin accepting GAFA tokens in the space of a few clicks with NOWPayments. Here are the benefits you get by choosing our solution.
Instant borderless payments
NOWPayments gives iGaming businesses the opportunity to accept borderless payments with the help of the GAFA token. This provides a variety of advantages, such as improved liquidity, better efficiency, and increased security.
Additionally, it gives users access to the global market, allowing them to receive payments quickly from people across the entire world. This fully eliminates the need for handling exchange fees or buying foreign currencies. NOWPayments lets companies make the most of the GAFA coin payments. NOWPayments also makes sure to process all transactions as swiftly as possible, so that iGaming companies can provide their customers with a seamless and stress-free gambling experience.
Chargeback-free payments
A chargeback occurs when a consumer requests a refund from their bank by claiming they received a wrong or poor-quality product. This feature is heavily abused by all kinds of criminals, as banks tend to resolve chargeback disputes in favor of the consumer.
NOWPayments offers an effective solution to the issue of unsubstantiated chargebacks, which is common in the gambling industry. By assisting companies in employing irreversible GAFA transactions, NOWPayments gives businesses the ability to better protect themselves from fraudulent activities. Not only does this help to reduce the chances of a chargeback, but it also offers a more secure and reliable way to process payments.
No verification
NOWPayments makes sure that our clients have a butter-smooth experience when it comes to accepting GAFA and other cryptocurrencies. This is why you can expect no fuss, such as KYC verification or other formalities.
Businesses can accept payments in GAFA currencies anonymously, allowing them to operate hassle-free and without having to worry about any compliance or security concerns. The platform is designed to be intuitive and user-friendly, making it easy for businesses to start with minimal effort and no extra costs.
Low fees
NOWPayments is a great choice for gambling businesses as it only charges a 0.5% fee per transaction, which is highly beneficial for businesses in the iGaming industry. Online iGaming is known for being a low profit margin industry, so every penny counts when it comes to keeping costs down.
Having a payment system that charges a low fee is essential to maintain a healthy balance sheet and ensure that businesses are making a profit.
How Can iGaming Companies Use NOWPayments?
When using NOWPayments, you are free to choose from two available flows of deploying GAFA token payments.
Basic custody and Mass Payouts API
The basic flow is all most iGaming services need when it comes to accepting and sending payments in GAFA or any other cryptocurrency. You can make use of NOWPayments’ API to deploy a simple payment process where your clients will be able to load their balance on the platform in seconds.
You can choose your clients’ money to either go directly to your crypto address or to your NOWPayments account balance, from which you will be able to withdraw money at any moment. Additionally, you will also be able to make use of our Mass Payouts API making it easy for you to send payouts to hundreds of addresses in less than a minute. Here is how you can deploy the Basic custody flow:
- Create a NOWPayments account.
- Provide your GAFA payout address.
- Choose your preferred way of accepting payments.
In order to enable Mass Payments and the Custody API in your account:
- Go to the “Custody” section.
- Read the Custody Solution user agreement, agree to the terms, and press “Continue.”
- Provide your IP address, which you plan to use to send salaries, check the box to agree to the Custody Solution terms, and press “Continue.”
- You may be shown a page saying that the Balances feature is temporarily unavailable for you, but it will be removed in a couple of minutes.
- Once the system is ready to process your transactions, it will show you the following page:
- Now, you will be able to make payouts in GAFA by uploading a .csv file.
Extended custody
The Recurring Custodial Payments feature gives you the capability to create individual billing accounts for your customers or users, allowing them to fund these accounts using the cryptocurrency of their preference, including GAFA, as a form of payment. Utilizing our API, you can set up these billing accounts quickly and conveniently.
Here is how you can implement the Recurring Custodial Payments feature:
- Register an account on NOWPayments.
- Add your GAFA wallet address and generate an API key.
- Integrate the Recurring Custodial Payment API by following this guide.
- Create deposit accounts for your users via the Billing API.
- Set up a recurring payment plan.
- Allow your customers to top up their deposit accounts.
- Charge your users automatically based on their activity on your platform.
Conclusion
iGaming businesses can tap into the massive potential of GAFA payments. Deploy GAFA token as a payment method via NOWPayments.