GAFA is one of the leading projects that are advancing the Web3 industry. Although Gafa Token was launched only in the 4th quarter of 2021, it has already earned its place among the most promising cryptocurrencies in the industry. To be more precise, GAFA is here to revolutionize the sphere of GameFi and bring next-gen mechanics and solutions to it. This is why GAFA is so popular among crypto enthusiasts and has a long list of notable partners such as Unity and Binance. Yet, the massive community of GAFA is the main reason why merchants may find the idea of accepting GAFA payments interesting. NOWPayments lets you not only accept GAFA payments but also automatically convert the GAFA tokens you receive to fiat.
- GAFA is a token deployed on BNB Smart Chain.
- GAFA payments can help businesses forget about chargeback fraud.
- Use NOWPayments to accept payments in GAFA and automatically convert it to fiat.
What is GAFA crypto?
GAFA is the native cryptocurrency that powers the Gafa Token ecosystem. GAFA exists on the Binance Smart Chain network. It has a total supply of 1,000,000,000 GAFA. Currently, the GAFA coin is held by thousands of people, and the number is growing. The main utility of GAFA is the ecosystem of products which is being built by the Gafa Token project. For instance, Gafala is a P2E game that will constitute the main product of the project. Additionally, the team is working on an API that will improve developer capabilities. So far, the project’s basic strategy has been functioning quite well, allowing Gafa Token to reach a number of significant milestones.
Advantages of GAFA payments
Zero chargeback fraud
The rise of online fraud forces many businesses to discard traditional payment solutions and look elsewhere for more reliable methods. GAFA is one such solution since it addresses the problem of chargeback fraud. It is common knowledge that chargebacks are a major source of headaches for businesses.
Most banks have a chargeback system that may be used by fraudsters to steal thousands of dollars from companies. GAFA coin payments can be used by businesses as a chargeback-free payment option. GAFA transactions cannot be reversed. So, businesses that accept GAFA crypto payments may rest assured that their money will not be taken away from them through unscrupulous ways.
As mentioned in the beginning of the article, the community is the most vital element in the success of GAFA. There are thousands of people who use GAFA on a daily basis or simply hold it in their wallets. Yet, since GAFA is still an up-and-coming project there are not that many use cases for the coin.
Thus, merchants can take advantage of this early market and begin accepting GAFA as a means of payment. It is likely that a certain share of the GAFA community will make sure to support this new use case and will be happy to spend their tokens on products or services.
Quick payment processing
GAFA is deployed on the Binance Smart Chain, one of the most advanced blockchains in the world. Unlike its main competitor, Ethereum, BNB Chain processes transactions in a much quicker fashion, so users need to wait only a couple of minutes for their GAFA tokens to reach the recipient.
Thus, GAFA constitutes an excellent payment solution for businesses that wish to facilitate their payment process and get paid faster. This is an especially relevant option for companies that do not have access to expedite payment methods. GAFA can, therefore, become a great choice for making payments promptly.
Low transaction fees
Another substantial advantage of Binance’s blockchain is low transaction fees. On average, users spend less than a cent to send their GAFA tokens to another address. Such a feature can become a major benefit for businesses that wish to slash their expenses. Besides, GAFA payments also can help customers reduce their fee costs.
Eventually, lower fees can enable businesses to bring down their prices attracting more clients as a result. Basically, GAFA is a low-cost token that constitutes a superior payment method compared to conventional payment solutions such as bank transfers that entail considerable fees for both merchants and consumers.
Full ownership and Privacy
GAFA presents businesses with an opportunity to gain greater financial control. Essentially, businesses can protect their GAFA token funds from outside interference by putting them into a non-custodial wallet. Additionally, the GAFA crypto is an anonymous cryptocurrency, meaning that users do not have to disclose their information when utilizing it.
Subsequently, companies can recommend GAFA to customers who want to maintain confidentiality and make purchases anonymously. There is no alternative among the conventional payment methods that can provide a similar level of privacy as GAFA. Therefore, it is a truly unique method of conducting payment transactions that businesses must make full use of.
How to let customers pay with Gafa crypto and get fiat
Businesses may accept GAFA token payments with NOWPayments. Furthermore, merchants can turn the GAFA coins they receive into fiat currency. NOWPayments works with Switchere to make the conversion process easier for clients. Although Switchere does not support the GAFA token, businesses may still utilize the auto-conversion option. The GAFA coin may be changed to an asset supported by Switchere (e.g., XRP) by using the built-in balances function of NOWPayments. After the exchange, you will be able to withdraw your fiat money.
GAFA is a GameFi token that powers the utility of the Gafa Token project. NOWPayments lets businesses charge their clients in GAFA but receive payments in fiat.