Horizen is an innovative blockchain that provides unlimited opportunities for developers and companies wanting to deploy their own decentralized networks. While Horizen is recognized as one of the most promising projects in the industry, its native cryptocurrency, ZEN, is regarded as a coin with an excellent efficiency of transactions. Businesses can be the main beneficiaries of the ZEN technology if they use it as a payment method. NOWPayments provides solutions that can help businesses set up their ZEN payment gateway.
Key points:
- Horizen is an efficient network with high throughput.
- ZEN transactions let businesses get rid of high fee expenses and chargeback fraud.
- Companies can use NOWPayments’ services to accept ZEN payments.
What is ZEN?
The Horizen project was launched in 2017. Horizen offers sidechain technology providing users with an opportunity to build decentralized apps and services. ZEN is the native currency of Horizen. One of the main focuses of ZEN is privacy. ZEN has a total supply of 21 million coins. ZEN is featured on numerous exchanges, so it is no problem to get hold of it.
Why should I choose ZEN payments in my business?
- Inexpensive transactions
- Quick money transfers
- Confidentiality
- New prospective clientele
- Absence of chargeback fraud
Low fees
Every business owner knows that bank fees are really annoying. Due to bank fees, businesses lose a lot of money, which they otherwise could invest in the company. Yet, by deploying a ZEN payments gateway, companies can decrease their costs and circumvent banks. ZEN transactions are extremely cheap and much lower than those charged by banks. Offering Horizen coins as a payment option is a reasonable way for businesses to reduce their costs.
Fast payments
The traditional payment solutions used by the majority of businesses are inefficient and slow. In some cases, bank transfers take days to arrive. Even PayPal transactions can take long hours. Crypto transactions are great at solving this problem. ZEN payments are an excellent alternative to mainstream payment methods. The Horizen network has achieved exemplary efficiency. Therefore, the processing of ZEN transactions takes mere seconds.
Privacy
Privacy is crucial for people when conducting financial operations. Yet, the existing payment methods do not provide it. Practically payment solutions imply sharing one’s personal details with banks. ZEN payments can be used by businesses as an anonymous payment method. Horizen users do not need to disclose their private information when using the network. Moreover, they can make their transaction data completely invisible to third parties.
New clients
Horizen is a popular platform, and there are thousands of people who own ZEN coins. Horizen community supports all new use cases. Businesses can become the center of the community’s attention just by featuring ZEN payments. ZEN-powered companies are guaranteed to get additional publicity on social media. Businesses can turn the members of the ZEN community into their loyal customers.
No chargeback
Chargeback fraud is a common issue of traditional payment methods. Criminals use chargeback to strip businesses of their money. Companies are the main victims of chargeback fraud. Since crypto transactions are irreversible, chargebacks are impossible on the blockchain. By using a ZEN crypto gateway, companies can completely eradicate chargeback fraud.
So… how to accept ZEN?
Companies that are interested in deploying a ZEN payment gateway can utilize NOWPayments’ tools. NOWPayments is a service that provides businesses with reliable solutions for setting up a Horizen coin payment gateway. For instance, eCommerce businesses can utilize plugins that are compatible with PrestaShop, WooCommerce, Magento 2, WHMCS, OpenCart, Zen Cart, Shopify, and Shopware. Moreover, businesses can use crypto invoices and a virtual Point-of-Sale terminal.
Conclusion
Horizen is an efficient blockchain that offers high throughput making ZEN transactions fast and cheap. NOWPayments supports the mass adoption of ZEN and provides tools for accepting ZEN payments to businesses.